City leads Sydney jobs growth
New survey results
Over the past 5 years, the City of Sydney area has seen 2,000 new businesses open and more than 50,000 new jobs created. And across the entire metropolitan Sydney area, 40% of the total job growth took place in the City. This presents some great business opportunities for our global city.
The floor space and employment survey looks at the local area. It’s the largest study of its kind in Australia and takes place every 5 years. Since 1976, we have conducted the survey along with the Australian Bureau of Statistics' Census of Population and Housing and combined the results to produce a detailed socio-economic profile of Sydney. The 2012 results are the most comprehensive data set of all businesses, floor space, employment and capacity measures across our local area.
The 2012 survey revealed 20% of all employment and 40% of total job growth were in our local area. A total of 21,644 businesses were surveyed – an increase of 10.5% since 2007. There were over 50,000 new people working in the inner city, boosting our total workforce to 437,727.
The professional and business services sector spearheaded the growth, with 748 new start-ups, followed by the food and drink sector (540), and retail and personal services (286).
Thanks to the rapid proliferation of digital companies, Pyrmont and Ultimo enjoyed the largest increases of any of the City’s 10 villages. Jobs were up 47% in these 2 villages, with an extra 9,000 workers employed over the past 7 years.
The Glebe area saw a 38% rise in employment and 175 additional businesses. Restaurant seat numbers rose by 38%, and café seats by an impressive 72%.
The creative sector is booming in Surry Hills with a 33% job growth. The area employs almost a quarter of the sector’s 22,760 workforce.
Read more survey results to keep an eye out for business opportunities.
Last updated: Tuesday, 8 April 2014