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