finance

Adelaide CBD Office Market Absorbs Net Space in Q1 2026

Leasing activity remains steady even as vacancy edges higher after new completions.

By The Daily Adelaide Cbd · Published 25 July 2026

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Adelaide CBD Office Market Absorbs Net Space in Q1 2026 — Photo by Rexness / flickr (by-sa)

The Adelaide CBD office market recorded positive net absorption in the first quarter of 2026 alongside ongoing leasing demand, according to recent property data. Net absorption totalled 33,023 square metres across 2025 and reached 115,500 square metres from early 2023 to the end of 2025, the strongest national figure.

Vacancy rose slightly to 15.5 per cent in January 2026 due to new speculative supply, though A-grade space continues to attract tenants. Year-on-year office rental growth reached 13 per cent as of early 2025, the highest rate nationally.

The results highlight sustained business confidence in the Adelaide CBD despite broader economic pressures, with demand concentrated in higher-quality buildings and constrained new completions supporting the market balance.

Sources: perplexity-sonar, perplexity-sonar, perplexity-sonar, perplexity-sonar.

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