Commercial property market

With the dual advantages of space and affordability, Parramatta has the State’s third largest office space market according to the Property Council of Australia.

From affordable basic premises to state-of-the-art complexes, Parramatta offers some of the most competitively priced commercial property in Australia, be it warehousing, distribution and carparking facilities, full service business parks or newly built development.

The last 20 years have seen Parramatta undergo some major renewal programs, intensive state and local government planning and investment to keep pace with the unprecedented grow of the region. This planning and development is backed by reliable energy and telecommunication services.

Commercial Office Stock

Commercial office stock between January 1990 and January 2007 recorded an increase of a factor of 65%. Vacancy rates (at 8.8% in 2007) are currently on par with or below most other business centres in NSW.

Office Rents

Rents for A Grade commercial space in Parramatta averages $245 per square metre and remains considerably lower than most other offices markets in the Sydney region.