Adelaide Industrial and Logistics Figures Q2 2025

Key Points: 

• Gross take-up of c.66,000 sqm was recorded during 2Q25. The rolling 12-month gross take-up totals c.195,000 sqm – above the 10-year annual average of c.150,000 sqm.
• There was c.59,500 sqm of new industrial stock added over the quarter. The rolling 12-month supply totals c.114,000 – above the 10-year average of c.92,000 sqm.
• The 2025 and 2026 development pipeline is forecast to total above the 10-year average; however, the pre-commitment rate is strong at close to 60%.
• The average vacancy rate for the market has remained stable at 1.6% (as at 1H25).
• Net face rents increased q-o-q across all asset grades. Super prime net face rents have increased by 5.6% y-o-y to an average of AUD 152/sqm. However, average super prime incentives have increased to 12% from 10% in 2Q24.
• Constrained industrial land supply and owner occupier demand in Adelaide’s core industrial precincts has driven land values, with 0.25ha lots increasing by 28.6% y-o-y to an average of AUD 956/sqm and 1.6ha lots increasing by 21.2% y-o-y to an average of AUD 647/sqm.
• Super prime midpoint yields remained stable q-o-q and sits at 6.2%.