We are excited to be releasing Y Research’s first Thought Leadership Report for 2016 – entitled Global Resources Cities – Perth Not an Isolated Case.
Click Here to Access Your Complimentary Copy of the Report.
In what we believe is a world first study, the Report reviews the commodity of office space in 14 global resources hubs across all inhabited continents. The Report highlights Perth’s place in the global hierarchy of resources cities in terms of office market size, major office occupiers and recent development trends compared to cities such as Aberdeen, Brisbane, Calgary, Denver, Houston and Singapore.
With office vacancies rising to 20 year highs in the Perth CBD, the study originated from a desire to know if Perth’s partner cities in the global commodity trade were also recording similar vacancies in the wake of lower commodity prices. The Report highlights that in the inter-connected global economy, 12 of 14 resources hubs have recorded higher office vacancies in 2016.
Most importantly as we look ahead, the Report outlines a roadmap for recovery for Perth’s office market using the lessons from our global resources partners. Preparation and planning are key. The next resources boom, be it iron ore, LNG or lithium, will come to our remote outpost based on trends in global demand and development. The challenge for the Perth CBD, and Western Australia more broadly, is to be prepared for a future where we can move beyond the resources we can extract out of the ground (or graze on our land) to value added industries focusing on Australia’s edge as a knowledge and service based economy.
If you are interested in discussing the findings of the Report or Y Research’s current and planned research program, please contact us.