vacancy rate parramatta

Fri Oct 23 2020

In order to meet this aspiration, the property industry needs to make a strong contribution to public discourse regarding Western Sydney and its future, continuing our advocacy for investment infrastructure, strategic land release and the containment of costs from levies and taxes which reduce supply and affordability in our region. To view select Office Market Report data series, visit the Property Council’s Data Room. tas / Central Hobart qld / Queensland Central Coast sa / Eastern Adelaide qld / West Queensland nsw / Canterbury-Bankstown act / Belconnen In the latest Property Council of Australia Office Market Repor t to the end of July, the Parramatta CBD office vacancy rate rose from 3.2 per cent to 4.5 per cent, however it still remains in a strong position despite the impacts of the COVID-19 pandemic. We’ve strategically chosen the Region because it really is a ‘blank canvas’ and we now have the opportunity to do something really special with our developments. Parramatta has a population of 25,793 people and 59.44% of its occupants live in rental accommodation. occupied, vacancy is undoubtedly trending below the 10 year average of 3.0%. nsw / Lower North Shore vic / Inner East Melbourne BHL also owns and manages a number of seniors living retirement villages in the Hunter Valley and the north coast, providing over 55s with quality, affordable housing options in their retirement. This will provide much-needed relief to one of the tightest prime office markets in the country where the prime office space vacancy rate in Parramatta remains stable at 1%. Mr Faddy said the significant transformation of the Parramatta office market was being fuelled by the rapid population growth in Western Sydney, the significant infrastructure investment in the area and improved amenity offered by the Parramatta CBD. vic / North East Victoria The Rental Vacancies component is based on all monitored and unique online listings for the period of a calendar month. Parramatta vacancy rates increase Positive demand was not enough to prevent an increase in vacancy rates in Parramatta’s office market in the past six months, according to the Property Council. vic / South Western Victoria tas / East Coast The residential vacancy rate in the suburbs of Parramatta has been volatile and has risen rapidly since 2017. wa / South West WA. act / Inner North tas / West Coast The data and projections should be used as a guide only and should not be relied upon in making investment decisions. The median listing price for houses is $1,700,000 and this has changed 13.33% over the past year and changed 9.67% over 2 years. This level of demand for commercial office space is unprecedented. The broad and bipartisan consensus in Parramatta provides businesses with the confidence to make large-scale investment decisions. sa / Murraylands sa / Yorke and Lower North SA In compiling this publication, the Publisher relies upon information supplied by a number of external sources. tas / Burnie vic / Eastern Melbourne nsw / Central Tablelands tas / Launceston Years and months in between census points are interpolated. nsw / Hunter Region qld / Central Queensland By the end of 2020, it is anticipated more than 136,000sqm of newly constructed office space will come online, with a substantial component of this space already under lease. tas / East Hobart The office vacancy rate in Parramatta stands at 2.7 percent, down 0.3 percent from the last report published in January. Parramatta, west of Sydney, has the lowest vacancy rate of all the suburban office markets, reflecting a broader trend where metro markets are soaking up … act / Weston Creek qld / Gold Coast Hinterland Any addresses repeated between sites are de-duped. wa / Perth City vic / Bellarine Peninsula Parramatta Lord Mayor Bob Dwyer welcomed the report’s findings. sa / Northern SA The purpose of this newsletter is to keep give you a brief insight into what is happening in this very special part of the world. All projections and compilations of underlying rental listings data are compiled and published by SQM Research Pty Ltd ABN 93 122 592 036. The vacancy rate in the CBD remains at 12.8% Insights from the TRS team suggest that: Most larger organisations have their workforce still working from home in part or full time sa / Northern Adelaide The tightest markets are the Melbourne CBD where the vacancy rate fell to 3.2 per cent, down from 3.6 per cent, and Sydney CBD which dropped to 4.1per cent, down from 4.6 per cent. Parramatta’s performance is ahead of the Sydney CBD at 3.7 percent, followed by Macquarie Park, Chatswood, Crows Nest/St Leonards and North Sydney. The Property Council of Australia’s Office Market Report has revealed office vacancy has increased by 1.3 per cent over the last six months in the Parramatta CBD from 3.2 per cent to 4.5 per cent, however still remains in a strong position despite the impacts of the COVID-19 pandemic. nsw / The Hills District nsw / Murray Region nsw / Wollongong qld / Southern Brisbane nsw / Eastern Suburbs The vacancy rate remains well below the 10 year average of 7.5% and is at its lowest point since the series began in 1990. qld / North Queensland qld / Queensland North Coast Is doing a fantastic job in committing record levels of funding to bring to life the fantastic vision for right. Information supplied by a number of external sources unique addresses or a unique listing are. And living in Western Sydney be used as a guide only and should not be relied upon in investment! To help shape our agenda in Western Sydney Sydney please feel free to get in touch master-planned residential commercial... 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