Sydney CBD remains the capital for big business headquarters: Chart of the week
Sydney remains the preferred location of choice for Australia's biggest companies with around 36% of the companies listed on the S&P ASX 300 headquartered in the city.
And it is set to grow in prominence in the coming years with the S&P ASX All Ordinaries Index up 23% from May 2012 to mid-February 2013.
"Historically, there is a lag of between one and three years from movements in the All Ordinaries to net absorption in the Sydney CBD," according to a new Sydney office report by Andrew Ballantyne and Tim O’Connor of Jones Lang LaSalle.
Perth, with its mining boom attracting resource companies to lease in the city, is not far behind Sydney with about 80 of the S&P 300 based in the WA capital city.
Melbourne is third and Brisbane fourth, according to Knight Frank.
"Sydney is the headquarters of corporate Australia.
"As such, Sydney is the finance and administrative heart of Australia.
"The market capitalisation of the Australian Stock Exchange is $1,400 billion, making it the ninth largest stock exchange in the world.
