Posted on Thursday, May 26th, 2011 in by Matt Garmony
Recent reports on the Perth office leasing market are indicating the vacancy rate is falling and is forecast to drop below 5% by 2014 driven by the expansion of the Western Australian resource sector. The vacancy rate is expected to fall until the major building projects currently under construction are completed in mid 2012. The fringe CBD office leasing market is experiencing a greater take up of vacant space, however rental rates have yet to show significant growth.
The licensed valuers at Garmony Property Consultants in Perth assist both landlords and tenants with market rent review valuations and determinations as well as providing independent rental advice to prospective tenants and landlords entering into new leasing agreements.