Parramatta. 'Slight increase' in vacancy

Total vacancy in the Parramatta market witnessed only a slight increase over the six months to January 2010, according to Colliers Sydney Metropolitan Office Research & Forecast Report, autumn edition. This saw total vacancy increase from 9.6 per cent in July 2009 to 9.8 per cent in January 2010. The A-grade market continued to remain tight with vacancy remaining at a historically low level of 2.4 per cent. The B-grade market was the best performing market in the Parramatta area over the second half of 2009 with vacancy declining by 3.6 per cent from 12.6 per cent in July 2009 to 9.0 per cent in January 2010.