Greater Perth
Office and Industrial
Settled Transactions
& Lease Report

State Comparison

H1 2026 Office Sales Activity — State Comparison

Economic Performance

Western Australian Economic Backdrop, Q2 2026

* Source: Australian Bureau of Statistics (ABS), WA Government

Office activity across Greater Perth reflects differing occupier and investor preferences. The Perth suburb led leasing in Q2 2026 with eight leases at a median commencing rate of $675/m², a premium over West Perth ($351/m²), while West Perth recorded 11 sales with a near-even split between strata and freehold. Strata sales dominated in Osborne Park, Subiaco and Mount Pleasant, pointing to a two-speed market where leasing favours central locations and ownership supports sales across suburban precincts.

State Comparison

H1 2026 Industrial Sales Activity — State Comparison

Historical Activity

Greater Perth Industrial Sales Activity by Quarter

Industrial sales in Greater Perth reached $478.1 million in Q2 2026, up 18.6% on the previous quarter and 16.8% above Q2 2025. Freehold sales drove the recovery, climbing 54.1% year on year to $373.7 million, while strata sales fell 37.4% to $104.4 million. Freehold accounted for 78.2% of quarterly sales value, against 59.2% a year earlier.

Arealytics-drafted. Fixed annual increases are the most common review structure across Greater Perth’s industrial leases (62.8%), with CPI-linked reviews a further 31.7%. Escalations of 3.0% lead (28.5%), followed by 3.1% (20.4%), and five-year terms are the most common commitment (39.1%).

Structure-Type Rent Trend

Median Commencing Rate by Structure Type

Industrial · quarterly · Q1 2023 — Q2 2026 · gaps = no leases recorded

Wangara led industrial activity across Greater Perth in Q2 2026 with 22 combined sales and leasing transactions, followed by Malaga (18) and Maddington (10). Strata sales drove much of the activity in Wangara and Malaga, with 14 and 10 transactions. Median commencing rents ranged from $135/m² in Malaga to $277/m² in Osborne Park, and Wangara’s strata median of $3,830/m² sat well above freehold at $2,834/m².

Methodology

Methodology Statement

Important Notice

Disclaimer & Terms of Use

This report has been prepared by Empirical CRE Pty Ltd ("Arealytics") in partnership with Real Estate Institute of Western Australia ("REIWA") for general information purposes only. It presents a snapshot of Greater Perth office and industrial market activity for the second quarter of 2026, with sales activity covering the first half of 2026.

The information contained in this report is derived from a range of sources, including publicly available records, third-party data providers and Arealytics' own research. While all reasonable care has been taken in its preparation, Arealytics makes no representation or warranty, express or implied, as to the accuracy, completeness or currency of the information, and accepts no liability for any loss or damage arising from reliance upon it.

The figures presented reflect market conditions as at the date of publication and are subject to revision as further data becomes available. Past performance is not a reliable indicator of future performance.

Nothing in this report constitutes financial, investment, taxation or legal advice, and it should not be relied upon as such. Recipients should obtain independent professional advice before making any decision based on its contents.

The contents of this report remain the intellectual property of Arealytics and intended solely for the named recipient which has requested a copy. It may not be reproduced, distributed or referenced, in whole or in part, without reference to Arealytics.