PERTH is the 19th most expensive city in the world for office accommodation, trailing only Sydney among Australian capital cities, new research has found.
Property market analysts DTZ’s ‘Global Occupancy Costs – Offices’ report revealed six of Australia's capital cities were among the world’s most expensive.
The report ranks each location based on annual costs per workstation, taking rents, maintenance costs and property taxes into account.
Sydney was Australia’s most expensive city, ranked 14th globally at $US12,750 per workstation, while Perth moved 10 spaces up the ranks from the previous survey to rank 19th at $US11,470.
Perth was followed by Brisbane, ranked 30th, Melbourne, ranked 44th, Canberra (69th) and Adelaide (70th).
The report forecast Perth occupancy costs to grow between 2.6 per cent to 5 per cent by 2015.
“We are forecasting widespread growth in occupancy costs in 2011 ... where costs have already returned to – and in some cases exceeded – pre-recession levels,” DTZ head of Asia Pacific research David Green-Morgan said.
“Of all the regions, Asia Pacific is forecast to experience the most rapid annual growth over the next five years – 4.4 per cent, compared to 2.4 per cent over the previous five years.”