Industrial market in NT, SA and WA declining: HTW

The industrial market is either approaching or at the bottom of the market despite the number of industrial properties remaining at a steady rate, according to Herron Todd White’s latest monthly market report.

The property advisory firm says that the exception were Perth, Darwin and South West WA where the numbers of industrial properties are declining.

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There is also a large value difference between quality properties with national tenants, and comparable properties with local tenants in all of the regions with the exception of Alice Springs and South West WA which has reported small value differences.

There is also an oversupply of industrial properties throughout all of SA, WA and NT, resulting in a flat local economic situation.