Sydney has 6 distinct Class A submarkets we track, anchored by Core CBD at the trophy tier.
Sydney has 6 distinct Class A submarkets we track, anchored by Core CBD at the trophy tier.
**Core CBD** (trophy, ~A$1,500/sqm/yr · ≈ $90.6 PSF/yr USD) — Martin Place to Chifley — Sydney's banking spine. **Barangaroo** (trophy, ~A$1,450/sqm/yr · ≈ $87.6 PSF/yr USD) — Sydney's western waterfront trophy precinct. **Circular Quay & Bridge** (trophy, ~A$1,620/sqm/yr · ≈ $97.8 PSF/yr USD) — Iconic waterfront — small, premium stock. **North Sydney** (prime, ~A$1,100/sqm/yr · ≈ $66.4 PSF/yr USD) — Cross-bridge HQ corridor. **Walsh Bay & Millers Point** (prime, ~$78/sqft/yr) — Boutique waterfront trophy stock. **Macquarie Park** (established, ~$48/sqft/yr) — Northern tech and life-sciences cluster.
| city | Sydney |
|---|---|
| country | Australia |
| region | APAC |
| classARentLocal | 1480 AUD/sqft/yr |
| classARentUsd | $96/sqft/yr |
| vacancy | 12.6% |
| typicalLeaseYears | 7 |
| typicalRentFreeMonths | 30 |
| submarkets | 6 |
| primeYieldPct | 5.5% |
| trophyCount | 3 |
| primeCount | 2 |
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.