![*](https://research.savills.asia/_images/perth-office(1).jpg)
Spotlight Perth Office Q1 2023
"Strong economic conditions in WA are supporting demand for office space in the CBD, which is boosting rental growth."
Tagged Articles
"Strong economic conditions in WA are supporting demand for office space in the CBD, which is boosting rental growth."
"It’s been a year of transition from the Covid impacted lows, to the post-pandemic recovery and honeymoon period, tempered by a changing world economy and forecast headwinds for 2023."
"The property market has been busy, even with few foreign buyers. "
"The Office sector has proven to be resilient through the pandemic. Capital values have remained unchanged the last 12 months, a reflection of how Australia handled the COVID-19 pandemic generally, which ultimately increased investor confidence in the office sector."
"The Australian economy grew by 1.8% in the March quarter, being the only G7 Nation that has recorded GDP growth relative to pre-pandemic GDP. With the pandemic causing many retailers to close due to Government imposed lockdowns and foot traffic drastically reduced, retail property was negatively impacted."
"Industrial property in Australia has experienced strong capital value growth and yield compression with continued demand from domestic private, institutional groups and foreign investors."
"A positive outlook for the life science sector"
"The property market in 2019 has fundamentally stood tall and demonstrated its resilience. This low for longer interest rate environment means real estate will continue to be well sought after as investors chase yield."
"A care is being delivered across the sector in Australia. "
"Our specialist Retail Investments team is one of the most experienced teams in the region. We have dedicated operatives in each of Australia's major capital cities, combining local knowledge with national and international experience, across all retail property types including development site sales. With particular expertise in property auctions, expressions of interest and off-market campaigns, Savills has transacted more than 80 properties totalling over $1.5 billion over the last two years."