Overview
We have been servicing our clients' increasing commercial property requirements in the Perth market for many years providing expert tenant advisory, transaction management, lease administration and fit out project delivery.
With a population of over 2.7 million, WA accounts for approx. 16 percent of Australia’s total economic output(20-21).
While the states resources industry dominates the local economy and WA is the world’s largest exporter of Iron Ore and Lithium and the worlds 3rd largest producer of LNG and Gold production , our clients come from a broad range of sectors including financial services, legal, industry, tourism, government as well as the resources and associated service industries.
Perth - Office
Total stock in Perth CBD is approx. 1.77 million sqm
The total vacancy in Perth has been reported by the PCA to sit at 15.6% as at January 2023. This remains one of the highest CBD vacancy rates across Australia.
Perth - Industrial
Perth’s core industrial market Prime Net Face Rents increase continue to rise with the Eastern Industrial Precinct experiencing the most substantial growth.
Perth - Retail
Perth CBD retail conditions look set to improve as the city continues to recover from recent declines due to covid although there has been a fall in some gross face rents reported for the CBD. The remaining suburban retail markets and bulky goods precincts have been relatively stable with a slight increase in incentives.
