The development of Wellcamp industrial estate is so far having little impact on demand for industrial properties in Toowoomba, according to a property expert.
Herron Todd White Darling Downs director Ian Douglas, writing in the company’s latest Month in Review report, says the Toowoomba industrial market is performing strongly with in line with recent years with strong demand and limited supply.
“The developing industrial estates in the Charlton Wellcamp area to the west of Toowoomba have continued to see strong occupation but do not appear to have had a significant impact on vacancies within the city with demand exceeding supply of vacant industrial properties,’’ he said.
“The impact of these moves may become more apparent moving into the last six months of 2025.”
Mr Douglas said Toowoomba’s industrial market was largely being influenced by growth in the region’s manufacturing, e-commerce and agricultural sectors.
“Strong economic conditions from 2024 have continued locally in 2025 and have resulted in continued demand for good quality properties,’’ he said.
“There has been minimal speculative development of industrial property over the past two to three years.
“Activity is generally restricted to refurbishment of small industrial tenancies to attract tenants but activity in this sector remains limited.
“Most of the new construction activity has been driven by owner-occupiers who have outgrown existing premises and have developed or plan to develop new premises in developing industrial estates in the Charlton Wellcamp area to the west of Toowoomba.”
Mr Douglas said there were no current industrial subdivisions for sale within Toowoomba and the high costs to develop, a lack of suitable sites and planning restrictions remained hurdles to development.