New office supply in Adelaide is becoming more of a west side story, JLL says.

Between 1990 to 2009, more than 60 per cent of new office stock was developed on the eastern side of King William Street.

However, JLL research indicates the trend has been reversed throughout the past decade, with more than 55 per cent of new supply developed on the western side of the CBD.

The main business district was predominantly established along the east end of King William Street, particularly along Grenfell, Pirie and Flinders Streets which is where the University of Adelaide, the Rundle Mall retail strip and the old Royal Adelaide Hospital are located. 

JLL Research Director Rick Warner said there was now a new wave of buildings emerging on the western side of the CBD, particularly along Franklin Street. 

JLL Research Director Rick Warner. Source: JLL

“The introduction of smaller bar licenses in 2013 was the catalyst for the rejuvenation of Adelaide’s most successful laneways (Peel and Leigh Streets)," he said.

"Those once underutilised laneways, located on the western side of the city, are now the centre point of an established hospitality laneway network, improving the social amenity for people working in this area." 

In the fourth quarter of 2019, JLL Research found 60 per cent of prime office developments in the Adelaide CBD pipeline will be located west of King William Street. 

Mr Warner told WILLIAMS MEDIA the incremental expansion of the University of South Australia City West Campus had increased the number of students in the western precinct, spurring student accommodation development, while the relocation of the Royal Adelaide Hospital had also supported western CBD growth. 

25 Grenfell Street, Adelaide. Source: JLL

"One of the most likely outcomes that may occur as a result of more commercial development on the western side of the CBD will be that the concentration of workers in the area will further support the night-time economy in the area and expedite the rejuvenation of more of our laneways," he said.

"We’ve already seen Hindley Street get some momentum back throughout the past 18 months as a result of the relocation of the Royal Adelaide Hospital.

"With more daily visitors in the area, whether its university students, hospital visitors and outpatients, or white-collar workers, this vibrancy of place could extend to areas like Currie Street and Light Square in the future."

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