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Perth Office Market Overview - Sept 2017


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Highlights:

The first decline in the Perth CBD Office Vacancy Rate since January 2012 has provided an indication that the market has reached the bottom of the cycle.

Whilst the vacancy rate is forecast to remain at similar levels into 2018, the Prime market is expected to experience some effective rental growth due to easing incentives.

A recent spike in transactional activity from local, national and offshore purchasers indicates counter-cyclical purchasing has commenced.

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