Economic Growth

Parramatta Cements Itself as an Economic Powerhouse and Employment Epicentre

In The News Parramatta News
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MARCH 2022 | JLL NEWSROOM

In positive news for the local real estate market, Parramatta has recorded the strongest quarterly commercial tenant demand since 1990. According to a recent report from JLL, Parramatta continues to lead office market activity in NSW as the city cements itself as a global metropolis, recording record tenant activity through 2021.

“With projects such as Parramatta Square, Powerhouse Museum, Metro West and Light Rail lines all under construction, these have drawn large scale businesses across infrastructure, engineering, and development to the precinct, with smaller businesses following in their footsteps,” said JLL’s Office Leasing Parramatta Senior Director, Stephen Panagiotopoulos.

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