ADELAIDE
THE INDUSTRIAL LAND SHIFT | 31
NATIONAL OVERVIEW SYDNEY MELBOURNE BRISBANE PERTH
CONTACT INFORMATION
Submarket State Of Play Adelaide's future industrial land supply is increasingly dependent on the Outer North, where substantial zoned and proposed employment land contrasts with the limited greenfield capacity remaining in established precincts. Recent rezonings have expanded identified supply, but the timing of servicing, government land releases and planning coordination will determine whether this land can respond to near-term occupier demand.
ACTIVE LAND SUPPLY
LONG TERM LAND SUPPLY
SUPPLY DYNAMICS & CONSTRAINTS
SUBMARKET
• Remaining opportunities are increasingly fragmented by size, with several land holdings making up a large share of land supply in the precinct. This is placing a greater emphasis on redevelopment and site consolidation to accommodate future occupier demand, with the precinct being a key market for institutional groups. • The remaining pipeline includes strategic infill opportunities at Gillman, where government-owned land has the capacity to support larger industrial users. However, much of this land remains outside the active development pipeline, while private owners and owner occupiers have a strong presence in the market. • Future supply will increasingly depend on the timely release of State government owned land and the redevelopment of existing employment areas, with opportunities for greenfield expansion now effectively exhausted. • The Outer North remains Adelaide's only corridor capable of materially increasing the city’s industrial land supply over the medium term, supported by recent employment land rezonings across Waterloo Corner and the broader Greater Edinburgh Parks precinct. • While these rezonings have expanded Adelaide's identified industrial land pipeline, they have not materially increased development-ready supply and government agency delivery coordination is required to facilitate development of this land. This is continuing to prompt the redevelopment of existing stock, headlined by Australia Post’s new facility within the Lionsgate Business Park at Elizabeth. • Further, Renewal SA controls several large land holdings in the submarket, some of which are unlikely to be available for development until later in the decade. • The West has become Adelaide's most tightly held industrial submarket, with development capacity largely confined to Adelaide Airport's leasehold estates, including Airport Junction and Catalyst Park. • With few remaining greenfield opportunities, occupiers seeking proximity to Adelaide Airport are expected to increasingly compete for redevelopment opportunities and leasehold product as freehold industrial land becomes increasingly scarce. • The Outer South retains a relatively small industrial land pipeline, with much of this land being highly fragmented, with a significant proportion of undeveloped sites falling below two hectares, limiting opportunities for larger-scale industrial development. • Industrial activity continues to be centred on the Lonsdale precinct, although topographical constraints and servicing requirements across a number of remaining landholdings continue to influence development feasibility and the pace of future land releases. • The South is expected to continue supporting advanced manufacturing and population-serving industrial uses; however, the reduction in long- term industrial opportunities at Port Stanvac reinforces that the corridor is unlikely to materially alleviate land supply constraints over the medium term.
INNER NORTH
48 hectares
161 hectares
OUTER NORTH
82 hectares
341 hectares
WEST
18 hectares
16 hectares
SOUTH
11 hectares
39 hectares
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