COLLIERS RADAR
SYDNEY’S INDUSTRIAL LAND SUPPLY
By Sass J-Baleh Associate Director | Research [email protected]
In March 2017 Colliers Research undertook an investigation into Sydney’s Industrial land supply. The industry leading paper provided the number of years of industrial land supply left as well as a projected amount of land when factoring in ‘potential future employment land areas’. Comparing the last paper (which uses 2016 data) to this updated paper (using 2017 data) indicates there is a net increase of industrial zoned land supply within the Sydney Metropolitan Region, however a decrease in the total area of available land yet to be developed (i.e. undeveloped zoned land) – a decrease of around 113 hectares.
Industrial zoned land (IN1, IN2, IN3) in Sydney as at 2017 = 12,308 hectares 123 hectares Industrial zoned land (IN1, IN2, IN3) in Sydney as at 2016 = 12,185 hectares
Business zoned land (B5, B6, B7) in Sydney as at 2017 = 2,792 hectares 205 hectares Business zoned land (B5, B6, B7) in Sydney as at 2017 = 2,587 hectares
Between 2016 and 2017, there has been a net increase of 123 hectares of industrial zoned land – mainly due to rezonings. Over 200 hectares of industrial land was gained as a result of rezoning for industrial uses in 2016, including Moorebank (157 ha), Mamre West in Penrith (47 ha), and Cudgegong Road Station in Blacktown (28 ha). Over the same period, just over 60 hectares of employment land was lost due to rezonings to alternate use – particularly within the North West, Central West, South, and North sub-markets. According to the NSW Government Planning and Environment’s Employment Land Development Monitor there is a greater concentration of industrial zoned land (developed and undeveloped) within the North West and South West sub-markets (representing a combined 59 per cent of the total Sydney Metropolitan Area). The North and Inner West sub-markets’ share of industrial zoned land is only 3 per cent and 4 per cent, respectively.
Sub-Market Defined Map