Booming small businesses seek out commercial precinct

28 May 2021

investLogan’s Wayne Goss Drive mixed business precinct has reached completion this week, delivering much needed commercial and industrial space to the rapidly growing local small business sector.

Research by Australian Securities and Investments Commission (ASIC) has shown that recovery from the COVID-19 pandemic has sparked a new wave of entrepreneurship, with new company registrations in the year to April 2021 running at more than 25 per cent above the previous seven-year average.

investLogan Chair Steve Greenwood said the company had anticipated strong demand for the precinct from the outset.

“Prior to completion, 50 per cent of units we’re leased or sold, and there is now only three units remaining, really reiterating the need for well-positioned commercial and industrial stock,” Mr Greenwood said.

“The location and accessibility of the precinct play a big drawcard, with the proximity to Logan motorway and other main roads a requisite for many commercial and industrial companies.

“We understand that there are many small businesses within Logan, which are expanding, and we are pleased to be able to play a role in supporting their growth.

“For local small businesses who didn’t think owning or leasing a commercial or industrial space was possible, we’ve delivered an offering that is suitable in terms of budget, location and amenity.”

One expanding business who has moved their operations from their garage into the Wayne Goss Drive precinct is Short Stack Printing, a wholesale phone and printing company.

Short Stack Printing Director Trent Morrison-Francis said the business saw orders increase by 100 per cent during COVID-19 and required a bigger space to be able to keep up with the demand.

“We used to work from our garage and had equipment taking over our lounge room, but we’ve grown so much over the last 12-months so needed to find a warehouse to work from,” Mr Morrison-Francis said.

“Previously working from our garage and lounge room made it difficult to meet with customers, but the warehouse has an office and meeting room upstairs which has made customer service more streamlined.

“There was a huge shift in supporting and buying local during the pandemic and although once upon a time we did outsource, everything we do now is done in house. We even have Australian Made certification which we’re extremely proud of.”

Another rapidly growing small business that has made the move from their garage into the Wayne Goss Drive precinct is Envious Customz, whose growth over the last 12-months sparked the need for a larger, more practical place for business operations.

With small business accounting for over 98 per cent of businesses in Queensland and powering regional development, small business contribution is imperative to the economy, as is the support they receive from their local communities and Council.

Following the rapid growth of small businesses in the area, City of Logan Deputy Mayor Jon Raven said the completion of the mixed business units provides a stable and secure opportunity for business owners, as well as long-term commercial returns for the benefit of the ratepayers.

“There’s a growing demand for commercial and industrial space in Berrinba, following the recent completion of the $512 million Logan Enhancement Project, which significantly improved road connections in the area,” Cr Raven said.

“The city’s economy has been thriving since its completion, seeing more people move to the area, along with their succeeding businesses, and the Wayne Goss Drive precinct supports the region in catering to this growth.”

The precinct is situated in a highly visible site within the multi-award winning South West 1 Enterprise Estate, and adjacent to the Berrinba Central development where the first stage is set for completion by the end of 2021.