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 the city and size ranges with demand coming from a mix of professional and technology services both for new and growing businesses. Perth’s rigid border controls has allowed the office markets to continue working at full force with lockdowns and working from home not featured as prominently as the East Coast.
