Perth's second biggest commercial landlord expects a reasonably quick recovery in the office market, joining a chorus of experts who say the current cycle has reached the bottom.

Office landlord Dexus released a research report on Australian commercial property markets earlier this week, which indicated demand had shifted to the positive side of the ledger in Perth following four years of market contraction.

Dexus head of office and industrial leasing, Chris Hynes, said Perth’s office market contraction had lasted longer than first predicted, after the mining sector shifted from investment to production, but the latest data showed Perth’s office vacancy rate had fallen to 22.7 per cent, down from 24 per cent at the end of June last year.

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