Commercial, industrial and retail areas are key sites for jobs growth and development. This activity has direct and indirect economic benefits for the surrounding community.
Industrial lands are areas that contain a variety of land uses, including major freight and logistics, heavy manufacturing, light industry, urban services and new economy or creative uses. These industries generate significant economies and investments for the state and are essential to the effective functioning of urban areas.
Analysis of 2019 ABS data shows that the highest value of industrial development approvals have occurred in Metropolitan Sydney and were located within the Central and Western City Districts. The industrial report also contains commentary on the demand for industrial property over the first half of 2020 based on property analysts’ reports, with the impacts of COVID-19 yet to be fully considered on the market.
View the full industrial report (PDF, 132 KB).
Commercial centres are areas of employment opportunities and are important for job growth. They are also central to Greater Sydney’s global competitiveness now and into the future. This overview section focuses on traditional commercial office activity in the Sydney CBD and larger suburban centres rather than Business Parks that are purpose built office parks located away from centres.
Analysis of 2019 ABS data shows that highest value of commercial approvals occurred in Metropolitan Sydney and were located within the Eastern City District. The commercial report also contains commentary on the demand for commercial property over early 2020 based on property analysts’ reports, with the impacts of COVID-19 yet to be fully considered on the market.
Download the full commercial report (PDF, 135 KB).
The retail sector serves an important role in the community. It allows consumers access to a wide range of goods and services as well as allowing for price comparisons. The retail industry is also important to the economy through the high volume of transactions and the number of workers employed in this sector, across the State.
Analysis of 2019 ABS data shows that Metropolitan Sydney contained the highest value of retail development approvals and were located within the Eastern City District. The retail report also contains commentary on the demand for retail property given structural changes in the sector, the impact of COVID-19 and the macroeconomic environment.
Download the full retail report (PDF, 135 KB).
Page last updated: 08/02/2021