Adelaide Inner West Inner North Outer North Inner South Outer South Net face rent ($ sqm) $127 $112 $91 $114 $81 Incentive (%) 7.0 7.0 11.0 7.0 12.0 Yield (%) 4.8 4.9 5.8 4.9 6.4 Capital value ($ sqm) $2,646 $2,286 $1,569 $2,327 $1,266 Adelaide prime industrial market indicators South Australia’s economy has proven relatively insulated from the impacts of the pandemic. We estimate, Gross State Product (GSP) grew more than 5.0 per cent in the 2022 financial year, with the recent change of state government presenting upside for public demand growth. The government remains a significant consumer, with defence programs based in Adelaide supporting growth in the medium term. The state has a large exposure to manufacturing, with the onshoring of supply chains and an increasing focus on technology supporting the outlook. 19 Industrial Market Monitor | 2nd Half 2022
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