Perth continues to rank as one of Australia’s strongest industrial markets, with vacancy tightening from 2.7% to 1.6% over 2025, the lowest industrial vacancy rate nationally.
The shift reflects limited new supply, strong tenant demand, and ongoing population and economic growth, all contributing to sustained pressure on available space.
These conditions highlight the structural drivers shaping Perth’s economy, particularly constrained land availability, elevated occupier demand, and consistently strong take‑up across key tenant sectors.
In the near term, we expect vacancy to remain tight, with continued pressure on rents in core precincts and strong competition for well‑located industrial sites, creating a compelling environment for investors focused on long‑term fundamentals.
These market dynamics reflect similar fundamentals to the Adelaide and Brisbane markets where Leyton Funds owns and continues to actively target new acquisitions.
