South-east Queensland is experiencing a shortage of ‘mega shed’ sites, according to Savills.
Steve de Nys, Savills Queensland joint head of industrial, says retailers, manufacturers and logistics chains consider Brisbane a critical distribution hub – which has seen unprecedented development of 50,000 plus sqm facilities in the region.
“Mega sheds need mega blocks of land zoned appropriately for industrial facilities, and mega blocks of development-ready industrial land simply don’t exist in SEQ at the moment,” de Nys says.
“In previous years, mega-blocks have rarely been developed speculatively. In most previous developments, the site and the building were developed to suit the occupiers’ requirements, usually with a planning, development and approval period of 12-18 months,” he says.
“But, there has never been this much pent-up demand in the market from logistics, distribution and manufacturing supply chains. We can see this in practice along the Logan Motorway where in excess of 80 hectares of industrial land has been absorbed over the last two years.”
De Nys says the planned release of land at Ebenezer is delayed indefinitely, and large tracts of land at Pinkenba are ‘locked up for years to come’, meaning there’s no pipeline of large industrial sites.
Savills says it is calling on the new State Government to fast-track planning and enable the development of sites at Pinkenba and Ebenezer to occur within a feasible timeframe.
