The NSW property sector has thrown its support behind the NSW Premier's bold move to bring public servants back to the office, saying it's exactly what our cities need to thrive.
Property Council of Australia NSW Executive Director Katie Stevenson said the move was a strong and positive step that will bring more vibrancy, investment, business, and talent to our cities.
"This is a game-changer for our CBDs and local centres. More workers mean more life, more investment, and more business for our cities," Stevenson said.
"Our CBDs are the heartbeat of the economy, powering jobs, investment, and thousands of businesses that rely on bustling commercial centres. It's great to see the NSW Government stepping up and leading the way by getting public servants back to their desks.
"We need vibrant commercial centres every day of the week and the Property Council has been consistent with its calls for government action to make public servants work from work.
"Our nurses, teachers, and police can't work from home - there's no good reason why other public sector workers should work under different conditions, almost three years after lockdowns."
Ms Stevenson said the Property Council's latest office vacancy data remains a long way from pre-covid levels.
"Sydney CBD vacancy rates are at 11.6 per cent which still historically high. This directive the shot in the arm we need to kickstart a vibrant, thriving city, ready for fresh investment and growth.
"With Metro City coming online soon bringing fast and reliable services, together with ongoing efforts to revitalise the night-time economy, and businesses that rely on thriving commercial centres, this news means Sydney's set to soar into Spring and Summer."
The Property Council of Australia Office Market Report is released twice a year.
