The tides are starting to change for the Commercial Property Sector in WA

A combination of an increase in commodity prices, renewed investment interest and a decrease in office vacancy rates and has industry convinced there is a positive shift occurring in the WA Commercial Property market. This was the key take out of the 2018 Property Council Commercial Conference which was held last week at Crown.

The Minister for Commerce, the Hon Bill Johnston opened the event and outlined the State Government’s economic plan and industry reforms.

This was followed by a lively panel discussion with Perth’s leading commercial property owners and managers on how a strengthening WA economy will influence commercial property activity.

The conference included interesting talks on smart energy management systems, advancements in visual asset management technology, cyber security and technology for commercial buildings as well as an update on the progress of the WA Building Commission’s state-wide cladding audit.

Jeff Oatman from the Green Building Council of Australia discussed the benefits a heathy building has on tenants and how wellness can support productivity and performance. Anthony Kannis provided an update on Perth’s next game-changing infrastructure project, METRONET.

The event finished with an engaging panel discussion with energy and technology experts on disruption and resilience in the commercial property sector.

The conference was supported and sponsored by Lavan, Yardi and Synergy.