As Perth’s suburban office vacancy rate hits a record low of 9.4%, competition for high-quality fringe located offices is rising. KingKira Group’s five-year lease of 1,036sqm at Level 2, 21 Kintail Road, Applecross, highlights the growing demand for premium office space outside the CBD.
21 Kintail Road offers an exceptional corporate environment with expansive Swan River and CBD views, natural light on all sides, and an efficient floor plan that enhances both functionality and aesthetics. Its design and amenities made it a compelling choice for KingKira Group, reinforcing the growing demand for fully fitted, well-located suburban office space.
The suburban office sector has almost halved its vacancy rate since 2019, outperforming the Perth CBD (14.9%) and West Perth (11.5%). With limited new office supply and rising demand from small and medium-sized businesses, properties like 21 Kintail Road are now in high demand.
Applecross is one of Perth’s most desirable commercial precincts south of the river, offering immediate freeway access, proximity to Canning Bridge Station, and a strong business community. As businesses prioritise location, accessibility, and A-Grade assets high-end offerings, demand for premium suburban offices is surging.
Beyond location, workplace experience is now a key driver of leasing decisions. 21 Kintail Road provides employees with a ground-floor café, secure underground parking, and modern end-of-trip facilities, including showers, lockers, and bicycle storage. These features are no longer considered luxuries—they are expectations in today’s market.
According to Sterling Property Senior Partner Jack Bradshaw, the tightening suburban market is placing greater emphasis on quality, accessibility, and existing fit outs.
“This office offers a corporate standard of accommodation rarely found outside the CBD. The existing high-quality fit out, river views, and accessibility make it a standout in the tightening suburban office market.”
With 500sqm and 750sqm fully fitted offices still available, businesses have an opportunity to secure a best-in-class workplace in one of Perth’s most in-demand office markets.
“This remaining fully fitted opportunity present a unique chance for businesses to secure a premium workspace with accessibility particularly if your business requires a presence south of the river” Mr. Bradshaw added.
For further details or to arrange an inspection, please contact:
Jack Bradshaw – Senior Partner, Sterling Property | M: 0439 095 336 | E: jbradshaw@sterlingproperty.au
Colin Gilchrist – CBRE | M: 0410 336 241 | E: colin.gilchrist@cbre.com
