The industrial market across the country has enjoyed record levels of returns over the past five years due to the increased demand for larger distribution and logistics assets given the uptick in online retail trade. During the pandemic, this demand was heightened and there was a growing need to expand the storage and distribution of products across Sydney to allow for last-mile logistics and more timely delivery of goods. Furthermore, the changing nature of employment during this time saw a long-term high in new business start-ups which also saw demand for smaller industrial assets.
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