Business is booming on the Sunshine Coast, with Economic Development Queensland (EDQ) revealing the region as its industrial land hotspot for the year.
The upcoming release of 41 lots at one of the Coast’s biggest industrial parks is set to fuel further interest in 2023.
New EDQ figures show the Sunshine Coast dominated queries from companies about its industrial estates across the state in the 12 months to 1 December.
About one third (134) 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 – and with new land coming to market in late 2023, activity is expected to ramp up.
EDQ Acting General Manager Glenn Ziernik said the Sunshine Coast was poised for industrial investment.
“This fast-growing regional city is an attractive location for companies setting up shop or looking for a new home to build up their business,” Mr Ziernik said.
“That’s why we’re developing Stage 2 of the Sunshine Coast Industrial Park to meet strong demand from industry for new land and boost the local economy.
“This second and final stage will release about 30 hectares of developed land, providing 41 industrial lots within a purpose-designed and built estate.
“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.
“We are focused on generating opportunities for growth through projects that bring quality local jobs and deliver economic benefits for the region.”
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.
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.
EDQ has industrial land in more than dozen locations across Queensland. It 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.”
