Market Pulse CBD June-26 pages - Flipbook - Page 14
Market Pulse Sydney CBD Office Market
Vacancy
The Sydney CBD vacancy rate tracked sideways over H2 2025, moving from 13.7% to 13.8% in the six months to Jan26. This is the highest vacancy rate the market has seen in 31 years (since Jan-95). The result was driven by modest net
supply (17,601sqm) not entirely offset by even more modest net absorption (11,359sqm).
Premium continues to have the lowest vacancy rate amongst investment grade (Premium, A and B) assets, which
comprise 90% of total Sydney CBD office stock. This is more remarkable given that most of the new supply (e.g. 1
Elizabeth Street, 39 Martin Place, Parkline Place and 33 Alfred Street) has been Premium grade. Similarly, the Core
enjoys relatively low vacancy despite much of the recent supply additions have been in this precinct.
Total Vacancy Rate (Jan 1990 - Jan 2026)
Vacancy Rate by Precinct
Vacancy Rate by Building Grade
Precinct
As At
Jan-26
As At
Jul-25
Buiding Grade
As at
Jan-26
As at
Jul-25
City Core
11.6%
12.0%
Premium
8.9%
9.8%
Midtown
17.9%
16.4%
A Grade
16.6%
17.6%
Western Corridor
15.0%
15.4%
B Grade
16.0%
14.4%
Walsh Bay/The Rocks
10.7%
10.3%
C Grade
13.5%
10.4%
Southern
11.9%
12.3%
D Grade
10.3%
8.3%
Sydney CBD
13.8%
13.7%
Sydney CBD
13.8%
13.7%
Data as at Jan-26
14 | cadigal.com.au
