Adelaide Industrial and Logistics Figures Q3 2025

Key Points:

• Gross take-up of c.46,500 sqm was recorded during 3Q25. The rolling 12-month gross take-up totals c.219,000 sqm – above the 10-year annual average of c.150,000 sqm.
• There was c.46,500 sqm of new industrial stock added over the quarter.
• The development supply pipeline for 2026 and 2027 averages c.138,000 sqm per annum, above the 10-year average; however, the pre-commitment rate is elevated at 54%.
• The average vacancy rate for the market sits at 1.6% (as at 1H25).
• Net face rents increased q-o-q for super prime and prime assets. Super prime net face rents have increased by 0.7% q-o-q and 2.7% y-o-y to an average of AUD 153/sqm. Super prime incentive remained stable q-o-q, averaging 12%. 
• Constrained industrial land supply and owner occupier demand in Adelaide’s core industrial precincts has driven land values, with 0.25ha lots increasing by 23.5% y-o-y to an average of AUD 1,019/sqm and 1.6ha lots increasing by 18.6% y-o-y to an average of AUD 697/sqm.  
• Super prime midpoint yields compressed by 20 bps q-o-q and now sits at 6.0%.