News Articles for Nick Van Helden

Property Council figures show a 0.2 per cent lift in Perth's office vacancy to 15.9 per cent, the second highest in the country but amid an influx of new supply.

The Property Council's latest biannual office market report shows a slight drop in Perth's office vacancy in the six months to January 2023.

The CBD has seen a 0.8 per cent increase in office vacancy rates in the past six months as new supply hits the market, Property Council figures show.

Property leaders shed some light on the residential and commercial markets' performance during 2020 and what they expect for the year ahead.

Perth CBD office vacancies increased during the second quarter of 2020 according to JLL, however the state is tipped to fare better than the east coast in the coming months.

Professional services and flexible office providers have provided a boost to momentum in Perth's CBD office market, with the Property Council of Australia's vacancy rate continuing to decline and top-quality office accommodation becoming scarce.

Perth's office market is continuing its recovery, with vacancies falling for the fifth consecutive quarter and the city recording the second-highest office takeup of any Australian city in 2019.

A decreasing office vacancy rate and improving fundamentals in the wider economy have failed to halt the slide in confidence in Western Australia's commercial property sector.

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.

Perth now has the highest vacancy rate of any office market across capital cities in Australia, according to fresh research by JLL, with 16.6 per cent of commercial space in the CBD sitting empty.

Offshore buyers are increasingly interested in Perth office stock, but limited assets for sale and the city's rising vacancy rate are stifling opportunities.

Perth's office vacancy rate has jumped to 14.7 per cent, according to commercial agency JLL, with statistics showing the CBD has the highest A-grade vacancy in Australia.

Perth's commercial property leasing market has recorded a solid start to 2013, with more than 21,000 square metres of office space already committed and around 12,000sqm of pre-commitments in the w

A CONSORTIUM of private investors has kicked off construction of a Perth CBD office building without pre-committed tenants, punting on the continuing strength of the market.

A LACK of supply will be the big issue for Perth's office market in 2012, with record-high office take-up figures sending the CBD vacancy rate spiralling to its lowest level in three years.

GDI Property Group says it will undertake one of the largest refurbishment projects in the Perth CBD's history, with its $50 million revamp of the former Governor Stirling Tower complex at 197 St G

Perth's pressure-cooker office market is driving the development of a number of smaller projects on the edge of the CBD as city tenants seek space to consolidate their operations and take advantage

National Mutual Building, 88 Colin Street West Perth (1)

Honeywell Building, 176 Burswood Road, Burswood (1)

Durack Centre, 263 Adelaide Terrace Perth AXA Centre, 111 St Georges Terrace Perth 172 St Georges Terrace Perth