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Tenants are taking up more space in Perth’s best office buildings. Photo: Attila Csaszar

Office market recovery signs

Perth's CBD office market is emerging from its longest cyclical downturn since the early 1990s, according to one of the city’s largest commercial landlords.

Released earlier this week, Investa Property Group’s June 2017 ‘Office Market Report’ said leading indicators were showing that five years of deteriorating market conditions had come to an end in the first six months of the year.

The report found net absorption of prime office space in the Perth CBD was at its strongest level since 2012, reflecting a combination of increased office-based employment and a flight to quality.

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Ranked by total area owned then by total assets

5th↓Charter Hall87,002
6th-BGC AustraliaNFP
7th-Investa Property54,679
8th-Centuria49,256
9th↓AMP Capital46,673
29 property - commercial owners ranked by size of total area in m2

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