ASIA PACIFIC OUTLOOK 2025

ADELAIDE

DEMAND & VACANCY

Net absorption turned negative in 2022 after strong gains the previous year.

35.0%

25,000

FORECAST

Demand rebounded in 2023, reaching 23,700 sqm, and is projected to remain positive at around 22,000 sqm in 2024. Modest growth is expected in the near term, with net absorption of approximately 18,000 sqm in 2025 and 13,000 sqm in 2026.

30.0%

20,000

25.0%

15,000

20.0%

10,000

15.0%

5,000

10.0%

Vacancy is expected to remain between 17% and 21% over the next five years.

-

5.0%

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

NET ABSORPTION (SQM) AND VACANCY RATE (%)

-5,000

0.0%

Net Absorption

Vacancy Rate

Cushman & Wakefield

ASIA PACIFIC OUTLOOK 2025

Source: Cushman & Wakefield