Parramatta. CBD office market

Parramatta has shown volatility in the past with speculative supply hampering improvement in office vacancies, according to independent valuer and research firm, LandMark White, which said the Parramatta market was unlikely to be as strongly affected as the North Ryde market, given the high exposure to the public sector. “Overall, the Parramatta Market typically sees an equilibrium vacancy rate of about 9 to 10 per cent – currently the vacancy rate is sitting at 9.5 per cent,” according to LandMark White, in The Sydney Morning Herald.