Adelaide Industrial and Logistics Figures Q1 2026

Key Points: 

• Gross take-up of c.13,000 sqm was recorded in 1Q26. The 12-month rolling total stands at c.276,000 sqm, above the 10-year annual average of c.174,000 sqm.
• There was c.78,600 sqm of new industrial stock added over the quarter and c.248,000 sqm over the past 12 months.
• The development pipeline for 2026–2028 averages c.123,000 sqm per annum, above the 10-year average, with a pre-commitment rate of around 65%.
• Net face rents increased q-o-q for super prime and prime assets. Super prime net face rents increased 0.6% q-o-q and 4.7% y-o-y to an average of AUD 156/sqm. Super prime incentives increased by 1.0 percentage point q-o-q to an average of 13%.
• Constrained industrial land supply and strong owner-occupier demand across Adelaide’s core industrial precincts have driven land values higher, with 0.25 ha lots increasing 17.4% y-o-y to AUD 1,056/sqm and 1.6 ha lots increasing 22.6% y-o-y to AUD 728/sqm.
• Super prime midpoint yields increased by 13 bps q-o-q and now sit at 6.0%.