Wollongong’s office market transformation continues apace, with a new analysis showing the city is sustaining an ongoing uplift of premium stock of 75 per cent in newly built and pipeline developments.
The analysis of A-grade office market was undertaken for the new Wollongong Investment Prospectus, a comprehensive profile presenting the ‘business case’ for Wollongong from a business attraction perspective.
The availability of office accommodation is a key consideration for corporate, professional organisations assessing office location. Wollongong CBD has seen over 30,000 square metres of new A-grade stock built in the last three years, adding to the city’s compelling proposition for businesses. By attracting new businesses into Wollongong, new jobs are created, helping to support a sustainable economy and ongoing infrastructure investment in the city.
The Investment Prospectus, produced as part of the Invest Wollongong partnership of Wollongong City Council, NSW Government and the University of Wollongong, also profiles growth sectors in the region, which include tech, clean energy and advanced manufacturing.
It will be used to advocate and inform business and government stakeholders outside of our region of the momentum and energy underway in Wollongong.
In step with the robust development pipeline, Wollongong is emerging as a key hub for clean energy investment and innovation. A number of recent government zoning declarations, and funding for businesses developing hydrogen energy tech place the area surrounding Port Kembla – located around 10 kilometres from the Wollongong CBD – on the cusp of the clean energy boom.
Detailed information on the sector is included in the new Prospectus, along with profiles of tech sector businesses in Wollongong, several which operate internationally and service global customers from the city.
A copy of the new Wollongong Investment Prospectus can be downloaded from our Research, Reports and Resources page.