Perth CBD Office Market
Key metrics and trends for the Perth CBD (WA) office market.
Vacancy Rate
15.1%
Falling
Avg Net Face Rent
$650
$450 – $880 /sqm/yr
Avg Incentive
37.0%
30.0% – 45.0%
Market Sentiment
Tenant Favoured
Effective Rent
Low
$280
Average
$410
High
$600
Vacancy Rate History
19.4%2019
20.1%2020
19.8%2021
18.5%2022
17.2%2023
16%2024
15.1%2025
Supply Pipeline
62,000 sqm
Under construction, expected completion 2027
Major projects:
- Elizabeth Quay Lot 6 (32,000 sqm)
- Perth Hub (30,000 sqm)
Last updated: 2025-06-30
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