Depends on square metres, lease contracts on smaller offices are not much more than offices from the suburbs at the moment and I know where I'd rather see LWP while they are turning this company around.
What you have to remember is not everything is how it appears, there is a glut of office space who pundits claim is a result from the mining downturn . Right now some near new swank albeit small offices are asking for under 600 a week with river views down Eagle St .
The same scenario can be said of Perth.
My own antenna goes up when the office is located on the Goldcoast. Actually I never invest if the office is located there or similar areas.
LWP Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held