Adelaide CBD Office Market
Key metrics and trends for the Adelaide CBD (SA) office market.
Vacancy Rate
14.0%
Stable
Avg Net Face Rent
$450
$320 – $600 /sqm/yr
Avg Incentive
36.0%
30.0% – 42.0%
Market Sentiment
Tenant Favoured
Effective Rent
Low
$200
Average
$290
High
$400
Vacancy Rate History
13.2%2019
14.8%2020
15.6%2021
15.8%2022
15.2%2023
14.5%2024
14%2025
Supply Pipeline
38,000 sqm
Under construction, expected completion 2026
Major projects:
- GPO Exchange (22,000 sqm)
- Festival Tower (16,000 sqm)
Last updated: 2025-06-30
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