The tenant mix confirms Perth's growing position as a premium fashion and luxury destination. Other personal and household goods retailing, largely jewellery and watches,, has climbed sharply to 21.6 per cent from 17.0 per cent in 2024, now one of the largest categories of any capital in the survey. Clothing and soft goods remains dominant at 28.7 per cent, easing slightly from 29.2 per cent in 2024 but still comfortably the largest single category. Cafés and restaurants continue to build share, up to 11.4 per cent from 9.9 per cent, while furniture, houseware and appliance retailing has disappeared entirely from the core at 0.0 per cent. Services have held broadly steady around 14 to 15 per cent across the period.
The street level results reinforce where that luxury strength sits. Murray Street recorded the tightest vacancy in the survey at 7.1 per cent, with luxury retailing heavily concentrated in this precinct, confirming its position as Perth's premium retail strip. Hay Street followed closely at 8.2 per cent, also carrying a strong clothing and personal goods presence. Forrest Place sat at 10.0 per cent and William Street recorded the highest vacancy at 11.5 per cent, with its tenant base weighted more heavily toward food and beverage than fashion, a different retail character to the rest of the core.
