Perth’s commercial and industrial property market continues to outperform most other Australian capitals, driven by strong demand, limited supply, and sustained economic activity linked to mining, logistics, and population growth. As we move through March 2026, Perth remains one of the tightest industrial markets in the country, with vacancy rates at or near record lows and development activity accelerating across key corridors. With affordability still favourable compared to the east coast, investor interest remains strong.

Industrial vacancy remains at critical lows

Perth’s industrial sector is defined by extremely low vacancy, with available space being absorbed quickly across both leasing and sales markets. Demand continues to outpace supply, creating strong upward pressure on rents and values.

Key supply and demand dynamics include:

• Record-low vacancy rates across most industrial precincts
• Strong demand from logistics, mining services, and trade-based businesses
• Limited availability of modern, functional industrial stock
• Ongoing supply constraints despite an active development pipeline
• High competition for both small and large industrial assets

This imbalance is driving one of the strongest industrial markets in Australia.

Southern corridor leading development activity

Perth’s southern industrial corridor continues to dominate new development and land release activity, offering scale, connectivity, and proximity to key infrastructure.

The most active areas include:

• Forrestdale as a major growth hub for industrial estates
• Wattleup and Hope Valley supporting large-scale land releases
• Jandakot providing access to airport and logistics infrastructure
• Bibra Lake and Henderson supporting established industrial activity
• Kwinana benefiting from port and heavy industry connections

These locations are attracting strong interest from both developers and occupiers.

Affordability attracting national investors

Perth’s relative affordability compared to eastern states markets is a major factor driving investor activity. Buyers are recognising the opportunity to secure assets at lower entry points while benefiting from strong market fundamentals.

Key investor trends include:

• Increased interest from eastern states investors seeking better value
• Strong yields compared to Sydney, Melbourne, and Brisbane
• Demand for well-leased industrial assets with secure income
• Opportunities to acquire larger sites at competitive prices
• Growing confidence in Perth’s long-term economic outlook

This trend is contributing to continued price growth across the market.

Infrastructure and resources sector supporting growth

Perth’s economy and property market are closely tied to the resources sector, with ongoing investment supporting industrial demand. Infrastructure development is also playing a key role in enabling growth.

Key drivers include:

• Continued strength in mining and resources activity
• Investment in logistics and freight infrastructure
• Port and transport upgrades supporting industrial operations
• Expansion of industrial estates aligned with growth corridors
• Government initiatives supporting economic diversification

These factors are reinforcing Perth’s position as a key industrial hub.

Commercial market showing steady improvement

Perth’s commercial sector is showing signs of improvement, with increased activity across office, retail, and mixed-use developments. While recovery has been gradual, confidence is building.

Key commercial trends include:

• Improving demand for office space in key locations
• Growth in suburban commercial hubs
• Retail activity supported by population growth
• Increasing interest in mixed-use developments
• Investor focus on well-leased, income-producing assets

This steady improvement is supporting the broader commercial property market.

Opportunities in emerging industrial areas

With core industrial precincts becoming increasingly constrained, emerging areas are providing new opportunities for development and investment.

Key opportunity areas include:

• Expansion of industrial land in southern growth corridors
• Development of new estates in outer suburban locations
• Redevelopment of older industrial sites to improve functionality
• Landbanking in areas aligned with infrastructure upgrades
• Targeting sectors such as logistics, mining services, and trade

These areas are expected to play a key role in Perth’s continued growth.

Recent transactions shaping the market

Industrial Facility, Forrestdale – $15.2 million sale
A modern warehouse asset was acquired by an investor, reflecting strong demand in Perth’s southern industrial corridor.

Development Site, Wattleup – $42 million acquisition
A large industrial landholding was secured for future estate development, highlighting continued expansion across key growth areas.

Industrial Investment, Welshpool – $9.7 million sale
A fully leased industrial asset transacted with strong investor interest, reinforcing low vacancy conditions in the market.

How Commercial Property Marketing can help

In a high-demand market like Perth, strong presentation and clear positioning are essential. We help developers and agents bring commercial and industrial opportunities to market with impact — using aerial 3D visuals, masterplans, and full campaign strategies designed to generate enquiry, secure early commitments, and accelerate results.