Over the past few years, Queensland has experienced increasing demand for industrial property. This demand is further fuelled by a shortfall of completed stock and the depletion of industrial-zoned land.
Economic growth, increased business sentiment, a low Australian Dollar, and strong population growth in SEQ are driving demand for industrial property. This demand is resulting in sharp increases in industrial-zoned land prices, tighter yields and high rental growth.
However, a new radar report from Colliers International suggests that the dynamics of the industrial market are changing. From large-scale, single-occupant warehouses in inner metro markets, demand is shifting to smaller strata units within ‘strategic proximity’ to key markets.
It is the increase in small business, which makes up nearly half of Australia’s workforce and one-fifth of the GDP, that is driving this growth in ‘mini-warehouses’ – smaller spaces that are more financially available.
Over the past twelve months, Niclin Group has designed and constructed several ‘mini-warehouses’. It is this track record that has given us an understanding of how to design this style of development in the most economical manner while ensuring saleability. From town planning to structural and fire engineering requirements, we can work with you and your tenants to deliver the best outcomes.
For example, on several projects within the Moreton Bay suburb of Brendale, we utilised compartmentalisation to keep individual spaces under the 2,000m2 of GFA and/or 12,000m3 volume. This satisfies the BCA and avoids dry and wet fire requirements which greatly assist in keeping the construction costs
Find out more about two of our recent ‘mini-warehouses’ at Cutler Court Warehouse and Civic Warehouse.