Core CBD is a trophy-tier Class A submarket of Sydney with average asking rent around A$1,500/sqm/yr · ≈ $90.6 PSF/yr USD.
Martin Place to Chifley — Sydney's banking spine. · Tier: trophy · Avg rent: A$1,500/sqm/yr · ≈ $90.6 PSF/yr USD
Sydney's Core CBD anchors banking and professional services. Salesforce Tower and the Wynyard / Hunter Connection corridor anchor recent trophy delivery.
Banks, top-tier law firms, asset managers, professional services.
25-40,000 sqft floor plates.
Wynyard, Martin Place (Sydney Metro and Trains).
Strong commuter rail and ferry access.
Pitt Street Mall, Hyde Park, Royal Botanic Garden.
Core CBD is one of 6 Class A submarkets we cover in Sydney, classified as trophy tier with an average asking rent around A$1,500/sqm/yr · ≈ $90.6 PSF/yr USD. Compared with the broader Sydney Class A stock, Core CBD typically attracts Banks, top-tier law firms, asset managers, professional services and competes most directly with the city's other trophy submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Core CBD: Barangaroo, 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 Core CBD, 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.