Insights H1 2026 | 13 Christian Cirillo from Commercial Parramatta says, “Parramatta commercial office and retail assets offer some of the best ‘bang for your buck’ freehold and strata sale opportunities in Australia right now. “The greater Parramatta area is a massive drawcard for big business. Company overheads and profit margin sensitivity continue to play a factor in office accommodation, and we are seeing businesses migrate from traditional and non-traditional CBD locations.” Commercial Parramatta’s Duarte Figueira adds, “2026 is already shaping up to be the year of office space recovery, as seen in the Sydney CBD sector. So too, the Parramatta market is showing a stronger pulse as incentives are tapering off from as high as 40% in some cases, and appear to be decreasing rather than increasing.” Parramatta Office Industrial Retail Rents p/m² Vacancy Yields Rates p/m² Six-month market outlook Office Industrial Retail Rents p/m² $300-$750 $180-$300 $400-$1,200 Vacancy 21% 5% 10% Yields 6.0-6.5%% 5-5.5% 6.0-6.5% Rates p/m² $8,500-$10,000 $4,500-$6,000 $8,000-$12,000 Current market conditions $5,900,000 121 Silverwater Road, Silverwater Recent Notable Transactions SOLD $12,400,000 12-14 Wentworth Street, Parramatta SOLD For more information, contact: Duarte Figueira dfigueira@rhc.com.au Christian Cirillo ccirillo@rhc.com.au
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