Macquarie Park is a established-tier Class A submarket of Sydney with average asking rent around $48/sqft/yr.
Northern tech and life-sciences cluster. · Tier: established · Avg rent: $48/sqft/yr
Macquarie Park is Sydney's principal northern tech, telecom, and life-sciences cluster — Optus, Cochlear, and Macquarie University anchor the precinct.
Technology, telecom, life sciences, medical devices.
20–40,000 sqft floor plates available across newer Class A stock.
Macquarie Park (Metro), Macquarie University (Metro).
Multi-modal transit with high commute capture from the city's professional catchment.
Macquarie Centre, Lane Cove National Park.
Macquarie Park is one of 6 Class A submarkets we cover in Sydney, classified as established tier with an average asking rent around $48/sqft/yr. Compared with the broader Sydney Class A stock, Macquarie Park typically attracts Technology, telecom, life sciences, medical devices and competes most directly with the city's other established submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Macquarie Park: Core CBD, Barangaroo, Circular Quay & Bridge, North Sydney. The full Sydney submarket atlas is at /cities/sydney.
For an institutional Class A occupier evaluating Macquarie Park, 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 established 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.