Rising vacancies and falling rents in Perth's CBD office market are putting tenants in prime position to score favourable deals, while the conditions could also result in potential bargains for institutional investors.
Perth's CBD office market is still proving to be attractive to offshore investors, with the office building at 130 Stirling Street sold to a Singaporean firm for $90 million.
Melbourne-based fund manager SAITeysMcMahon has been confirmed as the buyer of Wesfarmers House on the Esplanade, paying $47.5 million in the second biggest property deal of the year.
