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SYDNEY MARKETBEAT REPORTS

John Sears • 28/09/2022
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: More than 205,000 square metres (sqm) of new and refurbished space has come online in the Sydney CBD over the course of 2022, all of which has been completed by the end of the third quarter. Roughly 70% of this space is pre-committed.

Metro Office: Rental conditions in Sydney office markets have entered a period of stabilization after a period of weakness caused by the COVID 19 pandemic. Incentives remain elevated but remained broadly unchanged in the first half of 2022. Average face rents have been more or less unchanged since the second half of 2021. Although net effective rents remain below pre COVID levels, on average across Sydney metro markets A grade net effective rents were up 0.4% in Q2 on a year on year (YoY) basis, though B grade net effective rents were down 0.7% on average. 

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

CURRENT MARKETBEATS

Office Buildings CBD
Sydney CBD Office Report

Leasing activity was more subdued in Q3 2022 as tenants appeared to delay decisions amid heightened economic uncertainty. Nevertheless, average Prime face rents did increase by 1.7% on the quarter as a result of quality uplift to average $1,410 sqm per annum (pa). 

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Office Buildings CBD
Metro Sydney Office Report

After more than 300,000 square metres (sqm) of new office space hit Sydney metropolitan office markets during 2020 and more than 200,000sqm during 2021, only 120,000sqm of new supply is set to hit the market over the next 24 months.

Download the report

Warehouse Internal Rack
Sydney Industrial Report

NSW industrial transaction volumes remained robust in the six months to September 2022. Transaction volumes increased to 1.7 billion in Q2 and $647 million in Q3 from $385 million in Q1 of 2022.

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