Adelaide Retail Figures Q3 2025

Key Points:

• Monthly household spending in SA rose by 5.2 y-o-y in August 2025, reflecting a solid rebound in consumer sentiment driven by easing cost-of-living pressures.
• There was 6,000 sqm of retail supply recorded for Q3 2025, following completion of the Old Le Cornu site redevelopment at 88 O'Connell (for developments ≥ 3,000). Retail supply in 2025 is set to total c.22,800 sqm, slightly below the 10-year average of c.28,200 sqm p.a.
• Regional centre net face rents increased 0.8% q-o-q and 3.2% y-o-y to an average of $1,600/sqm. Average net face rents remained stable q-o-q across the other retail categories.
• Retail vacancy in the Adelaide CBD increased to 9.3% in H1 2025, signalling a shift from the declining trend that had been seen since H1 2022.
• Across Greater Adelaide, c.$156 million of transactions have been recorded for YTD (for transactions ≥ $5 million).
• Yields across Adelaide’s regional centres decreased by 15 bp q-o-q to an average of 7.08%, while CBD super prime retail yields expanded by 25 bp q-o-q to an average of 5.00%.