JLL: Demand to grow for office space in Sydney’s Chatswood sub-market

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  According to JLL’s Lesley Buxton, Chatswood has consistently underperformed the North Sydney sub-market in terms of capital values since 2000. This may change thanks to: additional commuters arriving from the North West Growth Centre by the new automated rapid transit rail system; availability of Grade A stock; lowish vacancy rate of 10.9% in 1Q15; yield spread; and rent discount for Grade A property of about 25% relative to North Sydney.  

Source : 5 June 2015/JLL/Sydney/OFF

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