Parramatta Square on track to be complete in 2022

When it’s completed in 2022, Parramatta Square will be an outdoor space for city residents, office workers and students, a community gathering space, and a dynamic entertainment area for events and festivals.

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NAB ARRIVES IN PARRAMATTA

NAB welcomes colleagues to their new work home in the Centre of Global Sydney, at 3 Parramatta Square.

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PARRAMATTA CBD SET FOR EXPANSION UNDER PROPOSED PLAN

There’s good news for Parramatta’s commercial sector as a new plan to expand the City’s CBD boundaries and change land controls goes on public exhibition.

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PARRAMATTA IS SYDNEY'S CENTRAL CITY

A world class urban destination for business, arts, sports and entertainment in the geographical heart of Sydney.

Why Parramatta?

Growth And Connectivity

Parramatta is transforming into a leading global city, located within 30minutes of 5 major transport hubs.

The City of Parramatta Skyline as it existed in early 2019. The image is taken from a drone high above the City looking East down George and Macquarie Streets to Sydney Olympic Park and the Sydney CBD silhouetted in the background.

ANNUAL GROWTH RATE EXCEEDS 3%, OUTPACING THE NSW AVERAGE

Its 29 billion GRP annual economy is Australia’s third-largest behind Sydney and Melbourne. Its annual growth rate exceeds 3%, outpacing the NSW average of 2.48%.​

Economic indicators point to continued growth while the population is expected to continue to grow at 4.5%.​ 

View Economic Indicators
Architects Rendering of what the new Parramatta Light Rail will look like as a train heads west down Macquarie Street about to turn right down Church Street

TWO MILLION PEOPLE LIVE WITHIN 30-MINUTES OF PARRAMATTA CBD

New residential developments and a new state-of-the-art transport interchange mean that more than two million people live within 30 minutes of the Parramatta CBD.​

Since it's an easy commute for more than half of the Greater Sydney population it becomes a compelling economic case for moving establishing, relocating or expanding in Parramatta.​

View Transport Projects
Architects rendering of what the new City of Parramatta Skyline will look like once all approved development applications and design competitions are constructed.

COST OF LEASING IN PARRAMATTA CBD ALMOST HALF THE COST OF SYDNEY

Over the next four years, Parramatta will become a 1-million square metre CBD with a variety of spaces and office types. At an average $520 per square metre, office space in Parramatta is almost half the cost in the Sydney CBD where it costs $1030 per square metre.​

It's a compelling narrative for executives to consider expanding in or relocating to Parramatta.

VIEW CITY MAP TO EXPLORE FLOOR SPACE

Industry

Parramatta’s economic growth is forecast to double by 2021, with financial and professional services, healthcare, education, government and retail sectors continuing to rise.

Architects rendering of the new Westmead Hospital taken from a drone looking down on the front facade and entry to the hospital which features an atrium at the front and three adjoining admissions towers at the left, right and rear of the image. Gardens flank the front of the pospital.

$900 MILLION INJECTED INTO WESTMEAD REDEVELOPMENT PROJECT

Stage One of the Westmead Redevelopment project includes the construction of a new acute services building that will link Westmead Hospital to The Children’s Hospital. 

Westmead Health Precinct
Image of HSBC bank building in Parramatta illustrating the extensive nature of the finance industry in Parramatta

FINANCIAL SERVICES: PARRAMATTA’S LARGEST INDUSTRY BY OUTPUT

Fast growth in the finance and insurance services sector is expected to continue with PwC projecting that the sector will generate 3600 new jobs and an additional $2.2 billion of output by 2021.

FINANCIAL SERVICES
Image of students collaborating in one of Western Sydney Universities open spaces

WHY PARRAMATTA IS BEING CALLED THE EDUCATION CAPITAL OF NSW

The planning of future education and training precincts are set to be a collaboration between industry and academia with hubs incubated within the CBD, Rydalmere and Westmead.

EDUCATION AND TRAINING

The Central River City

Fuelled by tens of billions in commercial and residential developments and infrastructure projects over the next five years, Parramatta has been reshaped into an attractive destination to live, work, study and play.

It offers companies state-of-the-art corporate accommodation in sustainable buildings and thoughtfully designed open green spaces that connect these developments with the rest of the City. 

With its population expected to reach 400,000 by 2036, Parramatta’s diverse workforce will become younger, more professional and corporate with increasingly more young families and young urban professionals taking up residence and calling Parramatta home.
 

Love Where You Live, Work And Play

PEOPLE NEED MORE THAN JUST A GREAT WORKPLACE CULTURE TO THRIVE

Productivity and profits are well on track when the right people are engaged. But people need more than just a great workplace culture to thrive, they need a vibrant place outside work where they can shop, dine and be entertained. 

The City has more than 300 restaurants, cafes and bars alongside a flourishing night-time economy and retail environment where more than $1.2 million in retail turnover occurs every day. 

Careful city planning is giving rise to activated outdoor spaces where workers, residents, students and visitors can enjoy a range of activities and environments after hours. 

(Cocktails at Nick and Noras rooftop bar, Parramatta)
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Latest News

Bankwest Stadium Injects Millions Back Into Parramatta's Economy

Parramatta’s economy gets a million dollar boost every time a major event is held at the new state-of-the-art Bankwest Stadium

Recent research commissioned by City of Parramatta found that Bankwest Stadium has had a large economic impact on Parramatta in a very short time.

With seating for 30,000 spectators, the stadium, which opened in April 2019, is a state of the art entertainment centre and hosts concerts, sporting matches and other major events. It also hosts a range of community events and activities, business meetings and shows.  

Bankwest Stadium

Looking to move your business to Parramatta?

Whether you’re looking at relocating your office or setting up a new office, Parramatta is a strategic choice for your clients and employees. For more information, please submit an enquiry.