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Sydney North Shore : Office market - October 2015

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Sydney North Shore : Office market - October 2015

New supply still remains relatively limited in North Sydney with the only major office project currently under construction being the development of 177 Pacific Highway. The project will add 39,144m² of new space to the market in the first half of 2016. The supply pipeline also includes two DA approved projects at 100 Mount St (40,100m²) and 1 Denison St (45,720m²), however both remain mooted given pre-commitments have yet to be achieved. There has been market speculation that DEXUS is in due diligence to acquire the 100 Mount St site, however it is envisaged that a major pre-commitment will still be necessary to trigger the progression of the development.

Source : Knight Frank

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