The industrial property market in Logan, particularly in the Park Ridge area, is experiencing a significant upsurge, as noted by a local commercial property agent. Logan’s strategic location, availability of skilled labor, and cost-effectiveness are making it an attractive hub for industrial development, according to experts in the field.

One notable development that exemplifies this growth is a new warehouse complex situated on Belvedere Drive in Park Ridge. Colliers real estate agents have identified Park Ridge as one of the most coveted industrial markets in the region, with a high demand for its units. Various businesses, including e-commerce ventures, trade-related enterprises, light manufacturing, and automotive services, have shown keen interest in this complex.

Although the construction of the warehouse complex is still ongoing, 11 out of the total 21 units have already been sold, indicating a strong market demand for industrial spaces in the area. Mark Osmond, a local commercial agent from The Property Hub, emphasized the escalating demand for industrial land in Logan, particularly in areas like Berrinba and Crestmead, where land availability is becoming scarce.

Park Ridge, identified as an emerging community, has been a focal point for development activities, attracting attention from developers and investors. The area’s infrastructure development is also progressing in tandem with the rising demand for industrial properties. As highlighted by Mr. Osmond, investing in areas with ongoing development ensures quicker utilization of the land once essential amenities like water and sewerage systems are in place.

Nicholas Evans, the national director for industrial and logistics at Colliers, pointed out that Logan offers a more cost-effective option compared to other regions, making it an appealing choice for businesses seeking affordable industrial spaces. However, Mr. Osmond cautioned that the current trend of escalating prices for leasing and property sales might challenge this affordability factor in the future.

Rising construction costs, material prices, and increasing demand are pushing up property prices in the region, including both vacant land and existing industrial properties. This surge in pricing is also impacting older buildings, driving their market value upwards. The competitive industrial property market in Logan reflects the broader economic growth and development trends in the region.

In conclusion, the industrial property market in Park Ridge, Logan, is witnessing a robust expansion driven by factors such as strategic location, growing workforce, and competitive pricing. As demand continues to outstrip supply, the area is poised to become a thriving industrial hub, attracting businesses across various sectors seeking to establish their presence in this burgeoning market.