Rent Office in Sydney

The Sydney office market is diverse, yet stable, and offers the prospective businessman with many kinds of options. A client can rent office in Sydney in the prestigious core business district or in the upcoming suburban and fringe business districts or in any of the isolated locations scattered across the metropolitan area. He or she can rent a serviced office, a furnished office, an unfurnished one, a virtual office or even a hot desk, where the client can share a desk, office or other work space between business-owners on different shifts or schedules.

The cost of renting an office in Sydney is definitely lower than the cost of renting an office in other international cities like New York, London and Paris. The cost of renting an office in Sydney is also substantially lower than the cost of renting an office in its Asia-Pacific neighbors such as Tokyo, Singapore, Hong Kong and Mumbai.

While the cost of renting an office is USD1431 per annum per square meter in a Grade A building in a prime location in Hong Kong, USD1455 in Singapore and USD1839 in Mumbai, it is only USD639 in Sydney’s core business district.

As incentive, Sydney property-owners and developers offer a typical rent-free period of 13 months. This in stark contrast to rent-free periods in other major destinations in the Asia-Pacific region; for example, Taipei offers a rent-free period of 1-3 months, Hong Kong 2-3 months, Singapore 1 month and Mumbai 1 month.

Once again, compared to its Asia-Pacific neighbors, office rents in Sydney have experienced the smallest percentage of rise in rental costs, thus enhancing the city’s appeal as an affordable business hub. Office rent rose by approximately 14% during 2008 in Sydney compared to 247% for Hong Kong, 73% for Tokyo, 72% for Singapore, 43% for Taipei and 40% for Beijing.

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