WA Industrial Property Market Review - September 2026
“Quality industrial assets are expected to remain tightly held, with occupiers encouraged to act promptly when suitable opportunities arise.”
Western Australia’s industrial property market continues to demonstrate strong fundamentals, supported by population growth, economic activity and sustained demand from the transport, logistics, manufacturing, construction and e-commerce sectors.
Perth remains one of Australia’s tightest industrial markets, with approximately 187,000 sqm of space absorbed during the June 2026 quarter and rolling 12-month leasing activity reaching approximately 409,000 sqm, well above the long-term average. Vacancy tightened to approximately 1.0% during the first half of 2026, maintaining competition for modern, well-located facilities and supporting continued rental growth.
Demand remains particularly strong throughout Perth’s established eastern and southern industrial precincts, including Welshpool, Kewdale, Canning Vale and Perth Airport. A shortage of serviced industrial land, combined with continued owner-occupier demand, is supporting land values and limiting opportunities to secure strategically located sites.
While Perth maintains an active development pipeline, approximately 74% of forthcoming supply was pre-committed at the end of the June quarter, restricting the level of speculative accommodation expected to enter the market.
This momentum extends into Western Australia’s South West, where population growth, regional investment and a diverse economic base are generating continued requirements for warehouses, workshops, trade facilities, storage and regional distribution accommodation.
Bunbury remains the region’s principal industrial and logistics centre, supported by Bunbury Port and strong transport connections to Perth and surrounding communities. Established industrial areas, including Davenport, Picton, Halifax and East Bunbury, continue to attract interest from local businesses and larger regional operators.
Across metropolitan and regional markets, enquiry remains focused on functional, adaptable properties offering efficient layouts, good vehicle access, suitable loading facilities and proximity to major transport routes.
Quality industrial assets are expected to remain tightly held, with occupiers encouraged to plan ahead and act promptly when suitable opportunities become available.