Perth, Western Australia

Office rents in Brisbane could fall 6.4 per cent by next year as vacancies rise. Photo: SCMP

Office market in Perth, Brisbane to slump, bank says

Vacancies in Perth's central business district will surge to 17.5 per cent in the next three years from 6.5 per cent now, and in Brisbane will soar by about 10 percentage points to 23 per cent, analysts led by Lou Pirenc wrote in a note this week.