Eleven major industrial projects currently under construction in Adelaide

The projects will yield 115,500sqm of new space over the coming quarters.

Adelaide's industrial market recorded slower occupier activity during the first quarter of 2026, although rental growth continued across all major precincts as limited supply supported landlord pricing power, according to JLL.

Gross take-up totalled 30,900 sq m during the quarter, below both recent levels and the two-year quarterly average of 46,500 sq m.

Three major occupier transactions exceeding 3,000 sq m were recorded, including the largest deal of the quarter, a 20,500 sq m lease by Marnco in Adelaide's North precinct.

New supply increased to 26,700 sq m during the quarter. JLL said 11 major developments totalling 115,500 sq m are currently under construction, with the latest scheduled for completion in the first quarter of 2027.

The future pipeline also includes seven approved projects totalling 99,000 sq m and four projects under planning representing a further 19,200 sq m.

Rental growth was recorded across all four industrial precincts during the quarter, ranging from 3.0% in the Inner precinct to 4.7% in the Outer South precinct.

Land values increased in the Inner precinct, while other locations remained stable. On an annual basis, land values for 2,000 sq m sites rose between 6.7% and 20%.

Looking ahead, JLL said occupier enquiry levels have softened due to limited availability of suitable existing stock and rental expectations between landlords and tenants. However, demand from manufacturing and defence-related occupiers is expected to support the market, while competition for new facilities and limited existing supply should continue driving rental growth. Prime yields are forecast to remain stable in the near term.