Cushman & Wakefield has bolstered its industrial and logistics capabilities in Western Australia after appointing a team to be led by Nick Goodridge. 

Goodridge, the new National Director and Head of Industrial and Logistics, Western Australia, will work alongside Alec DiLollo and Emma Quill as Executives, Brokerage WA, and Melissa Haines as Team Coordinator. 

The new state head has over 20 years of experience in the WA market and is a highly reputed leader in the WA industrial market with long standing, high valued relationships across the country.  

Having spent the past seven years curating a leading WA Industrial team, Goodridge said his team’s ability to offer clients a stable, highly experienced and diverse service offering was irreplaceable in the current market.  

According to Tony Iuliano, Cushman & Wakefield’s International Director, Head of Industrial & Logistics – ANZ, the past three years has seen record investment volumes into WA by institutional capital, resulting in a ‘changing of the guard’ in terms of the underlying ownership structures in the WA market.  

“Despite global economic headwinds, WA is ideally placed to counter attack any challenges thanks to its strong local economy, which is outperforming most global economies, predominantly due to its booming resources market and support industries servicing this sector,” Iuliano said.   

”This trend requires a more adaptive and nationally integrated brokerage model on the ground to service the sustained demand whilst also assisting in executing the respective investment strategies, both from our local based investors and managers, as well as inbound capital from the APAC region.” 

Goodridge said that the record year-on-year demand seen in the market over the past 24 months showed no signs of slowing down and would continue to surge through 2023. 

“The parity between low vacancy and limited land supply will continue to constrain future supply, which will hamper occupier activity, but also trigger pre-lease strategies from tenants,” he said. 

“Rental growth will be the story again in 2023, particularly for prime grade assets, with logistics occupiers set to dominate the demand pool, and landlords with existing and speculative opportunities set to significantly benefit.” 

Image: Digby Sutherland, Melissa Haines, Alec Di Lollo, Nick Goodridge, Emma Quill and Mark Clapham.