Market statistics
Insight
Perth Office Market Dynamics Q2 2025
- Occupier activity (>1,000 sqm) was predominantly led by tenants within the mining sector, contributing 47% of leasing activity during the quarter.
- The availability of land for development in the CBD has meant we have yet to witness the need for developers to consider conversions or redevelopments of existing stock through the current cycle.
- Perth CBD incentives have moderated off the back of positive leasing demand over the past year, and where there has been a reduction in incentives, they have been particularly prevalent across prime grade office assets.