Stagnant industrial development market in Rockhampton: HTW

Stagnant industrial development market in Rockhampton: HTW
Stagnant industrial development market in Rockhampton: HTW

There is stagnation in the industrial development market in Rockhampton.

Most projects in growth precincts within the industrial market in Rockhampton were undertaken during the last market boom and development of industrial land has been fairly stagnant in recent years, according to the latest report from Herron Todd White (HTW).

The valuers noted that the industrial precincts in Gracemere are slowly being absorbed by the market.

There is still development soon to be undertaken within the Gracemere Industry Park (near Toll), with land to the rear approved to be developed into medium and light impact industrial allotments.

It is unknown when this land will be developed.

The valuers stated that the Livingstone Shire Council has been releasing industrial lots to the market within its Gateway Business and Industrial Park.

The estate comprises six stages in total with a proposed 71 lots.

The lots range in size from 2,000 square metres to 1.3 hectares.

Stage 2 has been developed and is currently available for sale.

The valuers at HTW believe "this supply of industrial land will provide for Yeppoon’s industrial market for some time".

"Major infrastructure projects that will assist in stimulating growth of the industrial sector will be the proposed Ring Road project as well as the Rookwood Weir."

In general, the industrial market for the first half of 2018 has continued at a steady pace.

The report forecasts that recovery of the coal price and green shoots within surrounding mining towns as well as local infrastructure projects will help the "recovery of the industrial market" in Rockhampton for the remainder of the year.

Tags: 
Industrial Rockhampton

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