It’s an exciting time for commercial property in Western Australia. At Holdsworth Real Estate, we’ve been tracking the latest data, and the results for the year ending December 2025 show a market that is resilient, high-performing, and increasingly competitive.
Across the board—Industrial, Retail, and Office—median sale prices per square metre have climbed. However, the story behind the numbers is one of high demand meeting a significant shortage of available stock.
Industrial: The Star Performer of 2025
The industrial sector continues to lead the way, with the median sale price per sqm jumping 15.5% to reach $2,935.
The driver here is simple: Scarcity. Much like the residential market, new industrial developments are facing hurdles, including:
- Delays in planning and subdivision clearances.
- Challenges securing power and water connections.
- Intense competition for builders and trades from the mining and infrastructure sectors.
Interestingly, while prices are up, the number of sales fell by 12.5%. This isn’t due to a lack of interest—demand from owner-occupiers and investors remains incredibly strong—there simply isn’t enough property on the shelf to meet it.
Local Insight: The South West sub-region saw the highest volume of sales, largely fueled by the massive industrial interest surrounding the AUKUS project.
Retail: Yield-Seekers Driving Interest
Perth’s retail market recorded a solid 4.0% increase in median price per sqm, now sitting at $5,237.
As industrial prices rise and yields compress, we are seeing a noticeable shift. More commercial investors are turning their attention back to retail. This trend is being supported by local councils revitalising retail precincts to increase foot traffic, adding value to properties in those areas.
- Top Spot: The Inner sub-region remains the premium choice, commanding a median price of $6,200 per sqm.
Office: The Rise of the Suburban Suite
The office sector was another big mover, with median prices rising 9.8% to $4,844 per sqm.
What’s particularly interesting is where the heat is. While the Inner sub-region recorded the most sales, there is a distinct surge in demand for suburban offices, specifically those in the 150-250sqm range. As businesses look for flexibility and proximity to where their staff live, these smaller professional suites have become highly sought-after assets.
2025 Commercial Snapshot at a Glance
| Sector | Median Price per sqm | Annual Growth | Key Market Driver |
| Industrial | $2,935 | +15.5% | Supply shortages & AUKUS interest |
| Office | $4,844 | +9.8% | Demand for 150-250sqm suburban suites |
| Retail | $5,237 | +4.0% | Investors shifting from industrial for yield |
What This Means for You
Whether you are an owner-occupier looking for your next base of operations or an investor seeking a high-growth asset, the Perth commercial market offers significant opportunities—but you have to move quickly. With supply remaining tight, off-market opportunities and expert negotiation are more important than ever.
Are you curious about the current value of your commercial asset, or looking to secure a footprint in one of these high-growth sectors? Let’s discuss your goals!
