North Shore Office Briefing: Q2/2019
We are pleased to release the Q2/2019 Office Briefing Notes for the Sydney North Shore, which outline key metrics across each market along with detailed commentary on leasing, sales and development activity.
- North Sydney A Grade and B Grade net effective rents rose 8.3% and 2.8% over the year to June 2019. Macquarie Park A Grade net effective rents grew on average by 3.8%
- By the year 2022, over 130,000 square metres of additional stock will enter the North Shore market
- Foreign investors were the most active buyers in the North Shore market, making up 78.0% of sales transactions
- Sitting at 4.8%, Macquarie Park reported the lowest vacancy rate in the North Shore market, as at December 2018