If executed, the Leighton lease would be the Perth CBD’s biggest office lease deal for a year.
Office space at Workzone is being rented at about $600 per annum per square metre, according to The Australian.
According to the Property Council of Australia’s most recent Office Market Report (stock and vacancy report), vacancy in the Perth’s CBD office sector fell to 7.8 per cent, from 10.2 per cent.
Brisbane was another strong performer. Vacancies in that CBD fell to 7.4 per cent, from 9.4 per cent. Australia’s biggest capital city, Sydney, reported an 8.4 per cent vacancy, according to the PCA.