For most of the past decade, industrial property valuation followed a simple logic: proximity to transport corridors, ports and population centres determined rent, and rent determined value. That logic is no longer holding. Power — not proximity — is increasingly the scarce input, as data-centre and AI-compute demand competes for the same high-capacity grid connections that logistics and manufacturing tenants have always taken for granted. At the same time, the electricity network that underpins every industrial site and every household is undergoing its own structural repricing, as ageing thermal generation retires, distributed solar erodes the volumetric base that funds network costs, and mega-scale renewable and transmission projects reshape land value in regional Australia.

The briefs in this hub examine both halves of that convergence: how industrial and logistics property is being valued, leased and built under land-use and solvency pressure, and how the National Electricity Market’s pricing mechanics are shifting cost and risk across different classes of energy user and asset owner.

The same underlying principle — that the delivery of major infrastructure can trigger a discrete, structural repricing event in property values — also shows up beyond energy and logistics. The brief below examines it through Melbourne’s Metro Tunnel, where transit access rather than power or land-use competition is the driver.