(1) Yes, Property NSW measures vacancy rates of properties in New South
Wales, that are managed by Property NSW.
(a) For properties managed by Property NSW, a database is maintained for:
The commercial portfolios capture the total occupiable net lettable area
(metres squared) as well as all identified occupiable vacant net lettable area
(metres squared). Commercial space vacancy rates are measured on the basis of
the percentage of vacant occupiable net lettable area (m2) as a part of the
total net lettable area (metres squared).
Property NSW captures data regarding residential properties for NSW Teacher
Housing and Police Housing. Occupancy is measured on the basis of number of
days occupied by the number of days available for lease, from which Vacancy
rates can be determined.
(b) Property NSW also manages some industrial, warehouse, recreation and
unimproved land sites. Vacancy is captured and managed across these sites.
(2) Not applicaable - There are no Property NSW managed residential
properties in the Greater Sydney Region.