Adelaide
One of the top ten most liveable cities in the world
Our small team of senior valuers servicing the Adelaide area have provided their expertise for key assignments including:
– Development of 16-storey hotel and retail precinct
– Commercial redevelopment for retail centre
Adelaide CBD office net effective rents experienced modest growth over the year, supported by consistent tenant demand, while net incentives gradually tapered. As of Q4 2024, the average net effective rent reached $317 per sqm per annum for prime grade offices and remained at $199 per sqm per annum for secondary grade offices. Adelaide’s industrial take-up volumes for 2024 reached almost 145,000 sqm, driven more recently by deal activity within the Inner North submarket. The vacancy rate remains largely unchanged at 2.1%. Transaction activity improved in Q4 2024 with $78.7 million trading.