The strongest level of demand in four years has propelled Sydney to the leading position in nation’s office market as a strengthening economy drives strong employment growth in traditional office occupying sectors such as finance and technology – albeit with the market set to be tested over the near-term as a number of office towers in Barangaroo and the CBD come online.

Releasing its latest Office Market Report, the Property Council of Australia said despite relatively stable demand conditions, net supply additions of more than 111,000 square meters pushed overall vacancy rates throughout the country from 10.7 percent last July to 11.2 percent in January. But it said the ‘two-speed’ nature of…