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SYDNEY MARKETBEAT REPORTS

John Sears • 26/01/2022
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

CBD Office: Slightly more than 150,000 square metre (sqm) of new and refurbished space is anticipated to come online in the Sydney CBD over 2022. Leasing activity remained solid and rents generally stable in Q4 2021. The average Prime grade incentive remains at 35% and gross face rents continue to average $1,355 sqm per annum (pa). Although the Omicron variant has increased the downside risk to this forecast in the short term, barring further economic restrictions growth may be pushed back into the second half of 2022.

Metro Office: Rental conditions in Sydney office markets have stabilized do a degree after a period of weakness caused by the COVID-19 pandemic. Incentives remain elevated and continue to drift higher across most sub markets. Tighter conditions are beginning to emerge in some pockets of the market, such as North Sydney Prime. After more than 300,000 square metres (sqm) of new office space hit Sydney metropolitan office markets during 2020 and more than 200,000 sqm during 2021, only 120,000sqm of new supply is set to hit the market over the next 24 months.

Industrial: NSW and Australia continue to bounce back from the 2020 COVD-19 induced recession. Although the recovery carries on, the sequential growth impulse has faded slightly, with data to June 2021 showing the national economy expanding at 1.9% in Q1 and 0.7% in Q2 after increasing at more than 3% in both Q3 and Q4 2020. Real state final demand in New South Wales (NSW) remains robust, increasing 1.9% in Q1 and 2.2% in Q2 

Learn more by clicking our most recent Sydney MarketBeat reports below.

CURRENT MARKETBEATS

Office Buildings CBD
Sydney CBD Office Report

Following to the latest lockdown, a range of office tenant demand indicators including financial markets and employment are turning positive.

Download the report

Office Buildings CBD
Metro Sydney Office Report

Business confidence was positive following lockdown but more recently has been tempered by the spread of the Omicron variant.

Download the report

Warehouse Internal Rack
Sydney Industrial Report

New South Wales and Australia continue to bounce back from the 2020 COVD-19 induced recession.

DOWNLOAD THE REPORT

RELATED INSIGHTS

Warehouse Internal Rack
Research • Investment

Australia National Investment Report (March 2020)

The Australian commercial real estate market slowed dramatically in Q1 2020 with just $3.0 billion worth of transactions recorded.
John Sears • 21/04/2020
Brisbane
Research • Occupier

Office Leasing Trends and Outlook 2020

In the fourth annual Cushman & Wakefield Office Leasing Trends and Outlook Survey, landlord and tenant representatives’ views of the Sydney, Melbourne and Brisbane office markets were measured. This report highlights both the latest thinking on markets and notes how opinions have evolved over the past 12 months.
John Sears • 18/12/2019
North Sydney Highway Traffic
Research • Occupier

2020 Vision - Australian Property Insights

Australian Commercial Real Estate (CRE) transaction volumes are at record levels with strong demand from both local and international investors. However, the market is desynchronising with yields in some sectors and markets continuing to compress to record lows, while for others demand has fallen and yields are being challenged.
John Sears • 17/12/2019

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