Parramatta. Office vacancies marginally lower

The total vacancy factor for all useable office space in the Parramatta CBD was 7.3 per cent in July 2009, 0.9 percentage points lower than the level recorded in July 2007. The fall in vacancy rates was despite a considerable increase in the total office stock over the previous 12 months, according to council's quarterly Biz Facts publication. Vacancy rates in Parramatta were lower than other major areas of Sydney, for example, the North Shore 8.6 per cent, North Ryde 8.7 per cent and Chatswood 12.8 per cent