Industrial Commercial Partners National Property Guide - August 2025
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NSW PROPERTY MARKET REVIEW
“Tenants are in a stronger negotiating position than at any time in recent years.”
Artie Kalpidis, Link Property Services
NSW MARKET REVIEW
Sydney’s industrial property market continues to experience a shift in momentum, with demand from occupiers softening while supply levels rise across most sectors. The once frenzied pace of leasing activity has slowed considerably, replaced by a more measured and cautious approach from both occupiers and investors.
Decision-making timelines have extended as businesses evaluate economic uncertainty, with many adopting a “wait and see” approach. This is in stark contrast to the climate of just 12–18 months ago, when the fear of missing out drove rapid commitments and more aggressive deal structures.
Leasing Market
Occupier enquiry levels remain subdued, particularly in the larger-format space of 2,500 sqm+ facilities. Negotiation periods are stretching longer as tenants leverage increased options in the market to push for more favourable leasing terms.
While headline face rents have held steady for institutionalgrade assets, the story beneath the surface is changing. Incentives are now on the rise, a direct reflection of heightened competition among landlords to secure strong covenant tenants. This shift places tenants in a stronger negotiating position than at any time in recent years.
Supply & Stock Levels
Following a post-Covid period of constrained supply, the pipeline of new developments reaching completion, combined with secondary stock coming back to market, has materially lifted the volume of leasing options available. This increase in stock has been a key driver of the upward pressure on incentives, as landlords look to differentiate their offerings in a crowded market.
Sales Market
The investment market has also cooled, with both private investors and institutional capital showing greater hesitancy. Broader macroeconomic concerns – including interest rate stability, inflationary pressures, and global economic uncertainty – are weighing on sentiment.
Investors and owner-occupiers alike are now taking longer to complete due diligence, carefully scrutinising assets rather than pursuing acquisitions with urgency. While this has reduced transactional volumes, it has also reinforced the importance of high-quality, well-located industrial assets that can demonstrate resilient tenant demand.
Outlook
Looking ahead to Q4 2025, we anticipate:
• Sustained upward pressure on incentives as competition for tenants continues.
• Stable face rents in prime assets, though secondary stock may face downward rent adjustments.
• Sales activity to remain subdued, with a flight to quality favouring core industrial assets with long WALEs and strong tenant covenants.
• Increased tenant leverage, particularly in the 2,500+ sqm category, where options are most plentiful.
While the market is clearly softening, opportunities remain for well-prepared occupiers to secure favourable terms and for investors to acquire assets at more compelling yields than were available during the peak of the cycle.
FOR LEASE SUPERB OFFICE & WAREHOUSE FACILITY
Unit 2 7 Millner Avenue, Horsley Park NSW
• High quality warehouse + office
• Excellent connectivity to M4 and M7
• Join leading global and domestic brands
Located near the M4 and M7 Motorways, this 4,495 sqm warehouse and office facility offers exceptional access across Greater Sydney. Features include three on-grade roller shutters, two recessed docks, all-weather loading via awning, LED lighting, ESFR sprinklers and ample on-site parking.
The property delivers functional, high-quality warehousing in one of western Sydney’s premier logistics locations, ideal for efficient operations and distribution. An outstanding opportunity in a tightly held industrial hub with unrivalled transport connectivity.
BUILDING AREA
FOR SALE FULLY SERVICED LAND - AUSTRAL
140 Gurner Road, Austral NSW
• Lots from 2,564 sqm
• All lots are fully serviced
• Limited lots available
140 Gurner Avenue, Austral, offers a range of essential features, making it a prime location for development. All lots are equipped with power, water, sewer, stormwater, and NBN connectivity, ensuring seamless infrastructure for various business needs. Zoned as IN2 Light Industrial, the site provides flexibility for a variety of industrial and commercial uses. With multiple future development options available, this property presents a valuable opportunity for investors and businesses looking to establish or expand their operations in a well-serviced and strategically located area.
