Brisbane City Council has released a draft strategy to address evolving planning issues in the industrial precincts of the inner-city and growth corridors.
The proposed plan would allow multi-storey, co-located industrial and residential mixed-use developments in urban enterprise areas in the inner-city including Albion, Newstead, Bowen Hills, East Brisbane, Woolloongabba and Milton.
It would also facilitate the rezoning of land near major industrial precincts, including the Australian Trade Coast and Port of Brisbane, and provide increased amenity and connectivity within these areas.
The Our Productive City: Brisbane’s Industrial Future report outlines the need to maximise industrial land and ensure the evolution of precincts to allow for diversity of jobs, services and facilities.
According to the report, the industrial sector will be worth $22 billion to Brisbane’s gross regional product and employ 13 per cent of the city’s workforce by 2041.
“[It] combines industry feedback and the council’s current policy of sustaining industrial land supply to provide a framework which will enable industrial precincts to evolve,” the report stated.
“In the future, Brisbane’s industrial precincts will be great places with diverse jobs, services and facilities that fit comfortably within the landscape of our city.”
The evolution of inner-city urban enterprise areas (UEAs) would include multi-storey buildings which would host industrial and other businesses, and buildings would be “interesting places to conduct business, live and visit”.
The UEAs would accommodate a variety of industrial activities including niche manufacturing, high-tech spaces that leveraged Brisbane’s Knowledge Corridor, automated warehouses, and population and business services.
There has been a surge in demand for industrial and logistics space to accommodate growing online consumer trends with a recent CBRE report indicating that nationally an additional 500,000sq m of space would be required every year for the next five years.
Last year e-commerce grew five times faster than its annual rate and now accounts for about 13 per cent of retail sales in Australia.
More new industrial and logistics space has come online in Brisbane in the past six months than anywhere else in Australia, with the city’s industrial vacancy rate at 2.9 per cent.
Community consultation on the draft strategy is open now until 16 August, 2021.
Article Source: www.theurbandeveloper.com