Scott O'Neill

We see tenant legends over hundreds of properties every few months.

And the amount of tenants claiming on large discounts is surprisingly little.

And that's probably just one of those things you've got to consider when you're investing.

Sometimes the media can exaggerate certain points.

But at the same time, there has been some speculation.

weakness and you know to sort of tell you the office market in cbds there's been a lot of pain in those markets and same goes for some sub-sectors of retail like you you know i often talk about

How retail on highways are going where there's no car parking out the front.

That's not a business model that's doing as well as it used to, especially when a lot of these products can be sold online.

So you've got to consider the long-term trend beyond just what we've seen in the last two years as well.

And that's where things like the e-commerce boom, which marches on year after year, is something to consider what types of properties will benefit from that.

It's almost like investing in stocks, commercial property.

You've got to really think in terms of what businesses are going to do well.

And that's where the opportunity is.

And the risk can be high, but the reward is certainly higher as well.

The answer to your question, there is, but there isn't been a large discount in square meter rates in Perth.

Because interest rates are so low and office space is generally an area where you see a lot of institutional level investors play in.

So, fund managers, large syndicates, you know, these are the guys buying up the whole office towers.

they haven't been selling for discounts.

So we've seen square metre rates barely drop.

If anything, there's been many markets over there, despite the huge vacancies they're having in those markets, increase in value.