Sydney Olympic Park has established itself as the commercial property destination of choice for a number of businesses, companies, government bodies and corporations, with more calling the precinct home every year.
And it’s not hard to see why.
GJS Property director Jason Wright says that with commercial space at Sydney Olympic Park costing as little at 30-50% of what comparable spaces would cost in the CBD, it makes prudent financial sense for businesses to consider making the move to out to a centrally located commercial area..
“A lot of the interest out here is from large corporates that are based in the CBD and are looking to shave some costs, so they’ll separate the parts of their business that don’t necessarily need to be in the CBD, and bring them out here,” Wright says.
“They can offer their staff a really positive environment and amenity for half or a third of the cost.”
Wright says the scope of enquiry is varied.
“There’s interest in the area from all sizes of business. Some buildings cater for the larger corporate user, but we’ve also had a number of smaller businesses that want to be in Sydney Olympic park - we’ve got a lot of those as well.”
A NEW LEVEL OF AMENITY
Wright says Sydney Olympic Park has built its reputation on offering something that few corporate office environments can match: a true lifestyle opportunity.
Walking and cycling paths, local parks and other recreational facilities are a part of the furniture, rather than something you need to commute to.
“Unlike the CBD, you don’t have buildings on top of each other. There’s a lot of parkland, and even if you just want to go and eat your lunch in a nice sunny spot, there’s lots of places for that.
“If you want to go for a run or ride a bike at lunchtime, you can do it in a safe environment. You’ve got Bicentennial Park, which has more than 10km of pathways, plus the Aquatic Centre and other sports facilities. The Park also runs an excellent lifestyle program which includes discounts on shopping and events plus inter-company sporting competitions at lunchtime.”
A GROWTH PROPOSITION
The Sydney Olympic Park precinct continues to grow, in response to ongoing demand for prime, conveniently located commercial property.
New developments continue to be built, with two currently under construction, one being 4 Murray Rose Avenue which will feature 15,600sqm of office space, with the Rural Fire Service precommitted to occupy approximately 9500sqm with the balance available for lease.
Meanwhile, a neighbouring office at 11 Murray Rose Avenue is being speculatively built, with its 5200sqm of future space already attracting strong interest.
Wright says companies are driving ongoing growth as they transition from other facilities.
“We receive enquiry form a variety of user groups such as education, government, retailers , IT and service industries. We also get a lot of industrial users that may have been based in an office and warehouse buildings in a surrounding industrial precincts looking to separate their facilities and get some higher quality office space in close proximity. he says.
“A few of the companies that have come in, have amalgamated seven or eight offices, and because of its location, it suits everyone.”
“When they decide to move they’ve really got to pick somewhere that’s central to everyone and has good transport, and that’s why they end up coming to Sydney Olympic Park .”
For further information contact Jason Wright, GJS Property 9764 0000 or 0418 759 156. GJS Property are based in Sydney Olympic Park and specialize in Commercial Sales, Leasing and Asset Management.