0410 697 393
michael.mileto@linkps.com.au
FOR LEASE IDEAL CORPORATE HEADQUARTERS
Unit 2, 126-136 Bourke Road Alexandria NSW
• Warehouse clearance up to 7.6m
• Large external loading areas
• 18 allocated carparks
First time offered in a decade, this well-appointed Alexandria industrial unit offers an ideal corporate headquarters with office/ showroom frontage to Doody Street. Positioned across from Sydney Corporate Park and close to The Grounds, WestConnex and Green Square Station, the property features 7.6m warehouse clearance, 5.5m roller door with awning, large loading area, 18 on-grade car parks (some undercover) and abundant natural light. One of only four units in the estate, each enjoys generous loading and parking facilities.
Chris Sully 0439 383 444
chris.sully@linkps.com.au
Artie Kalpidis 0403 383 333
artie.kalpidis@linkps.com.au
FOR LEASE
FREESTANDING OFFICE / WAREHOUSE
8-10 Gerald Street, MARRICKVILLE NSW
• Areas from 1,419 - 4,087 sqm
• Modern office space
• High clearance warehouse
• Short walk to train station
This freestanding office/warehouse is 400 m from Sydenham Station, close to Sydney Airport and Port Botany. The mezzaninelevel office is fully carpeted, air-conditioned, and includes first-floor amenities, kitchen, and an executive office with adjoining bathroom and shower. The high-clearance warehouse offers three container-height roller shutters, largely clear-span space, and separate ground-floor amenities. Secure, gated parking is provided for 22 cars, most undercover. A modern, versatile facility in a strategic location ideal for warehousing, distribution, or corporate use.
BUILDING AREA
Chris Sully 0439 383 444 chris.sully@linkps.com.au
FOR SALE FREESTANDING WAREHOUSE WITH UP TO 11.8M CLEARANCE
168 – 174 Euston Rd, Alexandria NSW
• Office / showroom + warehouse
• Prime location close to WestConnex
• Self-contained café on-site
• Tenanted investment, with potential
• Lease with development clause
With prime Euston Road frontage, this freestanding office/warehouse offers excellent access to Sydney CBD, Airport, Port Botany and WestConnex M8. Features include 5.4–11.8m clearance, two container-height roller shutters (one with awning), refurbished amenities, new LED lighting and air-conditioned offices over two levels. A self-contained café fronts the site. Leased to Prestige Select Pty Ltd until January 2026 with a three-year option.
FIND OUT MORE ABOUT THIS PROPERTY
Chris Sully 0439 383 444
chris.sully@linkps.com.au
Artie Kalpidis 0403 383 333
artie.kalpidis@linkps.com.au
FOR LEASE RENOVATED 2,677 SQM WAREHOUSE/ SHOWROOM/ OFFICE
211 john street, lidcombe NSW
CONTACT AGENT FOR PRICING
• Unique & inviting atmosphere
• Immediate access to Parramatta Rd
• Opposite Lidcombe Shopping Centre
• Container height roller shutter
Located near major arterial roads and M4 on/off ramps, this 2,677 sqm warehouse, showroom, and office space is 6 km from Parramatta CBD and 18 km from Sydney CBD. Features include a 527 sqm heavy-load mezzanine with goods lift, air-conditioned showroom with timber trusses and brickwork, container-height roller shutter, and two street frontages. Approved for automotive use, car lift, and 40t mezzanine storage, the property suits diverse industries including automotive, retail, childcare, and trade.
Mark Cadman 0458 383 383
mark.cadman@linkps.com.au
Elliot Martin 0438 383 007
elliot.martin@linkps.com.au
FOR LEASE CENTRAL WESTERN SYDNEY LOCATION
• Available to occupy now
• High quality office fit-out
• ESFR sprinklered warehouse
Located on the northern side of Loyalty Road down the very end of the street. Good feeder access to major arterial roads such as James Ruse Drive, Victoria Road and the M4& M2 Motorways, as well as North Connex. Functional & presentable development comprising 4 units, two of which are on the upper level (Units 1 & 2) and two of which are on basement level (units 3 & 4). Majority of the building area is of concrete panel construction (offices are of brick construction), with steel portal frame and insulated metal deck roof. The warehouse clearance ranges between 5.5 to 6.7m and is accessible via 1 on-grade roller shutter, fully sprinklered with an ESFR system & is clean & tidy. Office space is over 2 levels, being fully carpeted, air conditioned & partitioned. The fit-out & general feel is superb with an abundance of natural light.
