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City space still tight
8-May-08
Written by Emily Piesse
Not so long ago it seemed that Perth was a tenants’ market, with property owners shopping for companies to anchor their new buildings.
But those days are a distant memory, with the office vacancy rate in the CBD plummeting to just 0.15 per cent in March this year, according to data released by Jones Lang LaSalle this week.
And despite a new wave of projects due to commence, supply is nowhere near meeting demand.
One player to have been partially forced out of the CBD is oil and gas giant Chevron, which will move part of its Gorgon project team from QV1 to West Perth, having signed on to a new 3,900 square metre office building at 26 Thomas Street.
Article continues...
8-May-08
Written by Emily Piesse
Not so long ago it seemed that Perth was a tenants’ market, with property owners shopping for companies to anchor their new buildings.
But those days are a distant memory, with the office vacancy rate in the CBD plummeting to just 0.15 per cent in March this year, according to data released by Jones Lang LaSalle this week.
And despite a new wave of projects due to commence, supply is nowhere near meeting demand.
One player to have been partially forced out of the CBD is oil and gas giant Chevron, which will move part of its Gorgon project team from QV1 to West Perth, having signed on to a new 3,900 square metre office building at 26 Thomas Street.
Article continues...
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