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Adelaide Suburban Retail

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A research produced by

Savills recorded approximately $162 million worth of retail property transactions (>$1m) in Metropolitan Adelaide in the 12 months to June 2013

The number of retail property transactions decreased in the 12 months to June 2013, down from 53 to 28

Yields remain steady, ranging from 6.0 percent to 8.5 percent in the main suburban retail strips

In the 12 months to June 2013, $96 million worth of transactions occurred in the bulky goods retail category, accounting for 59 percent of total retail property sales

Overall suburban retail strip vacancy currently stands at 8.18 percent as of August 2013

Retail development is largely being driven by the major grocery retailers in Adelaide

Source : Savills

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Keywords : Savills