Adelaide’s student accommodation boom is creating openings for retailers, as developments near completion across the city.
Adelaide’s student accommodation boom is creating openings for retailers, as developments near completion across the city.
Savills Australia’s Natasha Bertram has been appointed to lease two ground-floor retail tenancies at the bottom of the new student accommodation building at 89-109 Gray Street.
Ms Bertram said the spaces available measured 69sq m and 89sq m but could be combined to suit one tenant.
“With a grease trap and centralised air-conditioning available, the spaces would be ideally suited to food retailers and convenience store operators,” she said.
“This is a prime opportunity to take advantage of the 772 students who will move into the completed building, as well as a large catchment area of other student housing developments, education facilities, apartments and businesses in the area.”
Ms Bertram went on to say that the development had proved to be popular among students looking for housing, due to the proximity to a vast range of CBD amenities.
The tenancies are expected to be available for occupancy next month.
Learn more about Savills Retail Leasing.