Learn more about Perth’s healthy industrial supply pipeline

Eleven projects are expected to be completed by 2027.

Four major industrial developments (≥3,000 sqm) completed in Perth over Q2 2025 according to a report from JLL, totalling 32,400 sqm. There are currently 11 projects totalling 163,900 sqm under construction, with expected completion by end-2027.

“Eight projects totalling 103,700 sqm are in the plans approved stage, and three projects totalling 21,900 sqm are in the plans submitted stage. The majority (85.4%) of these projects have not been pre-committed,” the report further revealed.

Here’s more from JLL:

Occupier demand in the Perth industrial and logistics market increased over Q2 2025, with 122,200 sqm of gross take-up recorded across 16 major occupier moves (≥3,000 sqm). Quarterly tenant activity was above the two-year quarterly average of 67,900 sqm.

Gross take-up totalled 333,300 sqm over the past 12 months, significantly above the 10-year average of 212,000 sqm. Demand was led by the transport, postal & warehousing (28.8%), professional, scientific & technical services (14.6%) and mining (9.7%) sectors.

Prime yields tightened across all precincts over Q2 2025

Average prime existing net rents were stable across all precincts over Q2 2025. The North precinct recorded the strongest annual growth (8.0%), followed by the South (7.6%) and East (7.2%) precincts.

Prime midpoint yields tightened 25 basis points (bps) to 6.25% across all precincts over the quarter. On an annual basis, yields were stable across all three precincts.

Outlook: Rental growth to be supported by robust occupier demand

Despite still-elevated construction and labour costs, speculative supply remains prominent in the Perth market. This new supply is expected to be supported by occupier demand expected over the short term.

Rental growth is forecast to accelerate over the short term due to robust occupier demand in the Perth market. Prime yields are expected to remain stable over the rest of 2025.