Throughout most of Australia, stories of shopping centres and retail districts turning into ghost towns is the unfortunate norm.

But not so in Perth.

Across the nation, most retail landlords are struggling to retain tenants. And the prospect of even trying to secure precommitments on a new project would be laughable.

But in Perth, upcoming shopping centres are already up to 60% committed by retail tenants.

One likely reason behind this is that Western Australians haven’t been as economically affected as residents of other states, so spending isn’t necessarily down. But restrictions throughout Australia and internationally are restricting where that spending can occur.

Travel is out the window for the foreseeable future, and so those savings are being redirected. And so, the Perth commercial property market remains stable

Perth’s last property boom was in 2007-2008, so perhaps the city is taking it’s overdue time in the spotlight.