• Perth industrial vacancy: about 1.0 per cent in H1 2026 (MLV), against about 3.2 per cent nationally
• 12-month leasing: about 409,000 sqm across Perth, well above the long-term average
• June quarter leasing: about 187,000 sqm
• Super-prime rents: up about 6.5 per cent year on year
• Prime rents: about $150 per sqm at the end of 2025 (CBRE)
• Pipeline: about 74 per cent of upcoming supply already pre-committed

Welshpool and neighbouring Kewdale are established, fully built-out precincts. There is almost no vacant land, so new supply only comes from redeveloping older sites. Meanwhile, demand from transport, logistics, manufacturing and e-commerce keeps growing as Perth's population expands.

MLV names Welshpool alongside Kewdale, Canning Vale and Perth Airport as established locations where well-located land is scarce.

• 2–10 Kewdale Road: $20.62 million, 6.5 per cent yield, 13,225 sqm warehouse on 1.82 ha, leased to Bend-tech Group to 2032 (March 2026). The sellers, QIC and Fife Capital, paid $20 million in late 2022.
• 248 Welshpool Road: fully leased 4,093 sqm on 7,905 sqm with dual frontage, sold off-market through Colliers (February 2026).
• 61 Dowd Street: 4,725 sqm leased on a 5 + 5 year term after 80+ enquiries.

Colliers' Hayden Dick described Welshpool as one of the most tightly held precincts in the state, with strong demand for well-located assets with diverse income. His colleague Sam Hammond pointed to low vacancy, limited new supply and the strategic role of industrial property in supply chains as the reasons core precincts keep drawing interest.

Next door in Kewdale, pharmaceutical wholesaler Symbion sold its WA distribution centre on Abernethy Road for $16.8 million with a leaseback in September. Read our coverage. Deals like this show that operators across the eastern industrial belt are using their property to free up capital.

With vacancy at record lows and most new supply pre-committed, conditions are expected to stay tight in the near term. That supports rents and values, but makes it harder for growing businesses to find space. Expect more owner-occupier competition, more off-market deals and more interest in redeveloping older, underused sites.

• Owners: conditions favour sellers and landlords, so consider your options
• Tenants: plan early and be ready to commit
• Investors: focus on land value and tenant quality, not just yield
• Developers: older sites with good land have strong redevelopment appeal

• Welshpool WA suburb guide for business
• Buying or leasing commercial property in Welshpool
• Welshpool's key industrial streets
• Marketing industrial property in Welshpool
• Development suburb focus: Welshpool WA