Perth's industrial sector experienced a 13.6% median sale price growth and high demand in 2024, despite reduced sales.

Perth's industrial sector topped the commercial market in price growth for the year ending June 2024, with a 13.6% increase in annual median sale price per square meter to $2,389. The inner sub-region had the highest annual median sale price per sqm at $2,985. Despite a 5.3% decrease in sales compared to the previous year, industrial sector activity remained strong due to high demand and rising prices partly attributed to a lack of supply, according to REIWA CEO Cath Hart.

August 28, 2024
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