NORTH RYDE OFFICE SPACE/COMMERCIAL REAL ESTATE OVERVIEW FOR NORTH RYDE
(MACQUARIE PARK)

OVERVIEW
North Ryde has evolved into a very popular business destination.  Businesses seeking commercial real estate in Sydney have few better options, as North Ryde commercial precinct offers the following benefits:

• High quality buildings.
• Excellent amenity: shopping (Macquarie Shopping Centre), hotels, cafes, gyms, child care centres.
• Access to a range of professional labour.
• Improved access and convenience (M2, Lane Cove Tunnel and M7).
• Favourable rental costs (commercial rents at North Ryde compare favourably with other locations such as Sydney CBD, North Sydney, St Leonards, Chatswood).
• Parking rates – are substantially cheaper than Sydney, North Sydney and St Leonards.
• Railway links (due for completion in 2008)

TENANTS
The types of companies that currently lease commercial property at North Ryde range, and include:
(i) Pharmaceutical / Medical companies: including Sanofi Aventis, Novartis, Astra Zenica, Johnson & Johnson & Resmed.
(ii) IT / Telecommunications Companies: such as Optus, Heyday, TPG, Canon, Foxtel, D-Link and Computer Associates.
(iii) Other: Rolls Royce, Interleasing, Sony, Omron and Brother.

OWNERS
A range of institutional owners and listed property trusts control most North Ryde office space. They include, Mirvac, ING, Goodman International, GPT, Valad, Investa, Century Funds Management and Stockland.
These owners and managers view North Ryde commercial property as long-term core assets.  Many of these have been actively developing commercial property in North Ryde and some currently have a substantial development pipeline.

 

Ratheon’s new facility at 5 Talavera Rd, North Ryde.
For instance ING are preparing a $400 million development at North Ryde.  They have just completed a 4,341 sqm office building at 5 Talavera Rd, North Ryde.  This commercial property was fully leased to defence company Ratheon Australia prior to its completion.  ING are currently planning to develop a further 80,000 sqm of commercial real estate in North Ryde.
Goodman International has also been very actively involved in this market.  They have recently pre-leased up to 15,000 sqm of commercial space to Aristocrat.  This building is still under construction.
In addition to these large companies moving to North Ryde, many smaller companies have also been attracted to the area.
Some North Ryde commercial real estate has been designed to accommodate smaller tenants.  These range from developments such as 33 Waterloo Rd.  Suites range from approximately 80 sqm. There are shared meeting rooms and reception areas.  Smaller tenants may be more suited to serviced offices and this space is also available in the precinct.  Hence, North Ryde office space has also been designed for this sector of the market.

 
33 Waterloo Rd, North Ryde

TOWN PLANNING
North Ryde commercial property is affected by different Council zonings.  These zones can affect the types of usage permissible.  Hence, it is highly recommended that this issue be considered prior to committing to lease commercial real estate in North Ryde.
Some town planning consultants specialise in assisting tenants with their development applications.  Balmoral Partners can recommend suitably experienced people to assist with this part of the process.

ALTERNATIVE LOCATIONS
In our opinion only a few other locations provide a high calibre business park environment similar to North Ryde. Those are: Rhodes, Sydney Olympic Park and Norwest Business Park.

BALMORAL PARTNER’S INVOLVEMENT
Balmoral Partners specialise in North Ryde commercial real estate in addition to other corporate locations.  Over the years we have assisted a range of companies, looking for their next property.
Understanding this market, the owners, zoning, and the best partners to engage to enable the process to be much more efficient is our way of adding maximum value to our customers’ experience.

For instance we can:

• Identify space which may not be openly available “on market” (providing you with more choice).
• Assist with providing guidance on space planning and zoning issues.
• Provide information on commercial parameters for leases.

Our expertise and experience can assist to save substantial amounts of both time and money.