National construction major John Holland is set to move its Perth headquarters to Herdsman in a major signal that the suburban market has become a strong option for CBD companies.
The office vacancy rate in Perth's CBD has reached another record low, falling from 0.7 per cent to 0.5 per cent in January, West Perth has reached a highly improbable milestone – the area is statistically full.
As the crisis in available office space in the CBD continues, building owners are bringing refurbished space back into supply this year to take advantage of soaring rents.
Perth's commercial leasing agents are warning the city's office space crisis will intensify this year, potentially leaving companies no choice but to pre-commit to proposed office projects or stay put and face expensive lease renewals.
