Market Report | QU3 2025 | Office

Strong net absorption of more than 22,000 sqm in the first half of 2025 has continued to push Adelaide’s CBD vacancy rate lower, now sitting at 15.0%, down from 16.4% in July 2024. Prime-grade vacancy has also tightened significantly over the past six months, falling from 18.1% to 15.1%, despite only 911 sqm of new supply being delivered. This highlights the sustained depth of occupier demand, particularly from larger tenants seeking to upgrade and refine their workspace to improve engagement and overall occupancy levels