Industrial property in Western Sydney remains in high demand, with government projects resulting in the relocation of businesses and industries within the path of the Sydney Metro West Rail.
The $10.4 billion NSW Government mega rail project will reduce travel times between Parramatta and Sydney CBD, creating an additional 7000 jobs.
Colliers has recently assisted with the movement of heavy equipment manufacturer, Manitou Australia, who will relocate their operations from Rosehill due to the rail project. Manitou have secured a suitable site at nearby 10 Carter street Lidcombe.
The property features a freestanding corporate style office and warehouse facility and is strategically located where immediate access is available to the M4 Motorway and Centenary Drive, direct feeder roads to all points of metropolitan Sydney.
Manitou has commitment to the 5-year lease over the 4,984 sqm office and warehouse facility.
“The Manitou deal reflects the need for some industries to position their operations east of Parramatta and with close access to the M4 Motorway,” Tony Durante, National Director, Industrial at Colliers, who negotiated the Manitou deal said.
The huge take-up of vacant Industrial buildings in late 2020 has created an acute shortage of industrial stock across Sydney’ west. “Low supply levels have created favorable leasing conditions for landlords with vacancies,” Tony Durante commented
A number of large corporates and smaller private businesses that are being displaced due government property acquisitions for the rail project are continuing to comb the market for alternate premises. This comes at a time when Sydney has a very low supply of available industrial sites.