One of Australia’s most dynamic economies
The roll call of leading organisations with operations in Western Sydney—Baxter Healthcare, BHP Billiton, Bluescope Steel, Coca Cola Amatil, Deloitte, the NSW Police Force, Qantas, ResMed, Sydney Water and Woolworths—is testimony to the area’s status as one of Australia’s growing investment opportunities.
Parramatta’s booming economy was valued at $17 billion in 2013-14. This is underpinned by service industries such as finance, insurance, health and professional scientific and technical services. Parramatta is home to businesses such as AON, Lend Lease and QBE. Its role as a CBD is confirmed by the government agencies that are located here such as the Australian Taxation Office, Department of Defence and NSW Department of Attorney General and Justice.
The real GRP for the City of Parramatta is forecast to increase at an average annual rate of 3.3% to approximately $30.3 billion in 2031/32, which is higher growth than the Sydney Metro Area (2.2%).
Parramatta is primed for development. Businesses looking to invest, relocate or open an office in Sydney should look no further that Parramatta. Parramatta has a large office market with over 700,000 square metres of commercial office space. Around 40% of the office market is A grade with a below 2% vacancy rate Parramatta has higher average yields for prime and secondary space than all other major office markets across Sydney
Visit Parramatta Transformation.