Industrial and warehousing land around the Fisherman's Bend precinct has been growing more valuable over the years. Rents in Melbourne's industrial precincts have soared 22-24 per cent in the past year and are forecast to surge as much as 13 per cent more this year. And with vacancy rates for some aspects of the industrial sector as low as 1 per cent, rising rents are expected to impact online shoppers. After high demand in 2022 fuelled by a boom in e-commerce, organisations that often support online shopping including transport, postal and warehouse operators have accounted for 71 per cent of leases in the city's warehousing hubs so far in 2023.

https://www.realcommercial.com.au/news/rents-are-forecast-to-jump-13-per-cent-this-year-for-certain-melbourne-properties

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