How is Keysborough keeping up with the times?

Did you know?

• Keysborough is located 27km south-east of Melbourne’s central business district, and it falls into the local government area of the City of Greater Dandenong.
• Keysborough was named after the Keys family who founded the town sometime after 1878.
• The middle portion of the suburb only began featuring industrial developments in the early 2000s.

Keysborough is a prominent suburb within the industrial property scene, as it is where a lot of new larger developments are currently being built. Over the past 5 years, the Keysborough market and its increasing popularity have impacted other industrial areas throughout the Braeside/Mordialloc precinct.

Main roads running through Keysborough including the Dandenong Bypass, Cheltenham Road, Perry Road, and Braeside- Dandenong Rd, are some of the qualities of the Keysborough industrial market, as they create an abundance of access throughout the suburb.

The comeback of the Keysborough industrial market has been building over the past 5 years, but now with the road network improving further, more growth is expected. This comeback has also been strengthened by the new Frasers land subdivision and further speculative construction throughout the south-east suburbs.

Cold storage and dangerous goods driving demand for sheds @simonjohanson#commercialrealestatehttps://t.co/YwTscasWqs pic.twitter.com/Xu204IVi1O

— CommercialRealEstate (@CREAustralia) April 22, 2020

Keysborough was also one of the industrial areas that experienced record low vacancies during the coronavirus pandemic, as a shortage for cold storage space and need for dangerous goods handling drove demand for sheds sky high throughout Melbourne’s south-east.

During 2020, Vincent Cold Storage took out a five-year lease on an 8655 sq m cold storage property in Keysborough, and it is suggested from past deals that industrial rents in Keysborough sit around $100 per sq, it is clear from this that industrial property in Keysborough is in high demand.

The suburb and industrial precinct will also benefit from a range of infrastructure projects being undertaken by the Victorian government, including transport infrastructure. The arterial road that connects the Mornington Peninsula freeway to the Dingley bypass, will improve access to the Dandenong South Employment and Innovation Cluster, which borders Keysborough, naturally extending access to the Keysborough industrial precinct. This will create an ever-stronger foundation for an already thriving industrial suburb, which will see further growth as new developments within Keysborough continue to take place.