LPC has been helping our clients in South Australia since our inception in 1993, establishing a physical office in Adelaide in 2020 to support their growing demand and to help them come out on top during the Covid-19 Pandemic.
Unlike other commercial real estate firms, LPC does not represent developers or investors. We provide advice to office, retail and industrial occupiers, and are 100% committed to only helping tenants and owner-occupiers. This creates a unique advantage and ensures we are free of any conflict of interest.
• Royal Society for the Blind – relocation of their Adelaide head office (1000sqm).
• Adbri (Adelaide Brighton Cement) – strategic renewal and consolidation of multiple South Australian sites (2000sqm).
• TGR Biosciences – Relocation and project manager of a new state of the art laboratory (1000sqm)
• Joinery Café – Re-negotiation to ensure a financially sustainable lease that reflects the challenges of Covid-19 on CBD food and beverage operators (150sqm)
Vacancy across the Adelaide CBD decreased from 15.7% to 14.5% in January 2022, highlighting the buoyancy in the market and continued acceleration of tenants seeking better quality space.
The industrial market has seen significant growth in demand, both in Adelaide and nationally. Tenants are needing to navigate reduced vacancies, coupled with increased rents and reductions in landlord incentives.
Retail has remained optimistic in Adelaide, despite a drop in patronage over Christmas and early 2022. The East End, Prospect Road and Goodwood Road have seen long term growth, where a strong emphasis on placemaking has seen them evolve into community hubs.