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This paper presents throughput and error performance analysis of the proposed space-time resource management (STRM) scheme for a multi-Gbps millimeter-wave 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. In this paper, theoretical analysis is conducted to investigate the achievable throughput in the presence of co-channel interference (CCI) generated by communication links co-sharing the same time slot. Firstly, it is found that the upper bound of the achievable throughput increases linearly with the number of communication links sharing the same time slot. Secondly, by presenting a parameter that manages the allowable CCI in the network, the system throughput can be optimized. The optimum preset allowable CCI values are found to be in the range of -13dBÂ¿CCIÂ¿-11dB. Lastly, it is also found that in a millimeterwave band system, a victim system with transmitter-receiver separation of 1-meter can achieve its targeted bit error rate (BER) provided that the interferer is 6 meters away.