383 007
QLD PROPERTY MARKET REVIEW
JOHN ANDREW from FAL PROPERTY GROUP
QLD MARKET REVIEW
Q2 has seen stabilisation in Brisbane’s industrial market, underpinned by stronger economic conditions and improving investor sentiment.
Queensland’s economy continues to outperform, with GDP forecast to grow 2.1% in 2025 and 2.7% in 2026. Inflation is back within target and low unemployment (4.1%) is supporting both occupier demand and investor confidence. Interest rate cuts in May further improved borrowing conditions.
Development activity has moderated, with approximately 520,000 sqm due for delivery in 2025—about half speculative. The southside remains Brisbane’s most active corridor, capturing nearly half of all future supply, though pre-commitments are limiting vacancy risks. Rental growth has eased but remains positive, with prime rents averaging $161/sqm and secondary at $140/sqm on the southside. Incentives have edged higher, reflecting new supply, while mid-sized facilities (3,000–10,000 sqm) still a balanced
Vacancy rates lifted slightly, with the southside highest at 6.7%, largely due to new large-format completions, though leasing activity in smaller formats is strong. Investment confidence is rebounding, with prime yields compressing to 5.8% on the southside and nearly $1 billion in sales transacted in H1 2025. Land values remain steady at $580/ sqm on average, supported by robust occupier and developer demand.
“Investment confidence is rebounding, with nearly $1 billion in industrial sales transacted in the first half of 2025.”
John Andrew, FAL Property Group
FOR LEASE CRANE, HARDSTAND & BIG POWER – PRIME LOCATION
• 5T overhead gantry crane for heavy lifting requirements
• Large 3-phase power supply with onsite transformer
• Excellent B-double truck access and manoeuvrability
Situated in a prime Carole Park location, this industrial facility delivers outstanding functionality and easy access to major transport routes. Ideal for manufacturing, logistics, or heavy industry operators needing power, space, and convenience, it offers competitive leasing rates with both short and long-term options available.
4,072 sqm
John Andrew 0488 018 998 john@falproperty.com.au
Shed 1, 81 Pentex Street, Salisbury QLD FOR LEASE - $130/sqm Net + GST
• 1,950 sqm (approx.) freestanding metal clad warehouse
• 150 sqm (approx.) of office and amenities
• 4 x door access to warehouse
• 3 phase power
• Ample concrete hardstand and container set down area
• Recently upgraded switchboard, LED lighting and A/C
This well-appointed freestanding industrial facility boasts excellent access, expansive hardstand, and a prime Salisbury location just off Evans Road. Positioned on an elevated, flood-free site, it offers operational peace of mind and seamless connectivity to major transport routes.
FOR LEASE FLOOD FREE, HUGE SECURE LOGISTICS FACILITY
• Exclusive use secure concrete hardstand 3,000sqm
• Ample container setdown / truck turning space
• Extra wide roller doors & loading docks
• High exposure onto Ipswich Road
Strategically positioned in the established industrial hub of Rocklea, 8km from the CBD, this property has excellent connectivity with direct access to the Ipswich Motorway. This is a prime operations hub, with Ipswich Rd frontage, dual street access, exclusive use and fenced hardstand, for truck manoeuvrability and container setdown.
YatalA
• 379sqm corporate grade office space
• 2,858sqm concrete tilt panel warehouse
• Fully fenced and secure site
• Dual driveway access
• 6 full height electric roller doors + 4 additional roller doors to breezeway
Situated in the largest industrial precinct on the Gold Coast, halfway between Brisbane and the Gold Coast CBDs. It offers easy truck manoeuvring, ample space for containers or external storage, and 38 on-site parking spaces, making it an exceptional base for logistics, manufacturing, and distribution operations.
