Owner-occupiers are increasingly setting their sights on Perth’s city fringe, prioritising the benefits of working and living in the same community over the lure of the CBD.
This shift is driven by more than just the search for reduced costs and improved accessibility, but a strategic move that benefits the decision-makers themselves, offering them control and stability in their investments.
“Accessibility has become a key factor for owner-occupiers, who now prefer to work close to where they live, reducing commute times and enhancing their own quality of life,” says Brent Griffiths, director of office sales and leasing at Realmark Commercial.
“While community and convenience have always been important, they are now paramount in the decision-making process for owner-occupiers. This shift towards accessibility and the desire for a more integrated lifestyle is reshaping how we view our workspaces.”
Mr Griffiths defines the city fringe as suburbs surrounding Perth and Northbridge, including West Perth, South Perth, East Perth, Leederville, West Leederville, Mount Lawley, Wembley, Subiaco, Osborne Park and North Perth.
These suburbs offer a more community-oriented atmosphere, a variety of lifestyle amenities, and the potential for property value appreciation.
These advantages, along with the strategic benefit of being close to the CBD yet away from its high costs and congestion, make the city fringe an attractive option for discerning businesses and investors.
“The move towards the city fringe signifies a major change in the way we think about work and living spaces,” says Mr Griffiths.
“Our clients are increasingly recognising the long-term value and potential of these areas, marking a clear departure from traditional CBD-based preferences.”
Mr. Griffiths recently facilitated the sale of two properties in West Leederville to Palmerston WA and Relationships Australia. Both businesses were seeking a presence in West Leederville, drawn by its accessibility, amenities, and potential for growth.
The decision to purchase rather than lease was a significant factor for both, highlighting these city fringe suburbs as areas that enable businesses to invest in their own premises.
“This evolution speaks volumes about our city's adaptability and the growing desire for a lifestyle that truly blends the best of both worlds where owner-occupiers wish to live, work & play in their preferred suburb.”
For expert advice and solutions tailored to your needs, contact Realmark Commercial on 9328 0999.
