Industrial boom: Sunshine Coast land in hot demand
Industrial boom: Sunshine Coast land in hot demand
Business is booming on the Sunshine Coast, with the upcoming release of new lots at one of the Coast’s biggest industrial parks set to fuel further interest in 2023.
Economic Development Queensland (EDQ) is developing Stage 2 of the Sunshine Coast Industrial Park to meet strong demand from industry for new land while boosting the local economy and jobs.
This fast-growing regional city is poised for industrial investment – and with new land coming to market in late 2023, activity is expected to ramp up.
Prime industrial site
EDQ figures show the Sunshine Coast dominated queries about its industrial estates across the state in the 12 months to 1 December 2022.
About one third of the 400-plus queries to the Queensland Government’s land use planning and development agency were for land in Caloundra, Coolum and Yandina.
The Sunshine Coast Industrial Park at Caloundra drew the most interest of any site.
Site works are under way for Stage 2, which is expected to create 100 jobs during construction and up to 1390 ongoing jobs after the new companies have moved in.
This second and final stage will release about 30 hectares of developed land, providing 41 industrial lots within a purpose-designed and built estate.
Ripe for investment
EDQ Acting General Manager Glenn Ziernik said the Sunshine Coast was an attractive location for companies setting up shop or looking for a new home to build up their business.
Ten lots spanning a total of 12.2 hectares have been sold across EDQ’s Coast industrial estates in 2022, representing about $20.7 million in sales.
It follows a nationwide surge in demand for industrial space during the pandemic.
Interest in the region is set to build as Stage 2 of the Caloundra project takes shape.
“A range of businesses are looking for opportunities to be part of this major hub, and we anticipate interest in the precinct will continue to build,” Mr Ziernik said.
“We are focused on generating opportunities for growth through projects that bring quality local jobs and deliver economic benefits for the region.”
Building new opportunities
EDQ’s industrial land across the state is located strategically for development and designed for a range of industrial uses.
“This offers opportunities for a diverse mix of companies – everything from transport, energy and renewables to aerospace or food production,” Mr Ziernik said.
“We are continuing to look for projects that will unlock industrial land, attract new business investment and generate jobs in Queensland.”
Last updated: 22 May 2023