Fresh supermarket proposals are emerging across a range of near-city suburbs, including Highgate, West Perth, Nedlands, Inglewood and Como, as retail groups respond to community demand for modern shopping facilities.
Vikas Rambal's Perdaman Industries has continued its march on retail property, adding a third shopping centre to its portfolio through the $20 million acquisition of The Village at Margs.
Leasing success at The Quadrant on William Street has continued a trend of city fringe and suburban tenants moving to the Perth CBD, while options for firms with large space requirements have become increasingly scarce.
Perth's hotels market has been tipped to be one of the weakest in the country in 2019, with average room rates, occupancy and revenue per room all forecast to fall during the next 12 months.
Perth's office vacancy rate has fallen to its lowest level since 2015, with increasing momentum in commercial leasing reflecting brighter sentiment across Western Australia's business sector.
The Village, Australind Shopping Centre, and the adjacent Mardo Commercial Centre have been acquired by Acure Asset Management for $39.43 million from private property company the Vukelic Group, representing a yield of 8.3 per cent
Real estate investment trust Dexus has filled more than half of 240 St Georges Terrace – the Woodside Petroleum building – with Macquarie Bank and engineering group Wood plc committing to about 22,870 square metres of space at the tower.
The worst may be over for Perth's office market, with the latest statistics pointing to another fall in vacancies, dropping slightly from 19.8 per cent to 19.4 per cent in the six months to July, according to the Property Council of Australia's mid-year office market report released today.
ASX-listed property group Vicinity Centres, which is looking to sell six shopping centres in WA, has exchanged contracts with a private Australian property syndicator for Flinders Square in Yokine.
Early signs of recovery are starting to emerge across Perth's CBD office market, with vacancy rates falling below 20 per cent for the first time in two years, according to the Property Council of Australia.
Flexible workspaces, residential-like interiors and lighting matched to the body's circadian rhythms are some of the design elements influencing commercial building fitouts in Perth.
National dairy products supplier Lion is divesting some of its land holdings in Bentley, including a 2.9-hectare site, following its recent consolidation of the Masters Dairy depot as parts of its three-year growth plan.
SPECIAL REPORT: Property groups are chasing retail opportunities in Perth's CBD with a pipeline of upgrades and developments worth more than $250 million.
A growing chorus of major voices in Perth's commercial property sector is suggesting the worst of the recent period of sluggish activity may be over, with consistent demand for space and renewed investor interest indicating the marketplace is on the improve.
A commercial property across the road from Westfield Carousel has sold for $1.6 million, as developers continue to seek sites around the City of Canning's planned new town centre.
The state government has received a proposal for a $1.85 billion World Trade Centre in the Perth CBD from a Middle Eastern-backed private group that includes former Perth Airport manager Neil Kidd.
Lease Equity has signalled strong intentions to shake-up Perth commercial office sales, widening its focus outside of retail property by establishing a capital markets division headed up by industry stalwart Brett Wilkins.
Interest in commercial property in Perth's CBD is on the rise, with interstate institutional groups and syndicators eyeing Perth as an alternative to crowded and competitive eastern states markets.
Big incentives in Perth's office leasing market are resulting in world-class, high-tech fit-outs for tenants willing to take the plunge and move buildings.
Two weeks after Elizabeth Quay was opened to the public, construction trucks are coming back to Barrack Square, with work to begin on SKS Group's DoubleTree by Hilton hotel next month.
Recent sales in Perth's commercial property market show appetite remains for well-located assets with strong leasing profiles, but activity levels are still well down historically as the shadow of rising vacancies looms large over the city.
The traditionally dominant players in Australian retail are being forced to reinvent themselves in the face of increased competition – from each other, and a host of international raiders.
While storm clouds gather over office assets and land development comes off the boil, interest in retail property is building as investors look for somewhere secure to park their cash. Click through to see our list of WA's top 10 locally-based shopping centre owners.
Woolworths is expected to develop a supermarket on a site in Singleton, south of Golden Bay, where rival Coles was planning to build one of its stores.
A Jandakot industrial property leased by security firm Chubb and lift manufacturer Otis Elevator has hit the market, with selling agents Colliers International expecting it to fetch a price tag of
