ABSTRACT
Industrial property, now also commonly now referred to as Industrial & Logistics (I&L) property, is an important and essential part of any economy. I&L property is used for a vast array of purposes, with some of the more common uses including manufacturing of goods (i.e. furniture, food, medical products), warehousing (i.e. short- or long-term palletised storage of products prior to dispatch) and transport (i.e. freight moved from one destination to the next). Owner occupiers, as the name suggest, occupy the property for their intended use. Manufacturers are generally the most likely to owner occupy a property which is partly explained by the substantial amount of plant and machinery they invest in the building and hence their preference to have full control of the asset. In Australia, pricing/values for I&L property has continued to rise since the Global Financial Crisis, for most capital cities.
