A record-breaking industrial property sale in Varsity Lakes has underscored the ongoing intensity of the Gold Coast’s commercial real estate market, with demand for small, functional industrial sites showing no signs of easing.
A 447sqm warehouse at 6 Rina Court sold for $2.71 million on March 19, achieving an estimated $6,062 per square metre, a new benchmark for the precinct and a clear indicator of tightening supply.
The property attracted 122 enquiries, reflecting strong competition among buyers chasing sub-$5 million industrial assets in tightly held locations.
Agents say the result highlights a broader shortage of affordable industrial land across the Gold Coast, particularly sites suited to owner-occupiers in transport, trade and logistics sectors.
The buyer, a business owner seeking operational space rather than leasing, reportedly viewed the property as a highly functional long-term asset, with one agent describing it as a “Taj Mahal” for their business needs.
The sale adds to a growing trend of premium pricing in the region’s industrial corridor, where strategic positioning and limited availability continue to drive aggressive competition.
Industry observers say the result reinforces expectations that industrial values will remain elevated as demand continues to outpace supply across key Gold Coast precincts.