Insights H1 2026 | 9 Chris Nicholl of Commercial Sydney CBD says office vacancy across the city’s CBD held steady at 13.8% over the second half of 2025 as tenants increasingly focus on high quality properties. There is a growing divide between A-grade and B-grade assets as employers look for properties offering a wealth of amenities to entice teams back to formal workplaces. Property owners who are prepared to upgrade assets can bridge the gap by investing in improved facilities and flexible fit-outs, while assets with strong eco-credentials can deliver reduced costs for both tenants and landlords. Chris explains, “In many cases tenants want to see their leased assets work harder, often leasing less space but with a focus on amenity to attract and retain staff as well as cost reduction. Chris Nicholl chris.nicholl@sydneycbd.rhc.com.au Commercial Sydney Office Industrial Retail Rents p/m² Vacancy Yields Rates p/m² Six-month market outlook For more information, contact: Office Industrial Retail Rents p/m² $450-$2,200 n/a $500-$2,000 Vacancy 11% n/a 8% Yields 6-7.25% n/a 5.75-8.75% Rates p/m² $8,000-$30,000 n/a $7,500-$30,000 Current market conditions Undisclosed 447 Kent Street, Sydney Undisclosed 447 Kent Street, Sydney Recent Notable Transactions LEASED LEASED
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