2024 COOLUM INDUSTRIAL REVIEW
2024 saw the total number of industrial properties in Coolum Beach grow to over 700. It is fast becoming the Sunshine Coast’s most desirable industrial precinct. And it won’t slow down in 2025 with over 100 new sheds to be completed before the middle of the year. S ALES
LE A SE S
When compared to 2023, we’ve seen average time on market double (62 days vs 126 days), and a halving of total sales transactions (32 vs 61). Despite this, prices have increased moderately with several vacant sheds selling for over $4,200/m2 in the second half of 2024.
There were 35 leasing transactions recorded in 2024, down from 48 in 2023. Time on market increased from 74 days to 101 days and the average per m2 lease price increased slightly from $169/m2 to $174/m2.
If you’re looking to sell and can hold out for the right price, you’re in a good position. With the next release of industrial land not coming until at least 2026, and completed projects no earlier than 2027, we expect scarcity to take over in late 2025, raising the value of all industrial properties across the Sunshine Coast.
Our advice to owners looking for a new tenant is simple – advertise as early as possible. Start the conversation with your tenants 6 months before the lease is due to end. If they will not be renewing or exercising their option, we suggest advertising the property 3 months before the tenants are due to move out to minimise chances of the property sitting vacant while you pay the outgoings.
Cory Hoy
Fraser Martin
Sales & Leasing Executive
Sales & Leasing Executive
0421 004 484
0423 273 438
cory.hoy@raywhite.com
fraser.martin@raywhite.com
raywhitecommercialncg.com