Lpc Cresa has been in Perth since 1994, initially as boutique tenant advisory firm Propertysolve. We have the most experienced team of tenant advisors in the market specialising in transaction management, lease administration and fit out project delivery.
With a population of 1.9 million, Perth accounts for 6.3 percent of Australia’s total economic output. While the local economy is dominated by the state’s abundant resources industry, 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.
Total vacancy in Perth fell to 18.5 percent in the last six months, which is the first time CBD vacancy rates have fallen below 19 percent since July 2015. Total stock in Perth is 1.7 million sqm. Tenant demand saw 6,752 sqm of office space absorbed in the six months to January 2019.
Perth’s core industrial market saw Net Face Rents increase by 5.9 percent over the past 12 months to $90/sqm.
Perth CBD retail conditions look set to improve as the city continues to recover from recent declines in the resources sector. As the resources tenants migrate from the city’s fringes to the CBD, it is expected retail tenants will do the same.
Level 1, The Old Cloisters
200 St George’s Terrace
Perth WA 6000
8:30 AM - 5:30 PM
+61 8 9325 4433