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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