In this paper, throughput and error performance analysis is conducted on the proposed space-time resource management (STRM) scheme to realize a multi-Gbps millimeter-wave wireless personal area network (WPAN) system. The proposed STRM allows multiple peer-to-peer communication links to occupy the same time-division-multiple-access (TDMA) time slot, in contrary to the conventional TDMA system that allocates only one time slot to one communication link. Theoretical analysis is performed to investigate the achievable system throughput in the presence of co-channel interference (CCI) generated by communication links co-sharing the same time slot. To increase accuracy, the analysis results are validated by Monte Carlo simulations. Firstly, it is found that the tipper bound of the achievable throughput increases linearly With the number of communication links sharing the same time slot. However. optimum throughput exists corresponding to the CCI present in the system. Secondly, by manipulating a parameter that controls the allowable CCI in the network, the system throughput can be optimized. Lastly, it is also found that in a millimeter-wave band system, a victim system with transmitter-receiver separation of 1-meter can achieve bit error rate (BER) of 10(-6) provided that the interferer is at least 6-meters away.