The Insight | Perth Industrial Vacancy & Market Overview | June 2024
The industrial property sector continues to be the most desirable and top-performing commercial real estate asset class nationwide.
The Perth CBD and West Perth market have continued to be hampered by limited tenant demand keeping vacancies elevated in 2023.
Unlike most office markets across the country, Perth has not felt the same impact of hybrid working conditions as other locations. This has put the leasing market in good stead for this year, already recording some improvements in face rents across all quality grades.
The industrial property sector continues to be the most desirable and top-performing commercial real estate asset class nationwide.
Over the past two decades, the number of data centres around the world has been steadily increasing, with Australia now ranking as the seventh most populous country for these facilities.