Thursday, 7 July 2011

Parramatta. Appeal of office space

The sales and investment appeal of the Parramatta Office market is steadily growing. according to Knight Frank’s latest Parramatta office Market Review. With markets such as North Sydney having generated a critical mass of transactions attention is now shifting towards Parramatta by virtue of its size, tight vacancy profile and solid rental prospects. The total office market in Parramatta is 685,371 square metres. The vacancy rate is 9.6 per cent. The average gross rent for prime grad space is $422. per square metre.



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