Adelaide Retail Figures Q1 2026

Key Points:

• Monthly household spending in South Australia rose by 5.1% y-o-y in February 2026, reflecting a solid rebound in consumer sentiment despite escalating cost-of-living pressures.
• There was no new retail supply recorded for Q1 2026. Retail supply in 2026 is forecast to total c.57,120 sqm (incl. non-metro SA).
• Average net face rents remained stable q-o-q across all retail categories. Regional centre net face rents increased by 1.5% y-o-y to an average of $1,600/sqm. Super prime CBD rents pushed up by 3.1% y-o-y, while LFR rents increased by 2.5% q-o-q.
• Across Adelaide, c.$37.4 million of transactions were recorded in Q1 2026 (for transactions ≥ $5 million).
• In Q1 2026, yields across all Adelaide retail asset classes remained broadly stable on a quarterly basis. On an annual basis, regional centre yields compressed by 15 bp y-o-y to 7.08% while neighbourhood centre yields tightened by 13 bp to 5.94%. Sub regional centre and LFR yields both compressed by 8 bp y-o-y to 6.46% and 6.05%, respectively. In contrast, CBD super prime retail yields expanded by 25 bp q-o-q to average 5.00%.