31
May
Sydney CBD Office Market Vacancy Now To End 2026: Additions
31 May 2023
In Markets
Total office stock in the Sydney CBD today is approximately 5,200,000 m2. Approximately 170,000 m2 (3%) of stock is being added to the market this year and about 50,000 m2 (1%) in 2023.
For the years 2024 to 2028 there are about 500,000 m2 + of approved, planned or mooted new office buildings. Of this total we currently think less than half will be completed. This being the case, average additional stock will be only around 1% per annum for the years from 2024 to 2026 inclusive.
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