Insights H1 2026 | 45 Perth’s commercial market is looking very healthy at present. In the key industrial markets, Anthony Vulinovich of Commercial WA, says, “A significant undersupply of industrial land continues to push land rates to new heights, with average industrial land rates now exceeding $700 per square metre within 20 kilometres of the Perth CBD.” This price pressure isn’t expected to ease any time soon given the limited supply of new land developments likely to come onto the market within the next 12-18 months. Supply is being further compressed by limited in-fill sales. Modern industrial built-form stock continues to be in short demand, with lease transactions involving minimal – if any – incentives, and average rates pushing from $150 to $200 per square metre for sought-after stock. Terry Menage terry.menage@rhcwa.com.au Commercial WA Office Industrial Retail Rents p/m² n/a Vacancy n/a Yields n/a Rates p/m² n/a Six-month market outlook Office Industrial Retail Rents p/m² $250-$550 $140-$200 n/a Vacancy 5%-15% Below 2% n/a Yields 6.5-8% 5.75-6.5% n/a Rates p/m² $3,500-$7,000 $2,500-$3,500 n/a Current market conditions $4,340,000 39 Cedric Street, Stirling Recent Notable Transactions SOLD $3,800,000 11 Macadam Place, Balcatta SOLD For more information, contact: Anthony Vulinovich anthony.vulinovich@rhcwa.com.au
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