Subject to a full merit assessment of the proposal, we urge you to support the proposal and approve the application.
The market fundamentals for office space in the Sydney CBD are extremely strong. The Property Council's latest Office Market Report released in January 2008 indicated an 18 year low vacancy rate of 3.7%.
Our most recent Report (being released in two weeks) identifies that businesses are continuing to occupy space at record levels; the 4.3% vacancy rate for the past 6 months is the third lowest since the 1980s
