NSW is a state in Australia, that lies in the eastern part of the country, on the coast. This state’s capital city is Sydney. According to the latest data, the population of the region exceeds 8 million citizens, making in the most populous area in the country. Historically, the state was a renowned centre of the shipbuilding industry. Still, since the 1970s, NSW has experienced rapid social and economic transformation. Agriculture remains an essential source of income, but new sectors like ICT, financial services, tourism, export, etc., are continuously stimulating the growth of the economy and, thus, make New South Wales a sought-after office location. Office space remains one of the prime asset classes in New South Wales, with much of the demand coming from the offshore investors. These types of workspaces will be sought-after in the future because lots of globals investors are seeking sustainable income returns with capital growth. Developers and providers on the office market in New South Wales are rather disciplined, requiring more than 30% of tenants’ precommitments before projects start. It leads to the rise in the rental prices and the decrease in the vacancy rates in the area. Sydney, Parramatta, Hunter Valley, Newcastle are only some of the top office hubs in New South Wales. If you choose to establish a business in any of these or other recognisable economic centres of NSW, you will be surrounded by the representatives of many fields and branches. The business community in the state consists of the following companies like Scentre Group, Commonwealth Bank, Atlassian, Google, Microsoft, and so on. This community is supported by the NSW Business Chamber, which has 30 thousand members.
