What is the average Class A rent in Perth?

Around 660 AUD/sqft/yr ($440 USD) across the broader Class A index. Trophy submarkets like Perth CBD / St Georges Terrace command 20–40% above that.

How many months of rent-free are normal in Perth?

12 months on a 7-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

Are rents rising or falling in Perth?

The Perth Class A market is currently rising. Vacancy is 14.6%, which sets the negotiating context.

Headline Class A rent in Perth is around 660 AUD/sqft/yr ($440 USD), with 12 months of typical rent-free on a 7-year term.

Headline Class A rent: 660 AUD/sqft/yr ($440 USD).
Trophy submarket rents (Perth CBD / St Georges Terrace) push to roughly A$480/sqm/yr · ≈ $29 PSF/yr USD.
Typical concessions on a 7-year deal: 12 months free rent.
Vacancy stands at 14.6% — market trend is rising.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Perth Class A office rents and incentives

Headline Class A rent in Perth is around 660 AUD/sqft/yr ($440 USD), with 12 months of typical rent-free on a 7-year term.

TL;DR

Headline Class A rent: 660 AUD/sqft/yr ($440 USD).
Trophy submarket rents (Perth CBD / St Georges Terrace) push to roughly A$480/sqm/yr · ≈ $29 PSF/yr USD.
Typical concessions on a 7-year deal: 12 months free rent.
Vacancy stands at 14.6% — market trend is rising.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Headline rent vs. effective rent

Asking rents in Perth are quoted in AUD per sqft per year. Across the broad Class A index the figure is 660, but the trophy tier in Perth CBD / St Georges Terrace reaches roughly A$480/sqm/yr · ≈ $29 PSF/yr USD. Always discount headline rent by the present value of free rent and fit-out-capex">tenant improvement allowance to land on effective rent — the only number that compares cleanly across deals.

Rent-free and TI

Standard Perth concessions on a 7-year Class A lease run to 12 months of base-rent abatement. Trophy lease-ups can push rent-free 25–40% above that benchmark. Local cost-of-occupancy is also shaped by tax — Australian federal corporate tax of 30%. Western Australia payroll tax. 10% GST.

Where rents land by submarket

Perth CBD / St Georges Terrace sits at the top end (~A$480/sqm/yr · ≈ $29 PSF/yr USD). West Perth clears around A$408/sqm/yr · ≈ $24.6 PSF/yr USD as the prime tier. Subiaco represents the value end at ~A$360/sqm/yr · ≈ $21.7 PSF/yr USD. The full submarket map is on the Perth city page.

Key facts

city	Perth
country	Australia
region	APAC
classARentLocal	660 AUD/sqft/yr
classARentUsd	$440/sqft/yr
vacancy	14.6%
typicalLeaseYears	7
typicalRentFreeMonths	12
submarkets	5
primeYieldPct	6%
trophyRent	A$480/sqm/yr · ≈ $29 PSF/yr USD
primeRent	A$408/sqm/yr · ≈ $24.6 PSF/yr USD

Frequently asked questions

What is the average Class A rent in Perth?: Around 660 AUD/sqft/yr ($440 USD) across the broader Class A index. Trophy submarkets like Perth CBD / St Georges Terrace command 20–40% above that.
How many months of rent-free are normal in Perth?: 12 months on a 7-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.
Are rents rising or falling in Perth?: The Perth Class A market is currently rising. Vacancy is 14.6%, which sets the negotiating context.

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction