RESHAPING THE CITY: PERTH
Ultimately, the outlook hinges on decisions made by these largest occupiers. If they expand or bring more people back, demand will concentrate in the core, widening the gap with fringe areas. If flexible models deepen, structural vacancy risks will intensify. In Perth’s smaller market, where demand is concentrated in a few hands, the strategies of the top 50 tenants will define not only how much space is used, but where CBD demand consolidates.
Mining dominates the core and shapes surrounding demand.
CHART 9
TOP 50 TENANTS RTO MANDATES BY INDUSTRY
Mining
Public Sector
Professional Services
Financial and Insurance
Power and Water Services
Construction
Real Estate
Info Media and Telco
Healthcare
Retail Trade
-
50,000 100,000 150,000 200,000 250,000 300,000
Soft/No Mandate
Hard Mandate/Full RTO
Source: Cushman & Wakefield Research
CHART 10
SPATIAL DISTRIBUTION OF KEY SECTORS*
Source: Cushman & Wakefield Research *Clusters represent one standard deviation around the geographic mean of each sector
CUSHMAN & WAKEFIELD | 17
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