0036 GMT - Citi is confident that demand for high-quality industrial property and warehouses in Australia will continue to grow. It points out that vacancy rates for industrial property are below 5%, which is among the lowest worldwide. Analyst Howard Penny identifies several tailwinds for the sector. They include the growth in global trade, expanding populations consuming more, the development of supply chains and an increased need for cold storage. Citi thinks demand growth will outpace new supply of industrial property through 2030. It has buy calls on industrial property owners including Goodman, GPT and Stockland. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
June 02, 2025 20:36 ET (00:36 GMT)
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