ANNUAL GROWTH RATE EXCEEDS 3%, OUTPACING THE NSW AVERAGE
Its 31 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 an annual average change of 2.97%.View Economic Indicators
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
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
THE CASE FOR PARRAMATTA
"From the days when Parramatta founded the Australian wool industry, Parramatta has been a centre of commerce and innovation."More From The Hon Scott Morrison MP, Prime Minister Of Australia
$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
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
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 487,000 by 2041, 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)More Culture And Leisure
NAB is welcoming colleagues to their new work home in the Centre of Global Sydney, at 3 Parramatta Square.
In April this year amid COVID-19 uncertainty, diversified fund manager GPT Group amalgamated a future development site on George Street in the heart of the Parramatta CBD for $75
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.
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.