Walsh Bay & Millers Point is a prime-tier Class A submarket of Sydney with average asking rent around $78/sqft/yr.
Boutique waterfront trophy stock. · Tier: prime · Avg rent: $78/sqft/yr
Walsh Bay and Millers Point on Sydney's western harbour edge host boutique waterfront trophy stock favored by media, advertising, and creative HQs.
Media, advertising, creative agencies, professional services.
20–40,000 sqft floor plates available across newer Class A stock.
Wynyard, Barangaroo via walking tunnel.
Multi-modal transit with high commute capture from the city's professional catchment.
Walsh Bay arts precinct, Pier One waterfront.
Walsh Bay & Millers Point is one of 6 Class A submarkets we cover in Sydney, classified as prime tier with an average asking rent around $78/sqft/yr. Compared with the broader Sydney Class A stock, Walsh Bay & Millers Point typically attracts Media, advertising, creative agencies, professional services and competes most directly with the city's other prime submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Walsh Bay & Millers Point: Core CBD, Barangaroo, Circular Quay & Bridge, North Sydney. The full Sydney submarket atlas is at /cities/sydney.
For an institutional Class A occupier evaluating Walsh Bay & Millers Point, 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.