ASIA PACIFIC OUTLOOK 2025

ADELAIDE

NEW SUPPLY

Adelaide experienced significant supply additions in 2023 with the completion of major projects such as 60 King William and Festival Tower, adding more than 90,000sqm prime grade space into market.

- 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000

FORECAST

The only major project to recently complete in 2024 was One Fifty at 150 Grenfell Street, providing 9,485 sqm of A grade space.

The 21,000 sqm development at 42-56 Franklin Street is currently under construction with delivery expected towards the first half of 2025. Approximately 55,000 sqm of prime space is expected to be added in 2027, though most projects remain in the planning stage.

NEW SUPPLY (SQM)

2022 2023 2024F 2025F 2026F 2027F 2028F 2029F

Cushman & Wakefield

ASIA PACIFIC OUTLOOK 2025

Source: Cushman & Wakefield