FOR SALE PRESTIGE INNER-CITY CONVENIENCE CENTRE WITH DUAL STREET ACCESS
This rare inner-city dual-lot offering, available exclusively in one line, comprises a substantial 2,614sqm* landholding with a fully leased tenancy mix anchored by national brands KFC and Snap Fitness. It presents investors with near-term rental uplift potential and the opportunity to reposition the asset in this high-profile location (STCA). Situated directly adjacent to the forthcoming Coles-anchored Milton Village Shopping Centre, with Coles set to open in late 2025*.
• Flexible open layout tenancies ranging from 400sqm
• Rare 625sqm continuous
• Ample car parking on-site and directly outside the tenancies
• Generous incentives on offer Opportunity to lease at the RiverCity Private Hospital, anchored by Vision Eye Institute. It is located within a major healthcare precinct, with close proximity to Wesley and Westside Private Hospitals on major arterial road.
FOR SALE MEDICAL FREEHOLD
South Side of Brisbane
TO PURCHASE
• Fully leased
• 2 tenants: medical clinic and pathology
• Full medical fitout
• 3 years term + options
Premium freehold medical asset (699sqm + Mezzanine) located in the booming south side region. The property is leased to two tenants, each occupying an entire floor. Investments don’t get much better than this. Realistic yield expectations. Call today.
FOR LEASE PPREMIUM OFFICE SPACE IN GROWTH CORRIDOR
225 Brisbane Terrace, GOODNA QLD
• High-quality fitout in place, furniture optional
• Full staff amenities: kitchen, lunchroom, and bathrooms
• Energy-efficient design with excellent natural light
• Ample on-site parking for staff and clients
• Professionally presented, well-maintained building
Offering a flexible, efficient workspace ready for immediate occupation.mCurrently fitted with 250sqm of premium, energy-efficient office space, the tenancy can be expanded to up to 750sqm on site. The modern fitout includes workstations, private offices, and full staff amenities, with the option to retain or remove existing furniture to suit operational needs.
VIC PROPERTY MARKET REVIEW
MATT O’DEA from FACEY PROPERTY
VIC MARKET REVIEW
The state of the market in Victoria appears poised for a strong second half to 2025. We have experienced a steady run of activity, but it has taken patience and nurturing to get transactions finalised. Time on market has been longer in 2025 (with some exceptions) as buyers and tenants take longer to reach decisions.
While the interest rate cycle is starting to work in our favour, it has only seen marginal increases of activity thus far. We feel it may take another 100 basis points to really give the market the nudge it needs, and this should occur in the months to follow. The smart buyers should be in acquisition mode right now to stay ahead of the next market lift.
Owner occupiers remain vital to our market and continue to drive values for our vendors, particularly in our established industrial markets. Investors provide a different landscape and appear to be two-tiered. Those simply seeking high returns have misread the market and are struggling to secure properties; whilst those prepared to take the long-term view are considering the properties underlying fundamentals and future security will meet the vendors at a mutually beneficial level and transact. It’s worth noting we are seeing an uptick from interstate investors in the current climate.
Leasing rates have remained stable for the year to date, with a slight increase in incentives. Tenants can negotiate more flexible outcomes as supply levels have lifted and landlords seek to fill vacancies. Finally, a bit more breathing space for businesses on the tenant side of the ledger.
Please reach out if we can assist you further in our market.
“The smart buyers should be in acquisition mode right now to stay ahead of the next market lift.”
Matt O’Dea, Facey Property
FOR LEASE PRIME CORNER INDUSTRIAL FACILITY
1 Jamieson Way, Dandenong South, VIC
Contact Agent for Pricing
• 36 on site car parks
• Prime corner location
• Modern industrial premises
Facey Property offers this modern 2,143m² industrial facility for lease in Dandenong South’s premier precinct.
Featuring a 420m² two-level office and 1,723m² high-clearance warehouse, the site includes dual crossovers, five 6m-wide roller doors, an 108m² canopy with wash bay, and a 10,000-litre water tank. With 36 car spaces, secure fencing, and excellent staff amenities, this near-new property combines premium presentation with outstanding functionality, ideally positioned for easy access to major Melbourne arterials.
