Property Forecasting > Report
The recovery in the Adelaide CBD office market continues but it is – and is likely to continue to be – slow progress. Relatively weak state economic and employment growth limit the speed to which excess space will be absorbed. Meanwhile, an increase in supply additions over the next few years will further constrain reductions in the vacancy rate. As a result, rental growth is only likely to be modest for some years to come. By contrast, the investment market remains a hot spot, but prospects for price growth are clouded by a likely medium term softening in yields.
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