Perth now has the highest vacancy rate of any office market across capital cities in Australia, according to fresh research by JLL, with 16.6 per cent of commercial space in the CBD sitting empty.
Offshore buyers are increasingly interested in Perth office stock, but limited assets for sale and the city’s rising vacancy rate are stifling opportunities.
Perth’s office vacancy rate has jumped to 14.7 per cent, according to commercial agency JLL, with statistics showing the CBD has the highest A-grade vacancy in Australia.
Perth’s commercial property leasing market has recorded a solid start to 2013, with more than 21,000 square metres of office space already committed and around 12,000sqm of pre-commitments in the work
A CONSORTIUM of private investors has kicked off construction of a Perth CBD office building without pre-committed tenants, punting on the continuing strength of the market.
A LACK of supply will be the big issue for Perth’s office market in 2012, with record-high office take-up figures sending the CBD vacancy rate spiralling to its lowest level in three years.
GDI Property Group says it will undertake one of the largest refurbishment projects in the Perth CBD’s history, with its $50 million revamp of the former Governor Stirling Tower complex at 197 St Geor
Perth’s pressure-cooker office market is driving the development of a number of smaller projects on the edge of the CBD as city tenants seek space to consolidate their operations and take advantage of
National Mutual Building, 88 Colin Street West Perth (1) This property is bordered by Murray, Colin and Mayfair streets in the West Perth office precinct.
Honeywell Building, 176 Burswood Road, Burswood (1)Two tenancies are available in this building, on the ground floor and the second level.
Durack Centre, 263 Adelaide Terrace Perth
AXA Centre, 111 St Georges Terrace Perth
172 St Georges Terrace Perth
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