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.
SALES
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.
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.
Cory Hoy
Sales & Leasing Executive
0421 004 484
cory.hoy@raywhite.com
LEASES
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.
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.
Fraser Martin
Sales & Leasing Executive 0423 273 438
fraser.martin@raywhite.com
2025 is shaping up to be a huge year in Coolum Industrial. With most new developments completed by midyear. Talk of interest rate cuts should ramp up in early 2025, bringing the fence-sitters and investors who last purchased in 2021/2022 back into the fray. While we don’t have a crystal ball, the signs are all there for the long term growth for Coolum industrial properties and the greater Sunshine Coast region anchored by strong population growth.
TO 2023 COMPARISON
Uncover the 2025 value of your commercial property, book your appraisal today and get ahead of the market! (Click/Scan the QR code or contact us directly)
3/41 DACMAR ROAD
Size: 200m2
Price: $852,000
Price/m²: $4,260
2/27 LYSAGHT STREET
Size: 177m2
Price: $775,000
Price/m²: $4,379
Size: 245m2
Price: $986,000
Price/m²: $4,024
Size: 195m2
Price: $800,000 Price/m²: $4,103
Size: 140m2
Price: $5490,000 Price/m²: $4,214
Size: 2,007m2 Price: $1,760,000
Size: 220m2
Price: $1,000,000
Price/m²: $4,545
Size: 133m2
Price: $594,000 Price/m²: $4,466