The Perth retail strip market has seen a notable uptick in occupancy across the eight surveyed areas.

The Western Australian commercial property sector has experienced varied outcomes in the last year, with some assets classes performing well and others creating opportunistic buying opportunities.

RWC WA's inaugural Retail Wrap report gives an overview of the major retail transactions over the first half of 2024.

The industrial property sector continues to be the most desirable and top-performing commercial real estate asset class nationwide. Limited availability of stock has statistically led to a decrease in leasing and sales transactions. Many buyers have caution relating to financing, future interest rates, commodity prices, and the state of the economy which has vendors, buyers, and tenants to be more considered in their upcoming property decisions.

The Perth CBD and West Perth market have continued to be hampered by limited tenant demand keeping vacancies elevated in 2023.

The Perth retail strip market has enjoyed improvement in overall occupancy over the five strips we have surveyed in the past five years. We have added a further three retail strips to this edition.

The industrial asset class continues to reign as the most coveted and high-performing commercial asset class across the nation. However, prevailing uncertainties regarding financing, interest rates, commodity prices, and the economy at large have induced a sense of prudence among vendors, buyers, and tenants, causing a slight dip in transaction activity for both leasing and sales. Despite this downturn, vacancy rates in the metropolitan area remain low, with a slight upsurge in smaller and larger assets being made available to the market.

Western Australia has been an outstanding performer when it comes to office market activity over the last year, second only to Queensland markets. For the CBD, Perth sits behind Brisbane for annual net absorption for the 2022 calendar year at 19,388sqm moving further ahead of the trophy office markets of Sydney or Melbourne CBD. This continued level of take up has been across…

After a strong start to 2022, consecutive interest rate rises have resulted in a slight lull in investment activity. While volumes for the year continue to exceed those of years prior to 2021 buyers are becoming more considered with their investment decisions. By far the biggest driver in sales has been owner occupiers who are paying much higher prices than investors or developers can justify…

The Perth retail strip market has enjoyed improvement in overall occupancy of the five strips we survey. It has been an interesting time for the WA economy, trending well during the pandemic with strong GSP results propping up the national economy…

The commercial property market has had an interesting ride since the onset of COVID-19. The immediate reluctance to transact followed by interest rate reductions and available finance which caused demand to soar across most asset classes across the country resulting in…

During 2021 the demand for industrial assets across Australia was outstanding, investors continued to actively compete for assets resulting in new highs in transaction volumes, capital values and lows in yields. Taking advantage of…

The Perth office markets have been one of the best performers across Australian office markets. For CBD’s, Perth has led the charge recording the highest annual net absorption for 2021 calendar year at 67,550sqm…

The Perth retail strip market has shown robust levels of rebound in what appears a post COVID-19 economy for the State of Western Australia. Improving economic conditions of the State has had a significant impact on employment and residential house prices which has served to stimulate local retail trade levels across most sectors.

During 2021 the demand for industrial assets across Australia was outstanding, investors continued to actively compete for assets resulting in new highs in transaction volumes, capital values and lows in yields. Taking advantage of…

It was a difficult start to the financial year for the Australian economy, concerns for COVID-19 remain heightened despite cases dissipating and most staff having returned to work. While there were good results for WA the sentiment remained difficult on…