Core CBD is a trophy-tier Sydney submarket with average asking rent around A$1,500/sqm/yr · ≈ $90.6 PSF/yr USD.

• Average asking rent: A$1,500/sqm/yr · ≈ $90.6 PSF/yr USD.
• Tier: trophy.
• Citywide Class A rent context: A$1,480/sqm/yr · ≈ $89.4 PSF/yr USD ($89 USD).
• Citywide vacancy: 12.6% — submarket-level availability is typically tighter at trophy tier.

TL;DR

• Average asking rent: A$1,500/sqm/yr · ≈ $90.6 PSF/yr USD.
• Tier: trophy.
• Citywide Class A rent context: A$1,480/sqm/yr · ≈ $89.4 PSF/yr USD ($89 USD).
• Citywide vacancy: 12.6% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Core CBD averages around A$1,500/sqm/yr · ≈ $90.6 PSF/yr USD for Class A, against a citywide Class A index of 1480. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

Martin Place to Chifley — Sydney's banking spine. Banks, top-tier law firms, asset managers, professional services.

Key facts

Frequently asked questions

What is the average Class A rent in Core CBD, Sydney?

Around A$1,500/sqm/yr · ≈ $90.6 PSF/yr USD. The citywide Class A index sits at A$1,480/sqm/yr · ≈ $89.4 PSF/yr USD.

Related

• Core CBD — submarket overview
• Sydney — full city profile
• Sydney submarkets — all
• Core CBD — Tenants
• Core CBD — Transit
• Core CBD — Amenity
• Core CBD — Buildings

Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

• CBRE Marketview reports — CBRE
• JLL Office Insight — JLL
• Cushman & Wakefield Marketbeat — Cushman & Wakefield
• Savills World Research — Savills
• Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction

Related topics

• Class A Lease Negotiation — How to negotiate a Class A office lease — the playbook from LOI to signed deal.
• Hybrid Workplace Strategy — How to size, structure, and lease a Class A office for a hybrid workforce.
• ESG / LEED for Tenants — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease.
• Cross-border Expansion — How to run a coordinated Class A office search across multiple geographies.
• Fit-out Capex — How to budget, sequence, and govern Class A office fit-out">fit-out capex.
• Lease vs Flex — When premium flex (coworking, managed office) beats a conventional Class A lease — and vice versa.