- Office vacancy in 6000 postcode fell to 14.9 per cent, according to Property Council of Australia data
- Vacancy now the lowest it’s been since January 2015
- Perth data defies national trend, which shows office vacancy is rising
Central Perth’s office vacancy levels have fallen to a nine year low, according to data from the Property Council of Australia.
The demand for office space in the 6000 postcode saw office vacancy fall to 14.9 per cent in January 2024, from 15.9 per cent in July last year.
Perth Lord Mayor Basil Zempilas said it’s no surprise more businesses are flocking to work in the City of Perth.
“This data shows what those of us who work in the city already know, it’s the place to be” Mr Zempilas said.
“Between July and December last year the City recorded 79 new businesses opening on our streets.
“And in December alone we saw businesses here enjoying their biggest festive season on record, with $400 million spent in the city. Why wouldn’t more businesses want to be a part of that action?
“I’m exceptionally proud of the work the City of Perth has done to create a vibrant hub that’s attractive to business.
“The future is looking bright for businesses in the City of Light in 2024.”
The Property Council report showed Perth’s vacancy rates were bucking the national trend, with overall CBD vacancy rates increasing.
View the Property Council media release here.
Lord Mayor Basil Zempilas is available for comment.
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