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Online advertisements indicate Perth office buildings old and new have significant vacancies. Photos: Attila Csaszar

Listed players losing tenant war

Analysis of spaces available for lease across the portfolios of Perth’s 10 biggest office landlords shows stock market-listed groups are having the most trouble locking down tenants.

A vacant building at 1 Mill Street is becoming a serious impediment for ASX-listed GDI Property Group, which is in the unenviable position of holding the largest percentage of empty office space among Perth’s 10 largest landlords.

BNiQ Search Engine analysis of the 10 largest landlords’ portfolios and office space advertised for lease online has uncovered 20,501 square metres of available space across GDI’s Perth assets, which comprise the three-building Mill Green complex, as well as three other CBD office towers.

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Ranked by total area owned then by total assets

1st-Brookfield Property Partners188,093
2nd↑GDI Property Group145,399
3rd↓Dexus138,003
4th-Primewest110,222
5th↓Charter Hall87,002
29 property - commercial owners ranked by size of total area in m2

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