Homebush. Major competitor for Macquarie Park

Homebush is likely to be one of Macquarie Park/North Ryde’s major competitors for tenants seeking campus-style accommodation over the medium to long-term, given that geographically constrained Rhodes market has limited scope for further development, and Norwest, which has development capacity for approximately a further 200,000 square metres of commercial space and is anticipated to be fully developed over the next five to eight years, according to Knight Frank.