Commercial development is one of Adelaide's fastest growing sectors and the City of Adelaide is proactive about facilitating further expansion. Council's strategic plans include directives relating to population growth and economic prosperity that allow for the creation and modelling of new commercial activities.
The Council has pushed inner city growth through precinct-specific research and campaigns, co-creation of commercial hubs, simplified land acquisition and disposal policies and site development.
Strong stakeholder engagement plans and business advisory services add value to commercial investment opportunities in the city for all investors from large property developers to small and medium enterprises to micro and niche operations.
A research report by international real estate and investment management firm Jones Lang LaSalle (JLL) identified Adelaide as a "quiet achiever". The report states Adelaide consistently achieves more stable returns compared with other CBD office markets and enjoys divers quality tenants.
"Our research confirms our long-held view that there is a strong long-term case for investors to increase their portfolio allocation to the Adelaide office market," a JLL spokesman said.
The State Government has streamlined the proposal process for large-scale developments in particular through red tape reduction, modified planning processes, improved infrastructure, engagement with industry groups and community consultation.
Recent changes to Liquor Licensing legislation have also accommodated growth in small venues around the city. More than 40 small bars and restaurants have opened in the CBD, particularly in laneways in the east and west ends, giving birth to a bustling entertainment scene that reaches into every corner of Adelaide's public spaces.
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Average annual growth, in City planning consents granted 2006-14
Value of CBD planning consents in 2015