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WA’s industrial property market driving Australia’s economic growth
By Bianca Dabu
27 April 2021
| 1 minute read
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With confidence returning and the jobs market rebounding, Western Australia is believed to be at the forefront of Australia’s economic recovery, a new report has found.
CBRE has dubbed Western Australia as the “best state economy in the world”, given its resilience in the face of COVID-19, which it believes was majorly propped up by a strong-performing industrial property sector.
In its latest market snapshot, CBRE observed strong levels of enquiry and tenant demand for the state’s industrial market, with the headline market vacancy for warehouses over 4,000 sq m in size, down from 2.8 to 2.3 per cent in just six months