Land values for industrial property are seeing record gains as limited supply is putting upward pressure on prices.

Industrial land shortages driving values higher

Valuer Knight Frank says Melbourne has seen the strongest rise in prices of industrial land with a 30% increase over the past 12 months.

 

Brisbane has increased by 20%, while Sydney has seen an increase of at least 12% in land values.

 

According to Knight Frank, there is a lack of zoned industrial land to be developed, and owner-occupiers and developers are fighting for what land is available.

By Published On: January 18, 2022Categories: Property0 CommentsTags: