Western Australia continues to outperform on the national stage, powered by resilient economic fundamentals including population growth, major resource investment, and a strong labour market.
Realmark Commercial has recently released its Q1 2026 Market Report, revealing how these strengths are translating into steady momentum across WA’s commercial property landscape. While construction costs and finance conditions remain challenging, limited supply and sustained business confidence are maintaining pricing stability and rental performance across industrial, retail, and mixed-use markets.
In the industrial sector, competition among owner-occupiers remains fierce. The $4.5 million sale of 98 Byfield Street, Northam - led by Rob Dawson and Wayne Chorley, attracted strong national and local interest, reflecting how metropolitan demand continues to extend into key regional hubs.
In retail, a $10.2 million off-market sale of 1 Fortyn Court, Mahomets Flats - negotiated by Fletcher Wolpers and Michael Richardson, drew significant interstate attention for the multi-tenanted site anchored by Hungry Jack’s and Metro Petroleum. The result underscores investor confidence in high-quality, leased regional assets.
In the development space, Kingsford Village in Bullsbrook, anchored by Woolworths and developed by Fabcot, has achieved exceptional pre-leasing results with most tenancies secured ahead of completion. The project, managed by Michael Richardson and Alix Proudlove, demonstrates strong demand for strategically located suburban retail centres serving Perth’s growing northern corridor.
Realmark Commercial Executive Director Wayne Chorley said the quarter’s results reflect a market defined by both resilience and opportunity.
“Across the past quarter, we’ve seen strong competition from owner-occupiers, pent-up investor demand, and a shortage of quality stock keeping the market active and tightly held. With rents stabilising and confidence returning, it’s a market defined by resilience and opportunity.”
From regional industrial sales to metropolitan leasing success, the Q1 2026 results point to a market performing with consistency and confidence, one that continues to reward informed investors and owners who adapt to evolving conditions.