Space in a new industrial development in Adelaide’s outer north is up for lease, with strong demand expected as the sector continues to experience a shortage of supply.

The project at 32-42 Mirage Road in Direk, within the masterplanned Vicinity Industrial Estate, is offering five corporate office warehouse units of around 1,800sq m each, but they can be combined to create larger spaces of up to 8,500sq m.

Development approval for the units has been granted, with construction underway and practical completion expected for next month.

The space is up for lease via an Expressions of Interest campaign being run by Knight Frank agents David Ludlow and Marco Onorato.

Leasing rates for the space range $105 to $135sq m, depending on the final layout.

Mr Ludlow said the development offered industrial users an opportunity to occupy a brand new, first-class logistics facility in a great location.

“We are expecting significant interest from a range of industrial users for this space that is available now given the imbalance between demand and supply in Adelaide’s industrial market, with a shortage of stock,” he said.

“Vacancy is at an all-time low and there isn’t enough stock being released to the market, with rising interest rates and the cost of construction holding up some speculative developments.

“This development will offer industrial space constructed to a high standard, and at this stage there is still time for tenants to implement some slight amendments, customisation or additions to the built form to suit.”

Mr Onorato said Direk was just 25 minutes north of the Adelaide CBD and was situated in the Vicinity Industrial Estate, which was sold out.

“The development is strategically located, benefitting from unparalleled access to the national highway network including the recently completed Northern Connector, the Northern Expressway and Port Wakefield Road,” he said.

“Vicinity is also the only industrial estate in the outer north with Level 3 B-Triple Road Train access, which is a huge plus for industrial occupiers.”

Other occupiers in the Vicinity Industrial Estate include Toll, SCF, Rand, Caltex and Apex.

To request leasing information please contact the leasing agents Knight Frank agents David Ludlow and Marco Onorato via the below contact details. 

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