Perth Commercial Property in 2025: What Investors and Sellers Need to Know

Perth’s commercial property market is drawing renewed interest in 2025 as infrastructure investment, population growth, and interstate migration reshape demand.

This article breaks down the current state of the market, key investment drivers, and strategic insights for owners considering their next move—whether that’s selling, leasing, or holding for long-term growth.

What’s Happening in Perth’s Commercial Property Market?

After years of steady industrial growth and a rebound in the office and retail sectors, Perth is now one of Australia’s most watched commercial markets. The city’s affordability, proximity to Asia, and population growth are fuelling activity across logistics, mixed-use, and warehousing developments.

Current market highlights:

• Perth’s office occupancy is among the highest in the country

• Industrial land values are rising sharply, especially in growth corridors

• Major infrastructure projects are increasing long-term demand

• Developers are focusing on tenant-ready sites with ESG credentials

From East Perth to the airport precinct, opportunities are being driven by logistics demand, population movement, and transport upgrades.

Why Interest in Perth is Surging: Infrastructure is expanding

Projects like the METRONET rail expansion, Tonkin Highway upgrades, and Perth Airport developments are boosting business connectivity and freight access.

• Logistics corridors now link key industrial zones to ports and highways

• Accessibility has improved for outer metro industrial hubs

• Government investment signals long-term growth certainty

Population growth is creating demand

WA’s population is growing faster than the national average, and Perth’s outer suburbs are absorbing much of that growth.

• More people means more need for retail, services, and last-mile delivery

• Residential expansion fuels demand for nearby commercial/industrial space

• Labour availability is improving across logistics and trade sectors

Perth is affordable compared to the east coast

For investors priced out of Sydney or Melbourne, Perth offers high-yielding opportunities.

• Industrial land still affordable in strategic locations

• Net yields in many sectors outperform eastern counterparts

• Development-ready land presents strong capital growth upside

New zoning and development-friendly precincts

Local councils are easing the pathway to development with simplified planning processes and clearer zoning frameworks.

• Precinct planning supports mixed-use and industrial zones

• Quicker DA approvals allow faster time to market

• Design-and-construct opportunities are increasing

What Types of Commercial Assets Are Performing in Perth? Logistics and industrial lots

The most in-demand assets in Perth are warehouse, hardstand, and logistics properties close to arterial roads or ports.

• Strong leasing demand from transport, storage, and building materials

• Owner-occupiers and investors both active in new precincts

• Perth’s industrial rents are growing faster than the national average

Office spaces in core and fringe areas

Despite national uncertainty, Perth’s office market has remained resilient.

• High occupancy in core CBD and major fringe precincts

• Newer buildings with ESG upgrades are attracting flight-to-quality tenants

• Government and resource-related tenants are expanding footprints

Retail sites in growth corridors

Neighbourhood and convenience retail is recovering well, particularly in outer-metro suburbs.

• Medical and fast-food drive demand for corner-lot or roadside retail

• Demand driven by local population catchments

• Higher foot traffic in centres anchored by strong tenants

Selling in Perth? Here’s What to Consider

If you’re looking to capitalise on momentum, the timing might be right—but make sure you’re selling into a well-prepared market.

Key signals it could be time to sell

• Your site is fully tenanted with long-term leases

• Rents have escalated and the asset’s value has peaked

• Infrastructure or zoning changes have increased demand in your area

• A new development nearby is driving investor interest

Prepare your asset with

• Clean presentation and updated compliance docs

• 3D renders or staging for vacant properties

• IM with development potential and zoning summaries

• Off-market campaign for discretion or broad reach depending on strategy

Holding or Leasing? Strategic Alternatives

If you’re not ready to sell, you still have strong options in Perth’s rising market.

Leasing

• High demand for well-located industrial lots

• Strong tenant covenants lead to competitive yields

• Industrial lease rates continue to grow annually

Repositioning

• Upgrade ESG features for better rent outcomes

• Rebrand and modernise older assets

• Add mezzanine or expand warehouse footprint to meet tenant demand

Develop or subdivide

• Perth councils are increasingly open to subdivision

• Design-and-construct leasing is attracting large-scale tenants

• Smaller units in large estates are attracting owner-occupiers

Final Thoughts

Perth’s commercial property market in 2025 is full of opportunity for proactive owners, developers, and investors. From industrial growth corridors to the evolving office landscape, the key to success is knowing your asset’s potential—and matching it with the right timing and strategy.

Need help selling, leasing, or marketing your commercial property in Perth?
We offer full-service marketing from 3D renders to IM design and off-market campaigns.