Sydney CBD commercial market may reduce by 6%: Savills

Up to 300,000 square metres of office building space in Sydney's CBD will be withdrawn from the market over the next three years given the trend of converting commercial space into residential living or hotel use.
According to Savills, the potential change may shrink the size of the Sydney CBD market by 6%.
The July 2015 Savills Sydney office briefing noted the commercial towers, International Towers Sydney T1, T2 and T3 in Barangaroo will meet the bulk of future supply
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