Perth may have the highest office building vacancy rate nationally, but that's done little to dampen the confidence of investors, developers and real estate agents.
Will working from home reshape the role of the office? Business News explores the potential impact on Perth's commercial property sector as part two of the Working From Home Series.
Professional services and flexible office providers have provided a boost to momentum in Perth's CBD office market, with the Property Council of Australia's vacancy rate continuing to decline and top-quality office accommodation becoming scarce.
Global flexible office provider IWG is eyeing new suburban and regional locations in Western Australia, seeking to capitalise on a growing trend of office decentralisation and changing work habits.
WeWork is laying off about 2,400 employees, almost 20 per cent of its workforce, as the office-sharing company seeks to drastically cut costs after it transformed from a Wall Street darling into a pariah in a matter of weeks.
ASX-listed property giant Dexus has joined Perth's flexible office phenomenon, launching a new facility at 240 St Georges Terrace to cater for the changing needs of its tenants.
ASX-listed investment fund Centuria will acquire Warrington Capital Partners' William Square office building in Northbridge for $189.5 million, in the highest value commercial property transaction in Perth since December last year.
