# Sydney Class A office rents and incentives

> Headline Class A rent in Sydney is around A$1,480/sqm/yr · ≈ $89.4 PSF/yr USD, with 30 months of typical rent-free on a 7-year term.

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

## TL;DR
- Headline Class A rent: A$1,480/sqm/yr · ≈ $89.4 PSF/yr USD.
- Trophy submarket rents (Core CBD) push to roughly A$1,500/sqm/yr · ≈ $90.6 PSF/yr USD.
- Typical concessions on a 7-year deal: 30 months free rent.
- Vacancy stands at 12.6% — market trend is flat.
- Use effective rent (face minus PV of concessions), not headline, to compare deals.

## Key facts
- **city**: Sydney
- **country**: Australia
- **region**: APAC
- **classARentLocal**: A$1,480/sqm/yr · ≈ $89.4 PSF/yr USD
- **classARentUsd**: $89/sqft/yr
- **vacancy**: 12.6%
- **typicalLeaseYears**: 7
- **typicalRentFreeMonths**: 30
- **submarkets**: 6
- **primeYieldPct**: 5.5%
- **trophyRent**: A$1,500/sqm/yr · ≈ $90.6 PSF/yr USD
- **primeRent**: A$1,100/sqm/yr · ≈ $66.4 PSF/yr USD

## FAQ
### What is the average Class A rent in Sydney?
Around A$1,480/sqm/yr · ≈ $89.4 PSF/yr USD across the broader Class A index. Trophy submarkets like Core CBD command 20–40% above that.

### How many months of rent-free are normal in Sydney?
30 months on a 7-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

### Are rents rising or falling in Sydney?
The Sydney Class A market is currently flat. Vacancy is 12.6%, which sets the negotiating context.

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