Net face office rents in Parramatta

Parramatta’s average net face rent for offices ranged from $280 to $360 per square metre for A-Grade stock and $240 to $270 for B-Grade stock. A-Grade stock ranged from $275 to $330 at Norwest, $290 to $300 at North Ryde, $290 to $320 at SOP/Homebush Bay, and $295 to $320 at Rhodes. Parramatta’s A-Grade office vacancy rate was 2.9 per cent and that for B-Grade stock was 8.9 per cent. Source: Colliers International’s Sydney Metropolitan Office Market Indicators Report: Autumn 2008,