Adelaide Retail Figures Q4 2025

Key Points:

• Monthly household spending in South Australia rose by 5.7% y-o-y in November 2025, reflecting a solid rebound in consumer sentiment driven by easing cost-of-living pressures.
• There was 1,300 sqm of retail supply recorded for Q4 2025, following completion of ORTA On The Parade, a major mixed use development. Retail supply in 2025 totalled c.22,800 sqm, slightly below the 10-year average of c.28,200 sqm p.a.
• Regional centre net face rents remained stable over the quarter but increased by 2.3% y-o-y to an average of $1,600/sqm. Super prime CBD rents rose by 3.1% q-o-q, while LFR rents increased by 2.5% q-o-q. Average net face rents remained stable q-o-q across the other retail categories. 
• Across Adelaide, c.$261.2 million of transactions were recorded in 2025 (for transactions ≥ $5 million).
• In Q4 2025, yields across all Adelaide retail asset classes remained stable. Over the year, regional centre yields compressed by 15 bp y-o-y to an average of 7.08%, while CBD super prime retail yields expanded by 25 bp q-o-q to an average of 5.00%.