A recent market report from the Property Council of Australia reveals that low vacancy rates in Perth rental offices are prompting an increasing number of tenants to refurbish their existing office.
|Our own Sergio Pires, Director at Valmont supports this finding, commenting that “current numbers indicate Perth’s CBD office vacancy rates have dropped since July 2011 from 7.8 per cent to 3.3 per cent”, and adds, “our Perth office is currently receiving a high level of enquiries for fitouts that enable smart business owners to increase their number of staff, without having to search for new premises”. Our wider research also shows a shortage of larger or continuous space (e.g. levels 2-5) to accommodate the positive flow-on effect from the mining, resources markets and other sectors developing their Perth businesses.||For companies considering a refurbishment, we recommend utilising an office space to its full potential by doubling breakout spaces as team meeting and brainstorming areas, using a bench-style workstation configuration and creating dynamic, multi-purpose meeting spaces to divide working areas which can then be removed and replaced with further workstations in the event of expansion. You can find out more about our strategies to maximise space without moving by emailing us here.|