Tight leasing market creating opportunities in Perth: Raine & Horne

Tight leasing market creating opportunities in Perth: Raine & Horne
Tight leasing market creating opportunities in Perth: Raine & Horne

Perth's leasing market is tight, with tenants seeking lower costs and space with “capacity provision” for earnings upside, according to property experts at Raine & Horne. 

Anthony Vulinovich, director at Raine & Horne Commercial WA, recently told the West Australian that the Perth leasing market "was tight".

He cited the example of the former Gliderol Garage Doors facility at 48 Luisini Road, Wangara, built in 2013.

It is a 3,337 square metre building on a 7,200 square metre site. It has a two-level office and a large factory.

“The acquisition (of Gliderol by DuluxGroup) has left a large vacancy and created a bargain sublease opportunity on a freestanding office-warehouse facility, asking overall just $75/sqm plus outgoings plus GST,” said Anthony.

The sublease would run until 2020.

Tags: 
Commercial Lease

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