CON 06
RESHAPING THE CITY: PERTH
CLUSION
Perth’s office market stands at a turning point. The fundamentals of centrality and quality continue to dictate performance, yet the city’s trajectory will be defined by how its largest occupiers, landlords, investors, and policymakers respond to shifting patterns of work and demand. Mining and government will remain the bedrock of Perth’s CBD, but their softer approach to RTO, coupled with mining’s push into more innovative workplace models, signals that future space needs may not be fixed, even for the city’s largest occupiers. Instead, the next chapter lies in harnessing the CBD’s strengths – core resilience, high-rise quality, and sector clustering – while actively repositioning non-core areas most exposed to vacancy and upcoming lease expiry. The challenge is also the opportunity: Perth can evolve from a market of contrasts into one of balance. Reinforcing the gravitational strength of the core while breathing new life into the fringe will determine whether the CBD grows more concentrated, or more diverse. Success will depend less on whether demand exists, and more on how it is channelled – shaping not only the next leasing cycle, but the city’s urban identity for the decade ahead.
CUSHMAN & WAKEFIELD | 23
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