Perth Commercial & Industrial Property News October 2025

Perth’s commercial and industrial property sector continues to surge ahead, with strong fundamentals underpinning sustained leasing activity, capital investment, and new land releases across key corridors. Industrial vacancy remains the lowest of any capital city, while population growth and economic diversification are attracting national attention. From Kwinana and Welshpool to the outer-northern suburbs, Perth’s development landscape is shifting — and those with pre-approved plans, 3D visualisations, and fast-to-market strategies are leading the race.

What’s driving the market this month

A range of macro and local factors are combining to shape the current landscape for commercial property in Perth:

• Industrial vacancy remains at a record low, currently under 1%, with most new space absorbed pre-construction

• WA’s population growth is the highest nationally, creating strong demand for warehousing, construction supply, and retail logistics

• Key corridors like Kwinana, Forrestdale, and Wangara are experiencing significant land absorption and new infrastructure upgrades

• Developers are accelerating DA approvals to meet lease commitments before construction costs rise again

• Owner-occupiers and trade-based businesses are actively competing with investors for available space

Bought / sold highlights

41-51 Mandurah Road, Kwinana – $13.7 million sale

A 3.6ha industrial site with development potential was purchased by a WA-based group intending to deliver a large-scale logistics hub.
Significance: Highlights the ongoing value uplift and interest in the southern industrial corridor.

112 Mulgul Road, Malaga – $8.1 million off-market

A leased warehouse facility was acquired by a private investor, showing the continued appetite for tenanted mid-scale logistics assets.
Significance: Low vacancy and increasing rents make stabilised industrial assets highly sought after.

Suburbs and corridors showing the most activity

Demand continues to concentrate around key growth corridors, transport nodes and industrial estates:

• Kwinana / Latitude 32: Strong infrastructure investment and land availability make this a WA powerhouse for logistics

• Forrestdale / Tonkin Highway Corridor: High take-up from trade businesses, construction, and suppliers of goods to new housing estates

• Wangara / Landsdale: Popular with smaller occupiers and local investors, offering mid-sized development sites

• Welshpool / Canning Vale: Remains Perth’s industrial heart, though supply is limited and redevelopment is driving intensification

• Neerabup / Jandabup: Northern growth areas seeing more interest due to affordable land and future road links

Key land releases and development trends

New land releases and estate planning across Perth are playing a crucial role in supporting WA’s industrial growth:

• Catalpa Business Park (Forrestdale): Stage 1 lots launched with strong interest from logistics and hardstand users

• Meru Industrial Estate (Geraldton): Stage 2 launched, supporting regional distribution and freight users

• Morlink Tradepark (Moreton Bay-style model): New launch from Seymour Property Group, tapping into masterplanned development strategy

• North Ellenbrook Industrial Zone: Early-stage planning and rezoning now in place, unlocking new northern supply

• Kwinana Strategic Industrial Area: State-backed focus on enabling global-scale industrial projects

Suburb spotlight: Welshpool

Welshpool continues to hold value as Perth’s central industrial hub, with its proximity to major arterials, intermodal transport, and long-standing tenant base making it irreplaceable for many businesses.

• Vacancy rates are well below 1%, especially for units under 3,000sqm

• Investors continue to see upside in older stock with redevelopment potential

• Logistics, light manufacturing, and service providers dominate the tenancy mix

• Some sites are now being converted to multi-unit strata or intensification plays

• High land values are driving more design-and-construct leasing models

What this means for developers, investors, and landowners

• Developers: Those with titled land or DA-ready masterplans can capitalise on rapid take-up and low competition

• Investors: Net-yield compression is occurring, but income stability is drawing interest to stabilised assets

• Landowners: Clear visualisation and marketing assets are essential to attract pre-lease interest and boost site value

• Councils and planners: Timely approvals and infrastructure commitments are enabling industrial-led economic growth

• Agents: Suburb-led marketing and visual-driven IMs are outperforming in a busy market

How Commercial Property Marketing can help

With record-low vacancy and intense development interest across WA, timing and clarity matter more than ever. Our tailored visualisation, 3D marketing and stakeholder-alignment tools ensure your project hits the market with impact. From Forrestdale to Kwinana and beyond, we help you attract, convince, and convert.