The industrial sector has emerged as the top performer in Perth’s commercial market from January to September this year, according to data from the Real Estate Institute of Western Australia (REIWA). This sector has shown strong growth and stability compared to other commercial sectors in the region.
Industrial properties in Perth have seen an increase in demand, with more businesses looking to secure space for their operations. This has resulted in a rise in property values and rental prices in the industrial sector.
The performance of the industrial sector has been attributed to factors such as the growth of e-commerce, increased demand for storage and distribution facilities, and a steady rise in manufacturing activities in the region.
Overall, the commercial market in Perth has shown resilience despite challenges posed by the COVID-19 pandemic. The industrial sector, in particular, has proven to be a reliable and lucrative investment option for businesses and investors looking to capitalize on the growing demand for industrial properties in the region.