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NSW Department of Planning and Environment
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Overview of Commercial Activity and Outlook

Commercial, industrial and retail areas are key sites for jobs growth and development. This activity has direct and indirect economic benefits for the surrounding community.

 

Industrial lands

Industrial lands are areas that contain a variety of land uses, including major freight and logistics, heavy manufacturing, light industry, urban services and new economy or creative uses. These industries generate significant economies and investments for the state and are essential to the effective functioning of urban areas.

 

Analysis of 2020 ABS data shows that the highest value of industrial development approvals have occurred in Greater Sydney and were located within the Western and Central City Districts. The industrial report also contains commentary on the demand for industrial property over the first half of 2021 based on property analysts' reports, including the impacts of COVID-19 on the market.

 

Download the full industrial report (PDF, 239 KB) .

 

Commercial centres

Commercial centres are areas of employment opportunities and are important for job growth. They are also central to Greater Sydney's global competitiveness now and into the future.  This overview section focusses on traditional commercial office activity in the Sydney CBD and larger suburban centres rather than Business Parks that are purpose built office parks located  away from centres.  See Business Parks In Focus for more information about Business Parks.

 

Analysis of 2020 ABS data shows that the highest value of commercial approvals occurred in Greater Sydney and were located within the Eastern City District. The commercial report also contains commentary on the demand for commercial property over early 2021 based on property analysts’ reports, including the impacts of COVID-19 on the market.

 

Download the full commercial report (PDF, 362 KB).

 

Retail Sector

The retail sector serves an important role in the community. It allows consumers access to a wide range of goods and services as well as allowing for price comparisons. The retail industry is also important to the economy through the high volume of transactions and the number of workers employed in this sector, across the State.

 

Analysis of 2020 ABS data shows that Greater Sydney contained the highest value of retail development approvals and were located within the Eastern City District. The retail report also contains commentary on the demand for retail property given structural changes in the sector, the impact of COVID-19 and the macroeconomic environment.

 

Download the full retail report (PDF, 296 KB).

Page last updated: 05/05/2022