ASIA PACIFIC OUTLOOK 2025

PERTH

NEW SUPPLY

2024 has been relatively quiet compared to 2023, which saw an addition of 106,000 sqm of new stock. With projects delayed or withdrawn to allow the market to absorb existing supply, completions in 2024 were limited to just 66,000 sqm.

120,000

FORECAST

100,000

80,000

Similarly, 2025 is expected to remain subdued, with only 33,500 sqm scheduled for delivery.

60,000

40,000

Beyond 2025, the market faces a supply drought, as no new pipeline projects are currently planned until 2030.

NEW SUPPLY (SQM)

20,000

-

2022 2023 2024F 2025F 2026F 2027F 2028F 2029F

Cushman & Wakefield

ASIA PACIFIC OUTLOOK 2025

Source: Cushman & Wakefield