Commerical Update: Suburban Strength in an Uncertain World

May 2026


Perth’s commercial property market is holding firm through global headwinds, with suburban and fringe markets leading the charge. WA’s structural fundamentals — a resources-backed economy, population growth above 2% per annum and industrial vacancy at just 2.7% in Q1 2026, continue to underpin confident deal-making despite global uncertainty.

 

Social infrastructure remains the standout investment category, with childcare, fuel and medical assets attracting serious private capital on the back of long leases and community-essential demand that holds regardless of where the economic cycle sits.

 

The team’s results since January speak for themselves. Jake Wallman and Simon Brady have driven $28M+ in childcare transactions, Jack Bradshaw has delivered strong owner-occupier results across the suburban fringe, Colm McHugh has settled six Meridian Park lots in Neerabup, and the $15.7M sale of 236 Railway Parade, West Leederville to Finbar Group stands as one of the quarter’s most significant mixed-use transactions.

 

  • $82M+ in property sales settled January to April 2026
  • Jake Wallman & Simon Brady — 61 Ocean Keys Blvd, Clarkson, WA’s largest childcare centre, 223 places, 15-year net lease to Atlantis Childcare
  • 236 Railway Parade, West Leederville — $15.7M to ASX-listed Finbar Group, 240-apartment mixed-use development proposed
  • Jack Bradshaw — 7 Pike Street, Karrinyup, $2.85M, reflecting continued owner-occupier demand across suburban fringe markets
  • Colm McHugh continues to lead the Neerabup industrial corridor, with six Meridian Park lots settled and limited new supply in sight

For a deeper dive into the latest market trends and insights, read our latest commercial update see below:

 

Brian Neo

Managing Director

0411 868 486

Learn More

Sterling News

View all news

Stay up to date with the latest property news and insights and sign up to our mailing list.

Subscribe