ASIA PACIFIC OUTLOOK 2025

ADELAIDE

RENT GROWTH

Prime gross effective rents grew by 16% in 2023, driven by limited new supply, a strong labour market, and inflationary pressures on face rents. Rent growth is expected to moderate to 5.1% in 2024, reaching AUD 480/sqm per year, as vacancy remains steady with limited new supply. Between 2025 and 2027, rent growth is forecast to exceed 2%, as demand softens and the labour market slows..

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FORECAST

500

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

AUD/SQM/YR

Rent growth (%)

RENT (AUD/SQM/YR) AND RENT GROWTH (% PER ANNUM)

Cushman & Wakefield

ASIA PACIFIC OUTLOOK 2025

Source: Cushman & Wakefield