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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

3rd-Charter Hall100,735
4th-Primewest84,740
5th-GDI Property Group82,214
6th↑BGCNFP
7th-Investa Property Group54,679
30 property - commercial owners ranked by size of total area in m2

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