Office Space in Sydney Gets Snapped Up as CBD spreads To The North


The strength of the office market in Sydney’s central business district (CBD) has spilled over into the North Shore, particularly North Sydney. The area to the north of Sydney has benefited recently from more occupiers moving their offices to the region, having been driven there by a lack of space in the CBD. Shrabastee Mallik, senior analyst of capital strategy in Savills Australia, said: “A lack of assets available for sale and affordability compared to the CBD has also seen an increase in interest in office assets in Sydney’s North Shore office markets, driving capital values to record highs.”

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