Market Pulse CBD June-26 pages - Flipbook - Page 12
Market Pulse Sydney CBD Office Market
Tenant
Enquiry
Active tenant enquiry for the Sydney CBD fell 9.5% over Q1 2026, to
358,098sqm. This total includes the extraordinarily large Westpac
enquiry estimated at 80,000-100,000sqm, which was reduced from
an initial estimate of 120,000-150,000sqm and drove the latest fall
in total enquiry.
Disregarding the Westpac requirement, overall active tenant
enquiry remains subdued and has been substantially below the
long-term average since Mar-24.
Current active enquiry is comprised of 152 requirements which is
substantially higher than the previous quarter (131), driven by new
enquiries in the 1,000-2,999sqm size range.
Examples of larger enquiries to recently enter the market include
TikTok (ByteDance) seeking 4,500-9,000sqm, Meta (5,000sqm),
newly formed insurance group Acenda (3,500-4,500sqm) and Zip
Current Tenant Enquiry by Size
(Enquiries over 500sqm)
Enquiry Size
Area (sqm)
Number
3,000sqm+
202,750
21
1,000-2,999sqm
116,750
77
500-999sqm
38,598
54
358,098
152
Total
Data as at Mar-26
Large enquiries to have entered the market recently
include (from top to bottom) TikTok, Meta, Acenda and
Zip Co.
12 | cadigal.com.au
