Large-scale industrial lots of more than 10,000sqm are in short supply in Melbourne's east, resulting in developers and occupiers considering brown field sites in this tightly held market.
Whilst small lot supply and sales continue with great success in locations such as The Key Industrial Park and Dandenong Logis Estate, the supply of development-ready land in excess of 10,000sqm remains extremely tight.
The last remaining lot (20,000sqm) at Kingston Business Park, Knoxfield represents the only land parcel of this scale in the inner east available for sale, ready for immediate industrial development.
Further south east, the Dandenong precinct features only two estates where lots greater than 10,000sqm can be readily purchased for immediate development, namely Goodman’s Power Park and Australand’s The Key Industrial Park.
This rapidly tightening land supply in a market growing in confidence has resulted in urgency for occupiers seeking larger sites, coupled with increased demand by developers searching for the next appropriately zoned site that offers scale in this proven market.
This month, Colliers International's Industrial team released a number of exciting development opportunities including the infill allotment of 1.551ha at 20 Hallam Valley Road, Dandenong South, and the rare site in Anzed Court, Mulgrave that is ideally suited to a boutique unit development.
For more information on this, or any other, industrial market, contact our team.