North Ryde. Vacancy up towards 12 per cent

The vacancy rate in the North Ryde office market could move up to 12 per cent over the next 12 months with 82,460 square metres expected to be completed, with pre-commitments not fully secured for all projects, according to LandMark White, in The Sydney Morning Herald. LandMark forecasts net supply will increase by 44,152 square metres a year on average over the next five years, as lower demand will probable push development back until major tenants are secured.