Amazon to set up new HQ on Market Street

Tech giant Amazon ramps up its global expansion with new headquarters in the heart of the Sydney CBD.

Amazon occupies office space at 2 Park Street where it opened last year but is now set to replace the Commonwealth Bank of Australia, Allianz and Caltex at 2 Market Street.

The Sydney CBD office market remains one of the tightest in Australia with vacancy rates hitting the lowest in over ten years and average A-grade rents passing $1,000. Amazon’s move into Market Street is expected to press vacancy tighter in Sydney’s tightening office market.

Image source: Nicholas Rugg

Article source: https://www.afr.com/real-estate/amazon-to-set-up-new-australian-hq-on-sydneys-market-street-20181026-h174vw


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