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Industrial and Other Property Operators in Australia - Market Research Report (2014-2029)

Nicholas Larter Nicholas Larter Melbourne, Australia Last Updated: December 2024 ANZSIC L6712c

Revenue

$19.3bn

2024-25

$19.3bn

Past 5-Year Growth

Profit

$X.Xbn

Employees

26,125

Businesses

29,796

Wages

$XXX.Xm

Industrial and Other Property Operators in Australia industry analysis

Over the past two years, industrial property operators have suffered from reduced total merchandise imports and exports. However, expansions in business inventories have helped the industry and growth in online shopping popularity has propped up demand for industrial properties, particularly warehouses and logistics buildings. Forecasts estimate industry revenue to climb at an annualised 23.2% for the five years through 2024-25 to $19.3 billion. Notably, this growth rate is relative to a low base year in 2019-20. This year saw negotiated lease agreements meant to accommodate the pandemic-era economic landscape. More recently, climbing interest rates have justified higher rental prices, which have helped swell revenue compared to the 2019-20 financial year. More recently, the industry has fallen in revenue, recording a 3.9% slump in 2024-25.

Trends and Insights

  • Rising merchandise trade and growing business inventories have fuelled demand for transport and logistics facilities. An economic rebound from supply chain disruptions has spiked activity in transport and logistics industries.
  • Warehouse and distribution centres have buoyed the industry in recent years. Border closures and online shopping trends have heightened this product segment's contribution to the industry.
  • Industrial and other property operators find more business in metropolitan regions. Property activity is higher in major cities, and this land is more in-demand and lucrative.
  • Operators with strong financial backing are better able to commit resources to analyse market conditions and identify market opportunities. This backing allows them the ability to acquire or develop quality high-valued properties in prime locations and secure major corporate tenants.

Access hundreds of analysis and data

  • Market estimates from 2014-2029
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 2.3 % over the past five years, to reach an estimated $19.3bn in 2024.

Trends and Insights

Demand for industry operators has flourished on the back of downstream activity

  • Geopolitical tensions have compounded global supply chain disruptions alongside increasing energy costs. These factors have highlighted the need for companies to manage logistics and warehousing domestically and efficiently.
  • Additional trends and insights available with purchase
Industrial and Other Property Operators in Australia
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Investment in industrial property will be favourable during global economic struggles

  • Inflation has been slowing in Australia, prompting the Reserve Bank to keep interest rates steady for the last six meetings. This bodes well for future investment and will encourage businesses to commit to new projects, both building new locations and expanding existing operations that require further industrial buildings.

Biggest companies in the Industrial and Other Property Operators in Australia

Company
Market Share (%)
2025
Revenue ($m)
2025
Frasers Property Australia
330.9
Centuria Capital Limited
250.4
Goodman
182.7

To view the market share and analysis for all 3 top companies in this industry, view purchase options.

Products & Services Segmentation

Industrial and Other Property Operators in Australia
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Secondary production buildings, Warehouses and Agriculture and aquaculture buildings operation. Secondary production buildings is the largest segment of the Industrial and Other Property Operators in Australia.

Trends and Insights

Warehouses and distribution centres have been beholden to online shopping trends

  • The popularity of online shopping has been both an opportunity and a threat for warehouse and distribution centre operators.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

Industry operators primarily lease industrial and other commercial property (excluding office and retail property).

What's included in this industry?

Secondary production buildings and factories operationWarehouses and distribution centres operationAgriculture and aquaculture buildings operationLogistics centres operationSelf-storage facilities operationMineral and ore facilities operation

Companies

Frasers Property AustraliaCenturia Capital LimitedGoodman

Purchase this report to view all 3 major companies in this industry.

Related Terms

VACANCY RATERENTAL YIELDRENTAL INCOMEFOREIGN INVESTMENT REVIEW BOARD (FIRB)REAL ESTATE INVESTMENT TRUST (REIT)

Industry Code

ANZSIC 2006

ANZSIC 6712 - Industrial and Other Property Operators in Australia

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Rising merchandise trade and growing business inventories have fuelled demand for transport and logistics facilities. An economic rebound from supply chain disruptions has sp...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Warehouse and distribution centres have buoyed the industry in recent years. Border closures and online shopping trends have heightened this product segment's contribution to...

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

Industrial and other property operators find more business in metropolitan regions. Property activity is higher in major cities, and this land is more in-demand and lucrative...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Operators with strong financial backing are better able to commit resources to analyse market conditions and identify market opportunities. This backing allows them the abili...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

Most operators have small portfolios of only one or a few properties, meaning the industry lacks major players. Nevertheless, well-known companies with larger and more valuab...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of Frasers Property Australia's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Centuria Capital Limited's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Goodman's performance by revenue, market share and profit margin from 2018 through 2024

Detailed analysis

  • Description and key data for Frasers Property Australia, and factors influencing its performance in the industry
  • Description and key data for Centuria Capital Limited, and factors influencing its performance in the industry
  • Description and key data for Goodman, and factors influencing its performance in the industry

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

Industrial and other property operators are subject to stringent regulations, aimed at protecting tenants and enforcing local zoning laws. Contracts can involve large transac...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029) 
  • Assistance historical data and forecast (2014-2029) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

The major costs for industrial property operators are acquisition costs. Massive capital investment is required to purchase, develop and maintain property.

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Industrial and Other Property Operators industry in Australia in 2024?

The market size of the Industrial and Other Property Operators industry in Australia is $19.3bn in 2024.

How many businesses are there in the Industrial and Other Property Operators in Australia industry in 2024?

There are 29,796 businesses in the Industrial and Other Property Operators industry in Australia, which has grown at a CAGR of 2.6 % between 2019 and 2024.

Has the Industrial and Other Property Operators industry in Australia grown or declined over the past 5 years?

The market size of the Industrial and Other Property Operators industry in Australia has been growing at a CAGR of 2.3 % between 2019 and 2024.

What is the forecast growth of the Industrial and Other Property Operators industry in Australia over the next 5 years?

Over the next five years, the Industrial and Other Property Operators industry in Australia is expected to grow.

What are the biggest companies in the Industrial and Other Property Operators market in Australia?

The biggest companies operating in the Industrial and Other Property Operators market in Australia are Frasers Property Australia, Centuria Capital Limited and Goodman

What does the Industrial and Other Property Operators in Australia include?

Secondary production buildings and factories operation and Warehouses and distribution centres operation are part of the Industrial and Other Property Operators industry.

Which companies have the highest market share in the Industrial and Other Property Operators in Australia?

The company holding the most market share in Australia is Frasers Property Australia.

How competitive is the Industrial and Other Property Operators industry in Australia?

The level of competition is high and steady in the Industrial and Other Property Operators industry in Australia.

Related Industries

Widen your competitive advantage with related industries

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Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in Australia include:

  • Australian Bureau of Statistics
  • Australian Taxation Office
  • Australian Securities & Investments Commission

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

Learn more about our methodology and data sourcing on the Help Center.