Last week, Y Research launched our 2017 Perth CBD Office Market Census. While the headlines focused on the 25.2% vacancy rate, the real story is how WA’s changing economy is reflected in occupier trends in the Perth CBD.
While downsizing in the LNG sector will continue to accelerate in 2017 as Gorgon and Wheatstone complete construction, new sectors are growing spurred on by affordability and availability of stock, not possible during the boom. Over 30 new technology companies opened an office in the CBD across 2016. A new university campus on William Street will welcome its first students in 2017. Channel 9 are broadcasting from St Georges Terrace. Shared work spaces and medical users continued to grow over the past 12 months as did space occupied by legal firms.
The Report has been developed by examining the occupancy floor by floor of each of the 280 office buildings across the Perth CBD in December 2016. Therefore providing the most comprehensive and detailed breakdown of our changing city currently available. The short video above outlines the key themes of the 2017 Perth CBD Office Market Census.
Want to know:
- Which tenants are growing?
- Which tenants are downsizing?
- Where vacancies are centred?
- How the occupancy of buildings differ based on building grades, age and location in the CBD?
This Report answers these questions and more. Copies of the Perth CBD Office Market Census for 2017 are available to order for $1,100 inc GST. For more information on the Report, please visit our website.