High Demand for Office Rental Sydney

MMJ Real Estate
High Demand for Office Rental Sydney

Sydney is experiencing a spike in demand for office space.

The Property Council of Australia’s July Office Market Report reveals that service providers such as banks, insurers, government departments and the like are taking advantage of office rentals in Sydney to accommodate business growth and expansion.

Sydney’s office rental vacancy rate was recorded as 7.4% in January 2015, but by July this had fallen to 6.3%. This is certainly a positive signal for the Sydney office rental market.

MMJ Real Estate’s chief executive Chris Johnson revealed in the Australian Financial Review that this recent demand for office rental in Sydney is being driven by the tech and financial services sectors. This corresponds with the popular sentiment that Australia’s economy is shifting from the mining domination to non-mining sectors.

Is your company expanding? Do you require more office space in Sydney? Browse MMJ Real Estate’s portfolio of office rentals available in Sydney.

Alternatively, get in touch with MMJ Real Estate Sydney to discuss your Sydney office rental needs.