Parramatta Office Briefing: Q2/2019
We are pleased to release the Q2/2019 Office Briefing Notes for the Parramatta, which outline key metrics across each market along with detailed commentary on leasing, sales and development activity.
- The Parramatta office market recorded the lowest prime grade vacancy in Australia at 0.8% (as at December 2018)
- Parramatta is forecasted to receive approximately 70,000 square metres of net supply across 2019
- Capital values continued to trend upwards over the 12 months to June 2019, with average A Grade capital values now measuring $10,300 per square metre