North Ryde. Decline in vacancy rate

North Ryde was one of only two NSW office markets to witness a decline in its vacancy rate during the second half of 2009, according to the latest Colliers Sydney Metropolitan Office Research & Forecast Report. The total vacancy rate in the North Ryde office market declined by 0.1 per cent over the course of the six-month period from 12.1 per cent in July 2009 to 12.2 per cent in January 2010. Both the A- and B-grade markets witnessed a decline in vacancy of a similar size with the A-grade market declining to 13.7 per cent and the B-grade market to 8.4 per cent.