Barangaroo is a trophy-tier Class A submarket of Sydney with average asking rent around A$1,450/sqm/yr · ≈ $87.6 PSF/yr USD.
Sydney's western waterfront trophy precinct. · Tier: trophy · Avg rent: A$1,450/sqm/yr · ≈ $87.6 PSF/yr USD
Barangaroo is Sydney's purpose-built western waterfront precinct. International Towers Sydney holds the largest contiguous trophy floor plates in the city.
Banks, accounting firms, consulting (KPMG, PwC anchors).
30-50,000 sqft floor plates.
Wynyard (10-minute walk), Barangaroo Metro (Sydney Metro).
Sydney Metro extension transformed accessibility.
Barangaroo Reserve, harbor walk, Crown Towers.
Barangaroo is one of 6 Class A submarkets we cover in Sydney, classified as trophy tier with an average asking rent around A$1,450/sqm/yr · ≈ $87.6 PSF/yr USD. Compared with the broader Sydney Class A stock, Barangaroo typically attracts Banks, accounting firms, consulting (KPMG, PwC anchors) and competes most directly with the city's other trophy submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Barangaroo: Core CBD, Circular Quay & Bridge, North Sydney, Walsh Bay & Millers Point. The full Sydney submarket atlas is at /cities/sydney.
For an institutional Class A occupier evaluating Barangaroo, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Sydney Class A leasing and to the trophy tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.