Monday, 7 November 2011

Parramatta. Relatively low additions

Annual additions in Parramatta have been relatively low over the past five years averaging 19,255 square metres per annum. This is likely to increase as approximately 75,000 square metres of new office space supply is anticipated to be completed from 2012-2015, according to the CBRE. MarketView, Sydney Metropolitan Office market, third term 2011. The first of these developments is the 25,000-square-metre Eclipse, under construction, at 60 Station Street, after securing 70 per cent in tenant pre-commitment and is due for completion in mid-2012.



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