Owners of older office buildings in central Perth are struggling to find tenants, with the latest Office Market Report showing a widening gap between premium buildings and the rest of the market.
More than 20,000 Western Australians bought their first home in 2013 in another sign of strengthening activity in WA's residential construction sector.
After a record-breaking 2012, the past 12 months have been pretty quiet for new office construction in Perth, with little significant space to be added until 2015.
The City of Perth says Premier Colin Barnett is yet to meet with the council to discuss light rail route options, with key stakeholders in the CBD split on the best option for the proposed project.
Town of Cambridge mayor Simon Withers says the impact of Development Assessment Panels would be improved if developers could choose whether to use them or go straight to local councils.
THE slowdown in mining project development last year has affected the Perth office market, with the vacancy rate for CBD offices recording a modest increase to 5.7 per cent in January.
LEIGHTON Properties has stolen a march on rival developers, including Brookfield Properties, aiming to start work on Perth's next large office buildings.
PERTH-BASED property developer and syndicator Primewest has bought 255 and 267 St Georges Terrace from national property group Stockland for $27.6 million.
Perth's leasing market is the tightest in Australia, and with talk of a major new office tower, property analysts are warning tenants need to move now to take advantage of the city's next major construction cycle.
ARCHITECTURE firm Hames Sharley was recognised at this year's Property Council of Australia/Rider Levett Bucknall WA Innovation & Excellence Awards for its work on 100 St Georges Terrace/Enex100.
BOUTIQUE architecture and design firm Baltinas Architects says its commitment to original, modern design is not an attempt just to be noticed in the market, but is instead reflective of the opportunities on offer throughout the metropolitan area.
A wave of new office projects in West Perth and the western end of the city will provide some much-needed supply to the area, which has the tightest office market in the country and a vacancy rate of zero, according to the Property Council of Australia (WA)'s office market report.
The office vacancy rate in Perth's CBD has reached another record low, falling from 0.7 per cent to 0.5 per cent in January, West Perth has reached a highly improbable milestone – the area is statistically full.
