The largest non-residential property sector by size in Australia, industrial has been growing in prominence in the last few years with the rapid rise of e-commerce driving traditional bricks and mortar retailers into large-scale state-of-the-art warehouses and logistics facilities to keep up with customer demand for online shopping.
Further fuelled by lock downs during the pandemic, this dramatic shift in consumer behaviour is here to stay. And the sector’s potential for growth is untapped with online retail penetration rates at just 14.6% which is below the global average rate of 22%.
Once seen as the safe and steady asset class, the dramatic growth in Industrial in the past few years alone coupled with the next generation technology innovations such as automation have rapidly changed the sector.
Industrial is now one of the most sought after by major investors in Australia and overseas. This translates into unlimited potential for your career growth.
Toll’s 44,000 sqm temperature controlled facility at Charter Hall’s MidWest Logistics Hub in Truganina, Victoria has the capacity to store more than 700 million MARS® Bars for its fulfilment contract with Mars Wrigley Australia.
Nationally there are $407 billion infrastructure projects committed or under construction. $266 billion of projects are under consideration. This investment is shaping the evolution of supply chains in all major industrial markets.
90% of new space requirements are for large-scale and regional Distribution Centres, with the balance being last mile centres.
Australia’s e-commerce penetration rate is forecast to rise from 14% to 29% by 2026. This equates to a 123% increase in annual online retailing spending.
Industrial is now at the forefront of intelligent property solutions. From working on the latest break-throughs in automated packaging and deliveries with global brands in fast fashion and groceries to every product you could ever imagine, to international site visits to inspect the latest innovations fruit-ripening systems, where will Industrial take you next?