Leasing activity continues to soar in Perth, Western Australia, underpinned by strong levels of activity across several sectors. Colliers Office Leasing Associate Director, Antonio Trimboli recently completed a full floor leasing deal to a Federal Government tenant at the Centuria Capital Group (ASX: CNI) managed Australia Place on a five-year term.

The leasing transaction was secured across 1,227sqm within a recently completed speculative fit-out.

Australia Place is located at 15-17 William Street in the heart of Perth’s CBD.

The tenant was attracted to the building’s high-quality fit-out and proximity to amenity and public transport.

National Director Office Leasing, Jemma Hutchinson said “Australia Place is in the process of undergoing a full lobby refurbishment. This repositioning of the asset will further cement Australia Place as a sought-after accommodation option for corporate occupiers.”

Mr Trimboli said “We continue to see sustained demand for good quality fitted space within the Perth CBD. Landlords that can offer a turn-key office solution will have a significant competitive advantage."

Highly sought-after wellness, experience and ESG features, often required to push leasing deals for quality assets across the line, will commence redefining the investment landscape this year.

Mr Antonio Trimboli said “The value of office space has evolved post pandemic to emphasise employee experience over headcount to space ratios. This is further emphasised by the battle for talent – with staff attraction and retention front of mind, occupiers are taking the opportunity to upgrade their accommodation and ensure their employees are given the best working experience possible.”

Moving forward, quality office assets with considered community and staff amenity pillars in prime catchment areas will remain highly sought after.  

Mr Trimboli said “With four consecutive halves of positive net absorption, sentiment in the market is positive. Whilst we will have new and refurbished supply hitting the market we anticipate vacancy levels to continue to decline given how active the leasing of back fill space has been.”

We anticipate these strong levels of enquiry and leasing activity to continue throughout the balance of the year.  

To request a lease analysis please contact the leasing agent Colliers Office Leasing Associate Director, Antonio Trimboli via the below contact details. 

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