The Western Sydney Business Chamber says the NSW Government’s announcement to occupy 45,0000 sq metres of A-grade leased office space in Parramatta is a vote of confidence for the city as it cements itself as the central administrative hub of NSW.
David Borger, Director of the Western Sydney Business Chamber, said, “The scale of today’s announcement
is huge and wonderful news for Parramatta and its economy.
“This particular announcement will bring up to 4000 workers to Parramatta by 2022 and in five years’ time, there will be least 25,000 new office jobs located in the CBD.
“The significance of this cannot be understated and it displays a massive vote of confidence from the public sector in our region,” Mr Borger said.
“Parramatta has become the fastest growing office market in Australia and could double in the next decade. Soon we will see the CBD transform into a bustling, modern city centre.
“Every day we are seeing commercial office buildings being designed, planned and approved in Parramatta, resulting in more jobs close to where people live.
“Gone will be the days where Western Sydney residents are forced to travel hours each day to get to and from work. Parramatta will be a leading commercial precinct in a matter of years,” he said.
Mr Borger said the significant number of office workers located in the Parramatta CBD would prompt a wave of interest from other industry sectors.
“We have already seen a strong presence in the city from the private sector, including NAB, who will soon occupy 40,000 sq metres of office space at Parramatta Square.
“On top of this, all of this commercial activity will completely change the retail landscape of the city and we will expect to see many new bars and cafes opening up to cater for the corporate and office workers,” Mr Borger said.