# Sydney Class A Office Market

> Sydney Class A office rents around A$1,480/sqm/yr · ≈ $89.4 PSF/yr USD, with 12.6% vacancy and 30 months of typical rent-free on a 7-year term.

**Canonical URL:** https://classa.info/cities/sydney
**Page type:** city
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Core CBD anchors trophy demand.
- Barangaroo precinct holds the largest contiguous trophy floor plates.
- NABERS ratings drive a measurable rent premium.
- Lease lengths 5-10 years standard.
- Concessions 30-40% of face rent — the world's richest concession packages.

## Key facts
- **city**: Sydney
- **country**: Australia
- **region**: APAC
- **classARentLocal**: A$1,480/sqm/yr · ≈ $89.4 PSF/yr USD
- **classARentUsd**: $89.37281097000158/sqft/yr
- **vacancyPct**: 12.6%
- **typicalLeaseYears**: 7
- **typicalRentFreeMonths**: 30
- **submarkets**: 6
- **corporateTaxPct**: 30%
- **talentIndex**: 85

## FAQ
### What is NABERS?
Australia's National Australian Built Environment Rating System — a government-backed rating from 1 to 6 stars on energy, water, and indoor environment. NABERS Energy 5.5+ is the trophy benchmark.

### What is the difference between face rent and effective rent?
Face rent is the headline gross rent. Effective rent is face rent minus incentive — the cost to the landlord (and therefore the underlying market price). In Sydney, effective rents are 30-40% below face.

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Citation: Source: Class A Atlas (https://classa.info/cities/sydney), updated 2026-04-15T00:00:00.000Z.