FIND OUT MORE ABOUT THIS PROPERTY
Adam Strachan 0499 419 890
adam.strachan@faceyproperty.com.au
Matt O’Dea 0448 566 556
matt.odea@faceyproperty.com.au
FOR SALE PRIME EXPOSURE WITH 3 YEARS INCOME
2/6 Southeast Blvd, Pakenham VIC
$3,200,000
• 1,386m² office warehouse
• Currently returning $159,330pa plus og’s
• Prime location
• Near new building
• Within the Southeast Business Park and faces Southeast Boulevard
This 1,386m² office/warehouse offers a secure 3-year lease from 1 April 2025, returning $159,390 p.a. plus outgoings and GST with 4% reviews. No further option provides future flexibility. Positioned on Southeast Boulevard in Pakenham’s thriving Southeast Business Park, it enjoys prime exposure, excellent connectivity, and growth potential. Features include a groundfloor showroom with street presence and first-floor partitioned offices with kitchenette and staff amenities, creating a versatile, professional space for investors or future occupiers. CONTACT
Adam Martin 0409 357 352 adam.martin@faceyproperty.com.au
Michael Firrito 0477 975 595 michael.firrito@faceyproperty.com.au
FOR LEASE HEIGHT + DOCKS + LOCATION
2/82 Greens Road, Dandenong South VIC
Contact Agent for Pricing
• Expansive warehousing of 3500m²
• Dual level office, fully partitioned
• Multiple loading docks
This prime 4,300m² facility comprises an 800m² dual-level, fully partitioned, air-conditioned office and a 3,500m² highclearance warehouse with 11m* internal clearance.
Key features include multiple on-grade roller doors, two loading docks, a securely fenced side yard, excellent truck access, and Industrial 1 Zoning (IN1Z). Strategically located in the heart of Dandenong South, the property offers direct connectivity to the South Gippsland Highway and Eastlink, making it ideal for warehousing, distribution, or manufacturing operations seeking a well-appointed, highly accessible base.
FIND OUT MORE ABOUT THIS PROPERTY
11,320 sqm
Matt O’Dea 0448 566 556
matt.odea@faceyproperty.com.au
Adam Strachan 0499 419 890
adam.strachan@faceyproperty.com.au
FOR SALE TWO ‘LAND RICH’ INVESTMENTS
2A & 9 Amayla Crescent, Carrum Downs, VIC
Contact Agent for Pricing
• Available for separate sale
• Strong leases in place
• Large yard areas
Secure two high-performing industrial investments in a tightly held precinct, offered together or individually. Just off Frankston-Dandenong Road near Peninsula Link, both assets provide strong income, quality tenants, and growth potential.
2A Amayla Crescent: 4,050m² land, 888m² building, leased to Dolphin Gymnastics and Frankston Sand & Soil, returning $144,520.94* p.a. net to 2028 plus options.
9 Amayla Crescent: 1,560m² land, 380m² building, leased to Frankston Sand & Soil, returning $80,164.95* p.a. net with 5% annual increases.
FIND OUT MORE ABOUT THIS PROPERTY
2A: 4,050 sqm 9: 1,560 sqm
BUILDING AREA
2A: 888 sqm 9: 380 sqm
David Politakis 0448 726 313
david.politakis@faceyproperty.com.au
Matt O’Dea 0448 566 556
matt.odea@faceyproperty.com.au
FOR SALE PREMIUM LOCATION WITH EXCEPTIONAL POTENTIAL
4/2-8 Northey Road, Lynbrook, VIC
Contact Agent for Pricing
• Rare vacant possession opportunity
• Well appointed mezzanine office
• 13 car parks on title
Facey Property presents a prime showroom/warehouse on South Gippsland Highway, offering exceptional exposure and access to the South Gippsland Freeway.
