Big deals on industrial property show this sector continues to perform well in Townsville as lack of supply and a slow rate of approvals from councils help send prices towards $250 a metre.

Australian privately owned developer Urbex has gain expaned its commercial porfolio following yesterday's settlement of a $2.56m office building in the heart of Mackay.

Innovative national property developer Urbex's newest community, Kalynda Chase, is in high demand with sales approaching $48 million since its release in November 2005. Urbex Sales Manager, Vi Miller, said on average Kalynda Chase land releases sold out within a week of their release to the market.