Parramatta Office Market
Key metrics and trends for the Parramatta (NSW) office market.
Vacancy Rate
18.3%
Rising
Avg Net Face Rent
$550
$380 – $720 /sqm/yr
Avg Incentive
42.0%
35.0% – 48.0%
Market Sentiment
Tenant Favoured
Effective Rent
Low
$220
Average
$330
High
$460
Vacancy Rate History
4.2%2019
7.8%2020
11.5%2021
14.2%2022
16.8%2023
17.6%2024
18.3%2025
Supply Pipeline
120,000 sqm
Under construction, expected completion 2027
Major projects:
- 3 Parramatta Square (72,000 sqm)
- 6&8 Parramatta Square (48,000 sqm)
Last updated: 2025-06-30
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