Industrial GVA was negative at -8.3% Q3 2020.
Average super prime industrial rents were flat. Australian super prime rents average $112/sqm.
Super prime yields compressed by 32bp y-o-y resulting in record low yields
Land values increased by 3.6% q-o-q with Australian 1.6ha lots averaging $580/sqm. 0.25ha lots increased by 10.0% q-o-q to $734/sqm.
Transaction volumes in Q4 totalled $1.93b over 61 transactions. This was 33% lower than volumes recorded in Q4 2019. Transaction volumes in 2020 totalled $8.9b, the highest on record