Best office space in North Ryde, Macquarie Park
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Development Pipeline Planned for Macquarie Park - June 2012

Added on Tue 26 June, 2012, 10:09 am

Commercial office space leasing is gaining momentum in Macquarie Park.

 

The average vacancy rates in Macquarie Park  have trended downwards from approx. 9.4% during 2007-2011.  Some have predicted this to drop to an average of approx 8.9% over the next 4 years.

 

In the next four years approx. 56,755 sqm of office space could be developed provided there is sufficient tenant demand.  Some of this development pipeline is ready to go now – the owners are however waiting on a pre-commitment.

 

Rents on new office space in Macquarie Park will set a new benchmark and are expected to be in the mid $300’s psm pa net + GST.  Car parking will be additional.

Best office space in North Ryde, Macquarie Park