Market Reports
Braeside & Surrounds Industrial Precinct – 2021 Market Report
August 19, 2021
Braeside Industrial Precinct
2021 Property Market Report
Braeside Industrial Precinct 2021 Property Market Report
Braeside Industrial Precinct – Set for More Growth!
While the Braeside Industrial Precinct and surrounding region has grown at a rapid pace in recent years, it is set for an exciting new expansion phase as the new Mordialloc Freeway approaches completion at the end of 2021.
As highlighted in Nichols Crowder’s latest Property Market Update for 2021, the Braeside Industrial Precinct and surrounds benefits from fantastic transport links to Melbourne’s South East, Dandenong, and the Mornington Peninsula. Growth has also been underpinned with the entry of Costco and other major retailers, in addition to the expansion around Moorabbin Airport.
Driven by population growth across surrounding suburbs, new and innovative businesses are moving into the area, trading side-by-side with many traditional manufacturing, wholesaling and construction companies. For example, while popular breweries Boatrocker and Wolf of the Willows have become local institutions, these are being complemented by other eating and drinking venues.
The Braeside Industrial Precinct Market Report for 2021 also shows how the value of industrial and commercial properties in the area has increased at a solid pace over the past six years, while the size of these buildings reduces.