A rise in sublease space flies in the face of Technologies companies showing real signs of growth again.
As commercial leasing agents in the Sydney market; we are seeing a growth in subleasing space to the market as many companies implement strategies to be more efficient and therefore need less office space. This is in direct contrast to the enquiry we are seeing come to the market from technology companies. This sector seems to be on an expansion path and showing signs of real recovery from this battered sector are now clear.
The strength of tenant represented briefs in the Macquarie Park and North Ryde market from technology companies has significantly expended in the last 6 months from late 2014 and we don't see this demand easing in the second half of 2015. This is good news for property owners in this part of the Sydney market and will assist in keeping vacancy rate sub 10% in this market sector.
If you require assistance with expansion space or have contracted and need to sublease excess space, please contact the Macquarie Park and North Ryde experts:
Christian Cirillo 0434 537 009
Meegan Graham 0411 855 85