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Market Analysis - Demand for Small Industrial Units in Noosaville
Level 5, 57 The Esplanade PO Box 796 MAIN +61 7 5478 3788
Cotton Tree QLD 4558 Cotton Tree QLD 4558 FAX +61 7 5443 5982
www.colliers.com.au MOB +61 468 495 640
EMAIL [email protected]
16 December 2024
Aboda Design Group Pty Ltd
L2 1794 David Low Way
Coolum Beach QLD 4573
Dear Lee,
Re: Market analysis: Industrial Strata Units- Noosaville
Over the past 15 years Colliers have been arguably the most active selling and leasing agency within
the Noosaville industrial market. We have been involved in selling parts of the industrial precinct at
‘greenfield’ stage to selling off lots within a land subdivision then finally leasing and selling down smaller
warehouse units in the end development.
Over time and especially post COVID we have seen a spike in demand for smaller warehouses in the
40sqm – 130sqm range. This demand is predominantly coming from owner occupiers with small
businesses, local investors seeking passive bricks and mortar investments. Evidence of this can be seen
in the pre-sales achieved in The Precinct development at 58 Rene Street, Noosaville (See attached
annexure A), as well as below recent sales.
Address Size
8/3 Commerce Court, 50sqm
Noosaville
24/64 Gateway Drive, 76sqm
Noosaville
Unit 11, Lot 5/11 Rene Street, 78sqm
Noosaville
Colliers International (Sunshine Coast) Pty Ltd | ABN 73 599 247 155
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Conclusion
Since COVID we have seen a sharp increase in people looking to start up new businesses within the
Noosa shire and a large percentage of their uses include an industrial element requiring a warehouse
component to run their business from. Unfortunately, due to Noosa’s small Industrial zones, property
has become extremely tightly held resulting in very little further development.
As a result, we are losing businesses to the Coolum Industrial Estate where there is ample stock
available at more affordable prices. Smaller units in Noosa are providing an entry level option for buyers
who want to stay living and working in Noosa.
Yours sincerely
Colliers
Jesse Howitt
Senior Executive – Commercial Sales & Leasing
Mobile: 0468 495 640
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Annexure A: THE PRECINCT Ory lies Pricelist NOOSAVILLE foes eho a mee Ss pace Mit . . Warehouse 1 98 41 Ground 2 $1,120,000 Warehouse 2 97 41 Ground 2 Sold Warehouse 3 97 41 Ground 2 Reserved Warehouse 4 97 41 Ground 2 Sold Warehouse 5 97 41 Ground = Reserved Warehouse 6 143 56 Ground 2 $1,435,000 Warehouse 7 83 45 Ground 2 $1,025,000 Warehouse 8 100 34+11" Ground 2 $1,075,000 Studio Warehouse 1 57 33 90 Ground Shared $700,000 Studio Warehouse 2 51 30 81 Ground Shared Reserved Studio Warehouse 3 56 34 90 Ground Shared $700,000 Studio Warehouse 4 53 32 85 Ground Shared Sold Studio Warehouse 5 53 32 85 Ground Shared Sold Studio Warehouse 6 63 42 105 Ground Shared Sold Micro Warehouse 1 83 0 83 Lower Shared $595,000 Micro Warehouse 2 58 0 58 Lower Shared $395,000 Micro Warehouse 3 58 oO 58 Lower Shared $395,000 Micro Warehouse 4 58 oO 58 Lower Shared $395,000 Micro Warehouse 5 59 oO 59 Lower Shared Reserved Micro Warehouse 6 112 oO 112 Lower Shared $750,000 Micro Warehouse 7 44 oO 44 Lower Shared Reserved Micro Warehouse 8 43 0 43 Lower Shared Sold Micro Warehouse 9 70 0 70 Lower Shared $495,000 Micro Warehouse 10 46 oO 46 Lower Shared $350,000 Micro Warehouse 11 45 oO 45 Lower Shared $345,000 Micro Warehouse 12 45 0 45 Lower Shared $345,000 Micro Warehouse 13 49 oO 49 Lower Shared $370,000 Micro Warehouse 14 82 oO 82 Lower Shared $615,000 Micro Warehouse 15 75 oO 75 Lower Shared $560,000 Micro Warehouse 16 64 oO 64 Lower Shared $470,000 Micro Warehouse 17 67 oO 67 Lower Shared $500,000 Accelerating success.