Perth CBD Office Briefing: Q2/2019
We are pleased to release the Q2/2019 Office Briefing Notes for the Perth CBD, which outline key metrics across each market along with detailed commentary on leasing, sales and development activity.
- Leasing activity in the Perth CBD improved significantly in the year to June 2019, with volumes double the year prior
- The total vacancy rate fell 70 basis points to 18.5% as at December 2018, with Premium grade vacancy recorded at 4.5%
- Foreign and domestic investors are showing an increasing interest in quality assets in the Perth CBD, as investors recognise the “comparative value” and strong yields offered
- Signs of a strengthening economy are evident with WA boasting the highest job advertisement growth nationally