Occupancy tight in business parks

Knight Frank’s research shows the four major business parks – Macquarie/North Ryde, Homebush/Rhodes, Norwest and Mascot – had a vacancy level of 8.3 per cent, down from 8.7 per cent last year. The strongest performer was Macquarie Park where the rate fell from just under 8 per cent to 6.1 per cent. Macquarie also had the highest gross rent at $370 per square metre. In total, 207,000 square metres was added to the four parks.