We have been servicing our clients' increasing commercial property requirements in the South Australian market for many years and in 2018 we established a physical LPC office in Adelaide.
Adelaide is home to growing defence, space, and medical research industries in addition to world-renowned wine regions and tourism destinations. It is consistently rated as one of the world’s most liveable cities, and its culture and accessibility provide an enviable lifestyle and place to do business.
Vacancy in the Adelaide CBD rose from 14.3% in July 2020 to 16.0% as at January 2021. This was a result of both reduced tenant demand and an increase in new supply
Average Prime Net Face Rents have remained steady sit at $95/sqm, however small to medium sized occupiers have been attracted to purchasing due to the removal of stamp duty and availability of secondary stock at close to replacement cost.
Retail demand has remained positive in Adelaide’s East End, continuing to be one of the city’s best food and fashion destinations. Prospect Road and Goodwood Road have seen recent growth, where a strong emphasis on placemaking has seen the corridors evolve into community hubs.