2026-08-03-莱坊-Adelaide_Industrial_State_of_the_Market_Q2_2026_2页_793kb

报告摘要

Adelaide Industrial Market Summary - Q2 2026

Core Content Overview

The Adelaide industrial market has shown a mixed trend in Q2 2026, with prime yields remaining near record lows, while rental growth has started to moderate. Land values continue to rise strongly, and investment volumes have been robust at the beginning of the year. The market is influenced by regional differences in rents and incentives, as well as broader economic indicators.

Key Market Trends

Prime Rents:
- Prime rental growth has slowed but remains moderate, with rents increasing by 0.9% quarter-on-quarter and 3.1% year-on-year to an average of $149/sqm.
- Rent variations are significant by precinct, with the Inner West being the most expensive at $170/sqm, and the Outer South the cheapest at $116/sqm.
- Net effective rental growth is now $134/sqm, up 1.5% year-on-year, with incentives rising from 8.9% to 10.2%, moderating the growth.
Land Values:
- Land values are increasing strongly, with small lots (<5,000 sqm) rising 10.5% year-on-year and medium lots (1–5 ha) increasing 13.9%.
- Precinct-specific land values vary, with the Inner West at $1,092/sqm, Inner North at $875/sqm, and Outer South at $413/sqm.
Industrial Investment Volumes:
- Industrial investment volumes started the year strongly, with 24 sales totaling $404 million in Adelaide as of Q2 2026.

Recent Significant Sales

Property	Suburb	Precinct	Date	Price ($M)	Building Size (sqm)	Land Size (sqm)	Core Market Yield (%)	Type of Sale
75 Kaurna Avenue^	Edinburgh	Outer North	UC	Conf.	6,767	15,730	5.55*	Investment
591A Grand Junction Road^	Gepps Cross	Inner North	UC	c11.0	4,912	13,449	5.72	Investment
5 Talisman Avenue^	Edwardstown	Inner South	UC	Conf.	9,856	15,670	6.92	Investment
2-28 Scotland Road	Mile End South	Inner West	UC	c15.0	4,687	9,816	4.22	Redevelopment w/ leaseback
Allotment 1 Francis Road	Wingfield	Inner North	UC	c15.0	N/A	14,800	N/A	Vacant land with leaseback
32-54 Kaurna Avenue	Edinburgh	Outer North	Jul-26	27.7	12,825	65,210	6.48	Investment
28 Park Avenue	Woodville North	Inner North	Jul-26	10.1	4,779	13,450	5.77	Investment
6-14 Oxenham Street^	Dudley Park	Inner North	Jun-26	25.3	4,420	9,000	6.25	Investment
68-70 Kapara Road	Gillman	Inner North	Jun-26	22.2	7,186.5	24,570	N/A	Owner Occupier
50-64 Mirage Road	Direk	Outer North	Jun-26	50.0	21,500	40,000	VP	Owner Occupier
65-69 West Ave & 12 Kaurna Avenue^	Edinburgh	Outer North	Mar-26	18.1	12,238	43,670	7.39	Investment
Turin Place & Bremen Drive^	Salisbury South	Outer North	Feb-26	18.5	7,660	14,795	7.39	Investment
46-58 Ashwin Parade^	Torrensville	Inner West	Jan-26	22.3	6,762	18,030	5.25	Investment

Notes:

UC = Under Contract, VP = Vacant Possession
^ = Knight Frank Sale
- = Reflects 10% rental cap scenario; uncapped equivalent market yield 7.34%

Economic Indicators

Indicator	2023	2024	2025	2026 (f)	2027 (f)	2028 (f)	2029 (f)
South Australia
Annual GSP Growth (%)	2.78	1.00	0.23	1.66	2.22	2.05	2.24
Annual Population Growth (%)	1.72	1.29	1.08	1.01	0.87	0.85	0.86
Unemployment Rate (%)	3.90	4.02	4.20	4.29	4.71	4.73	4.79
Australia
CPI Inflation (%)	4.05	2.42	3.65	4.07	2.54	2.40	2.60
Cash Rate (%)	4.32	4.34	3.60	4.35	4.10	3.60	3.35
10-year Government Bond Yield (%)	3.96	4.48	4.76	5.01	4.88	4.34	4.28

Notes:

(f) = Forecast

Contact Information

Capital Markets:
- Max Frohlich: +61 423 933 702 | max.frohlich@au.knightfrank.com
- Ryan Mills: +61 400 876 747 | ryan.mills@au.knightfrank.com
Valuation & Advisory:
- Tom Walker: +61 438 716 787 | tom.walker@au.knightfrank.com
- Nick Bell: +61 422 003 511 | nick.bell@au.knightfrank.com
Research & Consulting:
- Laurence Panozzo: +61 401 251 876 | laurence.panozzo@au.knightfrank.com
- Tony McGough: +61 406 928 820 | tony.mcgough@au.knightfrank.com