100% Locally Owned, Independent and Free

100% Locally Owned, Independent and Free

'Rush at the gates': demand for industrial land on the Coast outstrips supply

Do you have a news tip? Click here to send to our news team.

Photo of the day: river paddle

These kayakers on the Maroochy River brought some colour to a very grey day, writes Sandy Gillis. If you have a photo of the day More

Fines issued as council continues blitz on illegal camping

More than a dozen fines have been issued as a local council continues to crack down on travellers who use public car parks as More

‘Classic’ motel making $465k annual profit on market

The sale of a Sunshine Coast motel with tropical gardens, an onsite residence and approval to grow is being described as an opportunity “that More

Photo of the day: bird’s-eye view

Lesley Evans photographed this Australian white Ibis streaking across the morning sun at Caloundra. If you have a photo of the day offering, email photo@sunshinecoastnews.com.au More.

New mayor outlines next steps after result confirmed

The new mayor of the Noosa Council has been confirmed, with deputy mayor Frank Wilkie to step up to the top job. The Electoral Commission More

Beach driving study starts as police issue Easter plea

Researchers are trying to find out why so many drivers of four-wheel-drives are flouting rules on beaches. The study, by the University of the Sunshine More

Industrial blocks is being snapped up so fast on the Sunshine Coast that the sector is asking ‘Where to next?’ as land runs out.

Soon stage two of the Sunshine Coast Industrial Park at Corbould Park will be released by Economic Development Queensland (EDQ), but the first 70 hectares are mostly already sold, according to CBRE director Glen Grimish.

“There will be another 40 or 50 hectares coming online probably towards the end of 2022,” Mr Grimish said.

Experts are surprised by how rapidly industrial land sales have picked up in the past 18 months.

Mr Grimish doesn’t expect that to change with the release of the stage two development which he predicts will cause a “real rush at the gates” because of the strong demand.

Help keep independent and fair Sunshine Coast news coming by subscribing to our free daily news feed. All it requires is your name and email. See SUBSCRIBE at the top of this article

To manage the land demand in the medium to longer term, Mr Grimish predicts the EDQ’s second development at Coolum could come online in the next two to three years.

Once both the second stages of Corbould Park and Coolum are on the market there is a big question for the Sunshine Coast Council to answer.

“Everyone in commercial property sector are saying to council, ‘Where to next?’,” Mr Grimish said.

“We have a lot of pent-up demand, no supply, people are chomping at the bit to get a foothold.”

About 70 per cent of the demand from the low-to-high impact industrial sector is coming from owner-occupiers such as existing businesses ready to expand.

There are also investors who are looking for land to develop for tenants that are already on their books and about a 10 per cent demand from people wanting to ‘land bank’, Mr Grimish said.

“There is a real need and desire to keep local businesses growing in the local market because it creates employment and activity,” he said.

What is needed is vacant land sized 2000 metres to one hectare for local manufacturers, e-commerce operators and transport, which are all growing.

“Somewhere along the Bruce Highway corridor is probably where they are going to have to be looking,” Mr Grimish said.

“We have Beerwah East, which is on the western side of the highway between the highway and Beerwah and will come online, but that is years away; it could be five to 10 years.”

Towards the end of this year, Mr Grimish said there should be new land release news from the council.

[scn_go_back_button] Return Home

Subscribe to SCN’s daily news email

This field is for validation purposes and should be left unchanged.