West Perth Office Briefing: Q2/2019
We are pleased to release the Q2/2019 Office Briefing Notes for the West Perth, which outline key metrics across each market along with detailed commentary on leasing, sales and development activity.
- The West Perth office market has witnessed a drop in the total vacancy rate on the back of heightened leasing activity
- Flight to quality and suburban migration to West Perth are driving an upswing in demand levels, mostly for Prime stock
- Limited new development in the pipeline, with refurbishment of existing building trending in the short-term underpinned by opportunistic investment activity
- Investment yields have continued to compress, with the yield spread between West Perth and the East Coast fringe markets driving counter-cyclical buying