Sydney Flexible space snapshot

June 13, 2019

Strong small business growth, as well as an ever increasing desire from corporates to have short-term leasing options, has resulted in flexible space groups expanding by 19.1% per annum in the Sydney CBD between 2016 and 1Q19. Over this period of time, we have recorded 168,700 sqm of net absorption in the CBD – 23% of this demand has been from flexible space groups. This strong demand has helped push the Sydney CBD vacancy rate down to 3.7%, which is a 30 year low.

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