Property Forecasting > Report
The Adelaide CBD office market faces a long, slow recovery from its current 16% vacancy rate. The challenge is not so much on the demand side. Rather, it's the quantum of new supply due to come on stream by June 2023 that will initially impede progress. Beyond that, we expect a gradual take-up of vacant space will allow landlords to reduce leasing incentives, triggering solid growth in effective rents.
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