Features include a 160m²* air-conditioned mezzanine office with meeting rooms and amenities, high-clearance warehouse (8.5m–9.5m), rear loading via 5m container-height roller door with canopy, ample parking, and modern street frontage for standout signage. Gemini Catering remains operational and is currently preparing to relocate. Rarely available in this soughtafter precinct, this ready-to-occupy facility is a standout opportunity.
FIND OUT MORE ABOUT THIS PROPERTY
CONTACT
Adam Strachan 0499 419 890
adam.strachan@faceyproperty.com.au
Matt O’Dea 0448 566 556
matt.odea@faceyproperty.com.au
FOR SALE STRATEGIC INDUSTRIAL OPPORTUNITY
13 Commercial Drive, Dandenong South, VIC
$3,850,000 to $3,995,000
• 3 + 3 year lease
• As at Nov 2025 returning $183,712pa
• Global distributor
Secure this quality factory/warehouse with offices, purpose-built for a paper printer manufacturer.
Features include multiple roller doors, 160 amps power, high-clearance warehouse with natural light, fenced rear yard with side and rear access, and a modern ground-floor office with two offices, boardroom, open-plan area, kitchenette, and amenities including shower and lunchroom. Currently occupied by Dixon Asia/Pacific, part of the global Dixon Valve & Coupling Company, a leading supplier to diverse industries.
FIND OUT MORE ABOUT THIS PROPERTY
CONTACT
Mark Bond
0419 386 882
mark.bond@faceyproperty.com.au
Uday Chandran 0488 558 484
uday.chandran@faceyproperty.com.au
FOR LEASE PREMIUM OFFICE/WAREHOUSE FACILITY
26-28 Apollo Drive, Hallam VIC
Contact Agent for Pricing
• 20 Car parks
• 7.4m wide roller door
• Container access and truck loading area
A high-quality office/warehouse in Hallam’s tightly held industrial precinct, moments from the South Gippsland Freeway with toll-free Monash Freeway access.
Features include 20 on-site car parks, a 7.4m-wide roller shutter door, excellent container access, generous front hardstand, and a functional warehouse-to-office ratio. The single-level office offers quality amenities, while the warehouse supports efficient operations. Available 1 November 2025, this is a rare chance to secure a prime facility in a strategic logistics location.
FIND OUT MORE ABOUT THIS PROPERTY
Matt O’Dea 0448 566 556
matt.odea@faceyproperty.com.au
Michael Firrito 0477 975 595
michael.firrito@faceyproperty.com.au
FOR SALE INVEST IN AN AUSTRALIAN LEADER!
85-87 Abbott Road, Hallam VIC
Contact Agent for Pricing
• 5 year lease to listed Australian Co.
• Annual growth with lease options
• Brilliant investment opportunity
Secure a premium industrial investment leased to AMA Group Ltd, Australia and New Zealand’s collision repair market leader.
A new 5-year lease from 11 December 2024, with a further 5-year option, returns $226,600 p.a. net (Dec 2025) with 3% annual increases and full outgoing recovery. The 1,426m² office/warehouse plus canopy sits on 4,376m² with dual crossovers, hardstand, and secure yard. Backed by a reputable ASX-listed tenant, this Hallam asset offers long-term income in a tightly held precinct.
FIND OUT MORE ABOUT THIS PROPERTY
CONTACT
Mark Bond 0419 386 882
mark.bond@faceyproperty.com.au
Adam Martin 0409 357 352
adam.martin@faceyproperty.com.au
FOR LEASE HIGH-FUNCTIONING CORNER FACILITY
113- 119 Williams Road, Dandenong South, VIC
Contact Agent for Pricing
• Ideal position
• CT metering & solar
• Freehold corner position
• High power supply
• Fitted office space
Versatile corner industrial facility with three roller doors, two crossovers, and excellent logistics flow. Two-level fitted offices provide a professional, ready-to-occupy workspace. CT metering with substantial power capacity suits power-intensive uses, complemented by a generous solar system for energy efficiency. Located just off Greens Road, with quick access to Eastlink, South Gippsland Highway, and Frankston-Dandenong Road. In a well-established industrial precinct, this highly functional site offers strong connectivity, operational efficiency, and long-term value. Rarely available in this location.
