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The Perth CBD office market has recorded positive net demand for the second time in five years. Photo: Attila Csaszar

Perth office vacancies drop

Perth’s ailing office market could be on the mend, with the CBD recording the largest drop in vacancies of any capital city during the past six months, according to the Property Council of Australia.

Despite the promising result, the Western Australian capital still has the highest proportion of vacant office space among the nation’s capitals.

Released today, the Property Council’s biannual office market report shows a drop in Perth’s CBD office vacancy rate from 22.5 per cent to 21.1 per cent during the past six months.

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