Frasers posts 100% occupancy rate after Amazon lease in Q4

The firm completed 122,554 sqm of leasing.

Frasers Logistics & Industrial Trust (FLT) has recorded a 100% occupancy rate as Amazon signed a lease for the end of Q4 2019.

For FY2019, FLT completed 122,554 sqm of leasing, representing 5.5% of gross lettable area and 91.2% tenant retention rate with an average reversion of -3.8% as portfolio rents continued to surge above-market rents.

The demand-supply dynamics remain supportive with take-up levels of c.2.3 million sqm above the new supply of c.1.3 million sqm. Vacancy rates are at a five-year low in Sydney, Melbourne, and Brisbane.

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