Adelaide Industrial and Logistics Figures Q4 2025

Key Points: 

• Gross take-up of c.150,000 sqm was recorded during 4Q25. The CY2025 gross take-up totals c.315,000 sqm – above the 10-year annual average of c.174,000 sqm.
• There was c.63,500 sqm of new industrial stock added over the quarter and c.197,000 over CY2025.
• The development supply pipeline for 2026-2028 averages c.109,000 sqm per annum, below the 10-year average and the pre-commitment rate is elevated at 66%.
• The average vacancy rate for the market sits at 1.8% as of 2H25, up from 1.6% at 1H25.  
• Net face rents increased q-o-q for super prime and prime assets. Super prime net face rents have increased by 1.3% q-o-q and 4.0% y-o-y to an average of AUD 155/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 15.5% y-o-y to an average of AUD 1,025/sqm and 1.6ha lots increasing by 20.2% y-o-y to an average of AUD 706/sqm.
• Super prime midpoint yields compressed by 15 bps q-o-q and now sits at 5.85%.