Centralising demand
Without much fanfare, and while all the election fuss dominated the news headlines, over the past fortnight the ribbon was cut at the new designer digs at the Australian Technology Park.
Some 10,000 Commonwealth Bank technology and operations staff have thus begun their mass exodus from three other disparate locations in Sydney's Parramatta, Olympic Park, and Lidcombe to these new state-of-the-art offices in South Eveleigh in central Sydney, reported IT News.
Source: Mirvac
This move is symbolic of a broader trend of tech-driven demand for central Sydney office space.
It's thought that bringing technology and operations staff closer together increases productivity, ideas, and bottom line results.
Tech giant Google has moved into Pyrmont on Sydney's Darling Harbour to hoover up 50,000 square metres of space, transforming the future of the suburb towards that of a tech campus.
Meanwhile, Amazon is set to take over across the water at Market Street.
Expect to see Google, Apple, Facebook, and Tesla dominating commercial space in Sydney's CBD and its immediate surround over the years to come.
I discussed some of the key implications of these trends in this short video here.
