North Ryde. Office vacancy rate decreases

The office vacancy rate in North Ryde, in the six months to July, decreased to 11.3 per cent, down from 12.2 in January and 12.3 in July 2009. The decrease was despite 12,000 square metres of supply additions, according to the Property Council of Australia. Only 16,700 square metres is scheduled to enter the market in the short to medium term. North Ryde’s total office stock is 795,257 square metres.