RESHAPING THE CITY: PERTH
Vacancy is drifting outward from the core, extending west into Statistical Division 2 and east from Division 3 into Divisions 1 and 4, with new pockets now appearing in Division 5.
CHART 2
PRIME OFFICE VACANCY IN JULY 2024 (SQM)
Source: PCA, Cushman & Wakefield Research
The core holds 56% of space but only 29% of vacancy, alongside roughly 71,000 sqm of net absorption, compared with a -18,000 sqm outcome for non-core prime assets.
CHART 3
PRIME OFFICE VACANCY IN JULY 2025 (SQM)
Source: PCA, Cushman & Wakefield Research
CUSHMAN & WAKEFIELD | 9
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