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New kids on the block: tech giants turning Sydney's CBD into 'Silicon Place'

Activity has tightened office rental market and helped drive down city's vacancy rate to near-decade low

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Security barriers at Martin Place, now nicknamed Silicon Place. The tech giants' entry is proving to be a buffer for office occupancy in the city's financial hub as major banks exit for other locations.

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

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