Parramatta Is The Ideal Choice For Relocation
NSW Government agencies moving to Parramatta
Significant investment in major infrastructure such as the Parramatta Light Rail, Sydney Metro West project, the new Museum of Applied Arts & Sciences, Bankwest Stadium, and its geographic location makes Parramatta an ideal place to establish a hub for public sector workers to live, work and play.
The Government wants to secure up to 45,000 square metres of leased office space in Parramatta from 2022 to accommodate more than 4000 workers under an initial 10-year lease.
The Government has leased 25,000 square metres of office space at 105 Phillip Street, Parramatta, for the Department of Education.
In late 2019, a further 65,000 square metres of office space at 4 Parramatta Square was occupied by:
- Department of Planning, Industry & Environment
- Department of Finance, Services and Innovation
Local Economy Boost
Moving agencies away from the Sydney CBD
The flow-on benefits from the relocation will be many. It will have a positive impact on local business, stimulating Parramatta’s economy. And by bringing jobs closer to home, it will reduce congestion on roads and public transport.
There are also significant cost savings in leasing office space away from the Sydney CBD. Recent Property Council of Australia data shows Parramatta office rents are as much as half of those in the Sydney CBD.
Under the Decade of Decentralisation policy, the Government has committed to reducing its CBD office space holdings by at least 100,000 square metres by 2021. It’s CBD office space will reduce as jobs and government agencies relocate to other metropolitan and regional areas such as Parramatta.
The Government’s office footprint in Parramatta could match the Sydney CBD by 2022
The Government currently leases around 147,000 square metres of office space in Parramatta compared to about 285,000 square metres in the Sydney CBD.
READY TO TAKE THE NEXT STEP?
Contact us to learn about the efficiencies of relocating or expanding in the growing Government sector of Parramatta.