Dexus provided its investors an overview of the Perth property market and a tour of some of its key assets in the market. The Perth Property Market update was presented by JLL. Key points included; Resurgence in GSP from Mining related sectors Employment levels substantially increasing from mid 2016 low Exports to China lead the recovery Premium Grade vacancy is volatile, currently at 15% following recent completion of Woodside tower. Chevron Tower 53,000sqm is only major building likely to proceed Sub lease space has dropped dramatically Overall Vacancy to drop from 20% to less than 15% by 2023 Effective rental growth returns Positive net absorption due to a return to the City for many corporations. See Presentation #Dexus
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