Perth Commercial & Industrial Property Market — September 2025 Update

Perth’s industrial and commercial sector continues to outperform expectations, with low vacancy rates, strong investor appetite, and major government-backed infrastructure driving demand across both established and emerging precincts. Western Australia’s freight network upgrades, population growth, and ongoing diversification into data centres and clean energy are reinforcing long-term confidence. Local and interstate developers are accelerating acquisitions across core hubs like Forrestdale, Wattleup, Wangara and Kwinana, while fringe regions are attracting attention for affordable, scalable land.

Southern Corridors Attract Major Investment and Infrastructure

The southern industrial corridor — particularly around Kwinana, Wattleup, and Hope Valley — remains one of the most strategically important growth zones in Australia, thanks to its port access, freight links, and large-scale land availability.

• Wattleup continues to deliver titled land in stages at Latitude 32, with significant freight movement capability and road train access

• Hope Valley has seen multiple D&C commitments from national logistics operators in Q3

• The Western Trade Coast is now in full swing, with advanced manufacturing, hydrogen hubs and battery facilities under construction

• Kwinana land values are rising as new estates near the Anketell Interchange draw investor and tenant interest

• The Roe 8 and Roe 9 freight upgrades are unlocking additional south-west corridor land for potential industrial rezoning

Northern Suburbs See Tightening Vacancy and Land Scarcity

Perth’s north — particularly around Wangara, Neerabup and Landsdale — remains popular with SMEs, owner-occupiers and trades-based businesses. Lot supply is limited, prompting rising values and strong pre-sale activity for any new releases.

• Wangara vacancy is under 1.5%, pushing demand for strata industrial units and light commercial sheds

• Neerabup is delivering larger lots, with direct access to Mitchell Freeway extensions and nearby intermodals

• Landsdale continues to thrive with owner-occupier builds under 2,000 sqm, often selling off-market

• Gnangara Road upgrades have made outer north zones more viable for last-mile logistics and trades

• Clarkson and Joondalup are being targeted for service commercial zones aligned to residential expansion

New Land Releases Open Up Key Industrial Zones

To meet strong tenant and investor demand, several major land estates have released new stages in Q3, offering rare availability of zoned industrial land.

• Catalpa Business Park in Wattleup has released Stages 1 and 2, offering General Industrial lots with Roe Highway connectivity

• Nambeelup Industrial Park near Mandurah is seeing strong leasing interest from fabrication and light manufacturing firms

• New stages at Forrestdale Business Park West are being fast-tracked to market following rapid absorption of previous stock

• Neerabup Strategic Industrial Area has seen renewed development interest with planned infrastructure upgrades

• Muchea Industrial Park continues to provide cost-effective road train-rated land along the Great Northern Highway

Strategic Projects Highlight Perth’s Diversification

Beyond traditional logistics and fabrication, Perth is seeing significant momentum in future-focused industrial sectors like energy storage, defence manufacturing and data infrastructure.

• SunCable’s Pilbara-to-Kwinana HVDC corridor is prompting long-term landbanking near Kwinana for renewable-connected industry

• Amazon Web Services and NextDC are both advancing WA data centre sites in the eastern and southern corridors

• The Anketell Intermodal Freight Hub is under early works and will become a major logistics node by 2027

• Defence-adjacent lands near Rockingham and Henderson are being reviewed for industrial and advanced manufacturing zoning

• Lithium and rare earth processing sites in the south-west are drawing logistics and supply chain facilities into Perth’s fringe estates

Suburb Spotlight: Kwinana Powers WA’s Industrial Future

Kwinana is now central to WA’s next-generation industrial strategy — with land supply, government backing, and proximity to both port and energy infrastructure.

• The Rockingham Industry Zone and Kwinana Strategic Industrial Area are now home to green hydrogen and advanced battery projects

• Land take-up at Latitude 32 and East Rockingham is accelerating, particularly for heavy transport and fabrication

• Upgrades to the Kwinana Freeway and local arterials are improving freight throughput and worker access

• Kwinana’s General Industrial zoning enables uses from logistics to resource refining and clean tech

• Investment by both state and federal governments is de-risking large-scale development across the region

Market Insights: Why Perth Is Attracting National Developers

Developers from across Australia are increasingly targeting Perth as a market with scale, affordability and long-term upside. The combination of freight access, high population growth corridors, and lower land costs makes it especially attractive for long-term holdings.

• Industrial land in Perth still sells for 30–50% less than comparable land in Melbourne or Sydney

• Zoning flexibility across WA’s Strategic Industrial Areas (SIAs) supports a wide range of asset types

• Road train connectivity offers logistical advantages for freight-heavy industries

• Several zones, including Wattleup and Nambeelup, are pre-serviced and ready for construction

• Developer-led land releases are now competing with government-backed industrial strategies, offering greater opportunity and choice

How Commercial Property Marketing Can Help

From Kwinana to Wangara, we’ve supported some of Perth’s most strategic industrial developments. Our team knows how to position your property with 3D visualisations, fully interactive IMs, estate plans, and web-based tools that bring your vision to life. Whether you’re marketing land before titles or targeting early-stage leases, we’ll help you generate momentum and maximise value.