• AN INFLUX of new office space in Perth’s CBD and weakening demand by tenants has resulted in the highest vacancy rate for 20 years.

The Property Council of Australia’s office market report found the CBD’s office vacancy rate rose from 19.2 per cent to 21.8 per cent in the six months to August 2016, the highest since 1992 when it was 31.8 per cent.

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Perth Office

Office vacancies in the Perth CBD are at a 20-year high.