Adelaide CBD Office Briefing: Q2/2019
We are pleased to release the Q2/2019 Office Briefing Notes for the Adelaide CBD, which outline key metrics across each market along with detailed commentary on leasing, sales and development activity.
- Adelaide CBD office vacancy rate declined to its lowest rate since 2015, underpinned by positive tenant demand
- Stamp duty abolishment on commercial properties has driven both domestic and foreign investment activity in the 12 months to June
- More transaction activity in the $100 million plus category has been seen in the past two years than it has historically
- Incentives have remained steady on the back of a lack of available A grade space and limited upcoming supply