Perth Commercial Property News

Just a week after WA Premier Colin Barnett was on hand to turn the first sod at its $400 million mixed-use project, the Hong Kong-listed Far East Consortium has put The Ritz-Carlton Perth on the block. This article originally appeared on theaustralian.com.au/property.

The Australian capital city office vacancy rate is at the highest point in two years, as a growing number of spaces come on to the market and areas outside of Sydney and Melbourne struggle. This article originally appeared on theaustralian.com.au/property.

Australia’s two-paced retail market has continued to diverge, with rental growth in Sydney and Melbourne still gathering steam, while other cities tread water or lose ground.

AMP Capital has appointed Brookfield Multiplex to build the $600 million redevelopment of Perth’s Karrinyup Shopping Centre, just hours after CBD shopping centre Carillon City hit the market.

Perth’s office market will continue to be pounded by the mining downturn, with rents in the city’s skyscrapers to fall a further 23% and stay depressed for 10 years, research says. This article originally appeared on theaustralian.com.au/property.

Perth’s much-maligned office market is just months away from turning the corner, analysts say, with the vacancy rate expected to peak later this year.

Large format retail is coming to Perth Airport, with Vicinity Centres to develop a Direct Factory Outlets complex on airport land.

Melbourne industrial rents grew for the first time in 20 years during the first quarter of 2016, according to new data.

The factory that kept Western Australia supplied with Smith’s potato chips for the past three decades is to be sold just months after it shut down.