SYDNEY –Global technology titans including Amazon.com Inc, LinkedIn and Expedia are moving into Sydney’s central business district, providing a commercial property fillip just as Australia’s record housing boom starts to tire.
The tech invasion–with locals now dubbing Martin Place, once the heartland of the finance sector, ‘Silicon Place’–has tightened the office rental market and helped drive down the city’s vacancy rate to a near-decade low, according to property manager Jones Lang Lasalle.
