Perth Industrial Leasing Booms: 122,200 sqm Gross Take-Up Recorded in Q2 2025

Perth’s industrial property sector continues to outperform national averages, with a record-breaking 122,200sqm of gross take-up recorded in Q2 2025. This figure marks a 26% increase on the previous quarter and reflects robust demand from logistics, mining services, food processing, and construction-related tenants. The combination of low vacancy, strategic infrastructure upgrades, and an undersupplied pipeline is pushing tenants to secure space faster and earlier — especially for purpose-built options and large-format warehousing.

What’s Driving the Surge in Industrial Leasing Across WA

The WA economy’s resilience — powered by resources, infrastructure investment, and population growth — has created a solid platform for industrial leasing activity. Operators are not only expanding but also relocating to newer, more efficient premises that offer better freight access and long-term lease certainty.

• Strong demand from national and international logistics operators scaling WA operations

• Construction sector growth fuelling warehouse, storage, and equipment hub requirements

• Mining and mineral processing support industries leasing up outer-metro land parcels

• Food manufacturing tenants seeking long-term footprints close to population corridors

• Shift away from older, inefficient buildings towards sustainable, higher-spec warehouses

• Tenants pushing for long leases (10+ years) in secure, zoned precincts

Key Industrial Precincts Driving Take-Up in Perth

The bulk of Perth’s industrial leasing in Q2 came from core and emerging freight zones. These areas offer a combination of access, zoning, and build-ready land — allowing faster D&C pathways and a clearer pipeline for developers.

• Forrestdale Business Park West: Continues as WA’s most active industrial precinct by square metre

• Hope Valley: Strategic take-up from logistics and heavy industry amid infrastructure rollouts

• Wattleup / Latitude 32: Bulk transport, 3PL, and freight providers locking in pre-leases

• Hazelmere: Strong growth from logistics and food operators requiring east–west freight access

• Neerabup / Wangara: Northern corridor leasing activity from construction, SME, and supply chain tenants

• Canning Vale: High retention rates with expansion-driven leasing, not just relocations

Largest Leases Recorded in Q2 2025

Several of Perth’s most prominent lease transactions in Q2 highlight growing tenant appetite for larger, higher-spec facilities — particularly where operators can consolidate smaller operations into one modern, central hub.

• 24,500sqm leased in Wattleup by national 3PL group for cross-docking and container storage

• 18,200sqm facility pre-leased in Forrestdale by WA food logistics operator on 15-year term

• 14,000sqm leased in Hazelmere by national manufacturer with embedded power and water systems

• 12,500sqm taken up in Hope Valley for inbound bulk materials warehousing with rail proximity

• 10,800sqm in Wangara for construction logistics staging and fabrication workshop

Impact on Landowners, Developers, and Agents

High take-up rates are not just good headlines — they’re reshaping how Perth’s industrial ecosystem works. Developers are adjusting project timelines to speed up D&C offers, landowners are seeing premium values for serviced blocks, and agents are working with more pre-lease briefs than ever before.

• Increased tenant willingness to pre-commit to secure land and lock in construction

• Lease terms stretching to 10–20 years in core precincts with incentive-free structures

• Land pricing rising across Forrestdale and Wattleup, pushing strata solutions in mid-tier markets

• Institutional investors entering WA industrial scene with eye on long-term yield

• Design innovation to meet sector-specific needs: temperature control, racking, food-grade builds

How to Capitalise on Perth’s Leasing Surge

Stakeholders in this market need to move quickly and communicate clearly. Visual clarity, zoning transparency, and development potential must be immediately obvious to potential tenants or buyers.

• Build 3D aerials showing how tenant operations would fit within the estate

• Use interactive IMs with lot sizing, power, road links, and service connections shown visually

• Offer build scenarios tailored to logistics, trade, or light industry sectors

• Include pipeline timing, DA status, and titles data to shorten decision timeframes

• Highlight proximity to freight routes, ports, and workforce hubs in every pitch

• Showcase past leasing success or tenant outcomes if re-listing existing stock

Market Outlook — What Comes Next

While Q2 leasing has been strong, it’s not expected to slow. If anything, with continued pressure from migration-driven demand and large-scale infrastructure projects rolling out, the WA industrial sector is forecast to exceed 500,000sqm gross take-up in 2025 — its biggest year ever.

• Q3 pre-lease activity already strong across southern corridor

• Major users in mining and logistics seeking >30,000sqm footprints into 2026

• Spec builds planned in Forrestdale, Hazelmere and Neerabup targeting Q4 release

• Institutional capital pushing developers to deliver assets ready to lease

• Local developers launching new estates in Wattleup and Cardup to meet backlog

How Commercial Property Marketing Can Help

We turn raw land and under-construction projects into fully visualised investment opportunities. If you’re marketing a development or seeking anchor tenants, our renders, IMs, websites, and strategic pitch tools help cut through Perth’s busy leasing landscape.