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Perth CBD Office market overview - March 2016

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Perth CBD Office market overview - March 2016

There was 113,463m2 of new supply added to Perth CBD stock since July 2015. This is attributed to a number of buildings across the CBD. The Old Treasury building at 28 Barrack Street reached completion as well as Brookfield Place 2, 999 Hay Street and the majority of the Kings Square development (KS2, KS3 & KS4) with the exception of KS1 which reached completion in early 2016. Also due for completion in the first half of 2016 is the partial refurbishment of 55 St Georges terrace producing 6,470m2 of newly refurbished office space to the Perth CBD. Of these completed developments the level of precommitment varies leaving approximately 21,800m2 of space not committed.

Source : Knight Frank

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