The trend of tenants relocating from suburban and fringe locations to Sydney’s key business hubs – Sydney CBD and North Sydney – is accelerating, driven by several compelling factors.
Tenant amenity, staff experience, and transport connectivity have never been more critical, with both hubs leading the way in offering workplaces that attract talent and encourage collaboration.
To boost in-office attendance and foster innovation, businesses are upgrading to high-quality spaces in these central locations.
Ample supply of space, existing fitouts and attractive leasing deals are driving companies to seriously consider centralisation into these key business districts.
Recent examples of relocations:
Sydney CBD
• Teachers Mutual Bank: 4,958sqm at 10 Shelley Street from Homebush
• Sanofi: 2,328sqm at Tower 2, International Towers from Macquarie Park
• Mamamia: 1,233sqm at 580 George Street from Woolloomooloo
North Sydney
• Ingram Micro: 1,727sqm at 40 Mount Street from Roseberry
• Novartis: 1,537sqm at Victoria Cross Tower from Macquarie Park
• Icon Construction: 967sqm at 141 Walker Street from Edgecliff
For further insights into the Sydney CBD and North Shore leasing markets, explore the latest editions of Market Pulse below and via our dedicated Research page.