In 2024, one square meter of greenfield land cost an average of ***** Australian dollars in Sydney, marking an increase of over 100 Australian dollars from the previous year. Sydney has one of the highest land price rates for greenfield development in Australia.

In 2024, Sydney had the highest price per square meter of land across major cities in Australia. Lot buyers expected to pay a premium of ***** Australian dollars per square meter in the capital of New South Wales. Conversely, lot buyers in Adelaide expected to spend around *** Australian dollars per square meter of land. Prices through the roof Over the past decade, the surge in land and housing costs has been attributed to rapid population growth, driving up median prices for property and land, particularly in cities. In Sydney, the per square meter price of land has almost tripled since 2010, while the number of new property listings has declined over the years. A shortage of residential land available to build on has exacerbated the housing affordability crisis in Australia. Will lending rates continue to climb? The homeownership dream is out of reach for the average Australian without a housing loan. Nevertheless, Australia's high mortgage interest rates for both owner-occupiers and investors have impacted current and aspiring mortgage holders, with the value of household lending trending downwards over the past two years. While rates remained high in the first half of 2024, they likely reached their peak, as shown by the gradual plateau in the second half of the year. This stabilization should, in turn, accelerate buying, selling, and lending activities.

In the first quarter of 2025, the average net face rent of industrial property in New South Wales was around *** Australian dollars per square meter. In comparison, the average net face rent of industrial property in Victoria was around *** Australian dollars per square meter.

The central business district in Sydney had the highest average capital value of office property in Australia in the second quarter of 2021 with an average capital value of ****** Australian dollars per square meter. The central business district in Melbourne had an average capital value of office property of ****** Australian dollars per square meter in Australia.

South Sydney had the highest average land value of industrial property with a value of ***** Australian dollars per square meter in Australia. City Fringe Melbourne had the second highest average land value of industrial property with a value of ***** Australian dollars per square meter.

The central business district in New South Wales had the highest average net face rent for prime office property in Australia in the first quarter of 2025, with an average rent of ***** Australian dollars per square meter. In comparison, Victoria's CBD had an average net face rent of *** Australian dollars per square meter of office property.

The self-storage market, valued at approximately $XX million in 2025, is projected to experience robust growth, driven by several key factors. The rising urbanization trend globally, coupled with increased residential mobility and a growing preference for smaller living spaces, fuels the demand for convenient and secure storage solutions. The e-commerce boom also significantly contributes to the market's expansion, as businesses require warehousing space for inventory management and fulfillment. Furthermore, the increasing adoption of cloud-based storage solutions for digital data complements the growth of physical self-storage facilities, creating a diversified market landscape. The market is segmented by user type (personal and business), with both segments exhibiting substantial growth potential. The North American market, particularly the United States, currently dominates the global self-storage landscape due to high residential mobility rates and established infrastructure. However, emerging markets in Asia and Europe show promising growth trajectories, driven by increasing disposable incomes and changing lifestyles. Competition within the market is intense, with major players like U-Haul, Life Storage, and CubeSmart vying for market share through strategic acquisitions, technological advancements, and expansion into new geographical territories. While challenges such as fluctuating real estate prices and economic downturns exist, the long-term outlook for the self-storage market remains positive, projecting a Compound Annual Growth Rate (CAGR) of 3.65% from 2025 to 2033. Despite the positive outlook, certain restraints could impact market growth. These include increasing construction costs, stringent regulations related to environmental impact and zoning, and the potential for economic slowdowns impacting consumer spending. However, innovative solutions such as climate-controlled units, enhanced security features, and flexible lease terms are mitigating these challenges and driving customer acquisition. The ongoing development of specialized self-storage facilities catering to specific needs, like art storage or wine cellars, presents further growth opportunities. The market's resilience is also bolstered by the inherent inelasticity of demand for storage; individuals and businesses require storage solutions irrespective of minor economic fluctuations. The trend towards technology integration, such as online booking platforms and automated access systems, further streamlines operations and improves customer experience, contributing to market expansion. Recent developments include: In March 2024, Singapore's StorHub, a leading self-storage operator, entered the Australian market with the launch of StorHub Australia, supported by a USD 300 million equity commitment. StorHub's Australian platform begins with five properties in Sydney, Melbourne, and Canberra, featuring a combined gross floor area (GFA) of 56,210 square meters. These acquisitions enhance StorHub's presence in Australia and align with its pan-Asia growth strategy, adding 655,000 sq m to its portfolio across seven markets in the Asia-Pacific region., In February 2024, SecureSpace Self Storage announced opening a new self-storage facility, SecureSpace San Bernardino, located in San Bernardino, California. The self-storage facility has a proprietary high-security platform with artificial intelligence-enabled cameras and sensors offering state-of-the-art security and monitoring., In January 2024, Etude Capital, a company of self-storage facilities in the United States, and San Felipe Financing LLC, a private real estate entity, announced the launch of a Joint Venture, Etude Storage Partners, which would invest across the North American self-storage market.. Key drivers for this market are: Increased Urbanization Coupled with Smaller Living Spaces, Changing Business Practices and COVID-19 Consumer Behavior. Potential restraints include: Increased Urbanization Coupled with Smaller Living Spaces, Changing Business Practices and COVID-19 Consumer Behavior. Notable trends are: Personal Storage Segment is Expected to Hold Major Market Share.

Sydney was the markets with the highest rent for industrial and logistics real estate in the Asia-Pacific (APAC) region in the second half of 2023. Sydney had an average net asking rent of over ** U.S. dollars per square meter per month, * U.S. dollars above the average rent in the second-ranking market, Brisbane. Rents in India, on the other hand, were substantially lower. In Mumbai, Bangalore, and Delhi, the square meter rent was less than * U.S. dollar.

In the second quarter of 2021, South Sydney had the most expensive net face rent of industrial property in Australia with a net face rent of *** Australian dollars per square meter. The second highest net face rent was in Central West Sydney with a net face rent of *** Australian dollars per square meter.

The statistic shows the cost of rent of selected retail streets in Australia and New Zealand in 2014. In that year, the cost of rent to own retail in Pitt Street Mall (Sydney, Australia) was about 732 U.S. dollars per square foot.

In the second quarter of 2021, South Sydney had the highest average capital value of industrial property with a value of ***** Australian dollars per square meter in Australia. Overall, Sydney had the highest average capital value of industrial property per square meter compared to all other states.

In a comparison of selected cities worldwide, New York had the highest costs for the construction of a multi-unit high-rise building in 2023. That year, such a project cost on average ***** U.S. dollars per square meter in New York, but just *** U.S. dollars per square meter in Kuala Lumpur. Sydney, London, San Francisco, and Los Angeles were also among the most expensive cities too.