North Ryde. Suburb 'forges ahead'

North Ryde continued to forge ahead in the provision of quality office space in spite of vacancy levels rising from 6.1 per cent to 8.7 per cent, in the six months to July 2008, according to Ken Morrison, NSW, executive director, of the Property Council of Australia. “Only three short years ago vacancy rates in North Ryde were in double digits. Today, North Ryde is a major economic growth zone, well supported by public transport and with the commercial zoning capacity to still double in size. What other business centres like Parramatta and North Sydney need to recognise is that North Ryde will experience continued growth, with 53,460 square metres of additional stock due this year and a further 39,700 square metres to be delivered in 2009. This equates to a further 14 per cent growth in less than 18 months,” he said. A-Grade vacancies increased from 4.6 per cent to 9.9 percent; B-Grade decreased from 7.8 per cent to 5.7 per cent; and C-Grade remained steady at 15.6 per cent