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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
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.
PHOTO: REUTERS
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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