The Sydney Olympic Park office market has a vacancy rate of 5.9%, the lowest vacancy rate of the 19 Australian office markets tracked by global real estate services firm JLL.
JLL’s Office Leasing Senior Director, Stephen Panagiotopoulos said, “The precinct has been leasing well in recent years, with major Government tenants such as NSW Police, NSW Ambulance, NSW Health, NSW Rural Fire Service (RFS), NSW State Emergency Service (SES) and Sydney Water all taking significant space.
“Sydney Olympic Park is characterised by the diverse range of business types and industries operating within the precinct. Notably, the area acts as the headquarters to several national based occupiers including Samsung, NRMA and AIA Australia, who have all recently renewed their leases.
The area has a prime-grade vacancy rate of 6.2% which is the second lowest nationally, indicative of the demand for high quality space.”