Invest Parramatta News, September 2018 Economic Quarter Snapshot
City of Parramatta’s population is growing at nearly double the national rate, and is attracting record investment with economic growth expected to more than double in the next 4 years.
The City’s GRP represents 4.6% of the state’s Gross State Product and our largest industry is Healthcare & Social Assistance.
In 2018, the Parramatta Office Market vacancy rate is 3.2%, well below the 10-year average of 7.5%.
New infrastructure including Parramatta Light Rail, Sydney Metro West, Sydney University Campus and the Museum of Applied Arts & Sciences will continue to underpin strong economic growth in Parramatta.