North Sydney is a prime-tier Class A submarket of Sydney with average asking rent around A$1,100/sqm/yr · ≈ $66.4 PSF/yr USD.
Cross-bridge HQ corridor. · Tier: prime · Avg rent: A$1,100/sqm/yr · ≈ $66.4 PSF/yr USD
North Sydney holds significant Class A inventory at material discount to the CBD. Strong Metro and bridge connectivity.
Tech, telecom, consulting, corporate satellites.
20-35,000 sqft floor plates.
North Sydney (Sydney Trains and Metro).
Direct cross-bridge commute to CBD.
Lavender Bay, Luna Park.
North Sydney is one of 6 Class A submarkets we cover in Sydney, classified as prime tier with an average asking rent around A$1,100/sqm/yr · ≈ $66.4 PSF/yr USD. Compared with the broader Sydney Class A stock, North Sydney typically attracts Tech, telecom, consulting, corporate satellites and competes most directly with the city's other prime submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside North Sydney: Core CBD, Barangaroo, Circular Quay & Bridge, Walsh Bay & Millers Point. The full Sydney submarket atlas is at /cities/sydney.
For an institutional Class A occupier evaluating North Sydney, 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 prime 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.