Tuesday, 9 February 2010

Parramatta. C Grade vacancies of concern

While the overall total office vacancy rate, in the six months to January 2010, in the Parramatta CBD was 9.8 per cent (up from 9.6 per cent up on the previous six months, it masked a spike in vacancy rates for C Grade buildings. “(This is) a big concern is which are primarily home to small businesses," said Glenn Byres, NSW acting executive director, of the Property Council, in its latest Office Market Report. C Grade stock increased by 3729 square metres but absorption was –1832 square, in the six-month period metres. “Vacancies in A Grade stock remain very tight at just 2.4 percent – consistent with the result from six months ago and continuing a strong trend in recent years."



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