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Parramatta records strong positive demand
Parramatta is continuing its rise with more new office space coming onto the market, according to the Property Council of Australia’s Office Market Report released today.
Net absorption in Parramatta has increased to 28,673sqm, while the vacancy rate has risen from 4.8 per cent to 6.4 per cent over the six months to January 2021.
“For all that is going on in the world, Parramatta is still in a strong position,” the Property Council of Australia’s Western Sydney Regional Director Ross Grove said today.
“Parramatta now has more office space leased than it had pre-COVID, and we have more people taking up office space than leaving.