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WA’s economic shift sets the stage for next commercial property upswing

New JLL research shows Western Australia’s move beyond traditional resources is driving fresh momentum across office, industrial and retail property markets.

Perth city offices, and JLL's Ronak Bhimjiani.
An economic transformation unfolding in Western Australia is reshaping the state's commercial property landscape, writes JLL's Ronak Bhimjiani. (Image source: Stephen I Parsons/Shutterstock.com/API Magazine)

Western Australia’s economy is at a pivotal moment, transitioning from a cycle dominated by traditional resources to one defined by strategic diversification that will fuel the next wave of real estate performance, according to new research from JLL.

The report, Capitalising on WA’s economic and real estate momentum, co-authored by JLL Real Estate Economist Ronak Bhimjiani and Research Analyst Helen Ye, outlines how this economic evolution is cr…

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