Perth may have the highest office building vacancy rate nationally, but that's done little to dampen the confidence of investors, developers and real estate agents.
Will working from home reshape the role of the office? Business News explores the potential impact on Perth's commercial property sector as part two of the Working From Home Series.
Nearly half of Western Australia's major shopping centre retailers are operating on reduced hours despite relaxed COVID-19 restrictions, according to a study conducted by Y Research.
Major commercial construction jobs have been derailed by the novel coronavirus crisis, with neither the public nor the private sector stepping up to provide certainty for contractors.
Just 37 per cent of shops at Western Australia's biggest malls and main street retail strips are open for trade, laying bare the impact of the COVID-19 crisis on the retail sector.
Seven West Media is understood to have gauged market interest for its Osborne Park property assets, but any sales process has likely been placed on hold because of continuing economic turmoil.
A-grade buildings in suburban locations are the best-performing office stock in Perth, according to fresh research which found that just more than 20 per cent of all commercial office buildings in the metropolitan area are vacant.
SPECIAL REPORT: New retail property developments are driving offerings that capitalise on lifestyle needs, but five of the biggest projects are yet to push the button.
More than 40,000 square metres of space in suburban office buildings have been vacated during the past 12 months, a result driven more by companies downsizing rather than growth in the number of firms moving to the CBD.
Theoretically speaking, office workers in Subiaco have to wait about seven times as long as their Claremont counterparts for a morning coffee, an analysis of amenity levels across 50 suburban office markets has revealed.
Office tenants are favouring properties owned by listed trusts and superannuation funds over private owners, as competition to fill vacant buildings along the terrace intensifies.
A recent flurry of leasing deals by oil and gas-related firms has provided hope that Perth's CBD office market has hit the bottom, despite further downsizing expected in the energy sector throughout 2017.
Office vacancies in Perth's CBD have peaked, according to some in the commercial property sector, with markets expected to stabilise as construction of new offices slows.
Downsizing in the resources sector is outstripping emerging demand from technology, medical and education businesses for CBD office space according to a new report by independent property research firm Y Research.
Law firm Gilbert + Tobin is the latest company in Perth to shift address, as firms with expiring leases take advantage of the most tenant-friendly market in 25 years.
SPECIAL REPORT: Perth's suburban office market is becoming as patchy as that in the CBD, with Joondalup and Fremantle emerging as the only upcoming opportunities for new developments.
An increase in office vacancies in Perth's CBD has shifted the market dynamic clearly in favour of tenants, but despite a historically high level of empty floors, there is little choice for companies that need a lot of space.
Perth's commercial property sector is reeling from the simultaneous downturn in iron ore and oil and gas, but the WA capital is not alone among global resources hubs.
Commercial landlords in West Perth are coming under increasing pressure to retain tenants, as the near-city suburb's office vacancy rate hits all-time highs.
