The Perth CBD office vacancy rate continues to climb due to negative demand for office space and more new office supplies. However, a lack of new office supply in the pipeline, will help to stabilize the key CBD market in 2017.

The Property Council’s latest Office Market Report found the Perth CBD office vacancy rate rose from 21.8% to 22.5% during the six months to January 2017. Nationally, the average vacancy rate remained steady shifting slightly from 10.45% to 10.5%. “Perth is near the end of a decade-long new office supply…