Page 89 - 143 Macquarie Street Annexure

SYDNEY CBD OFFICE MARKETBEAT SEPTEMBER 2019
SUBMARKET
INVENTORY* (SQM)
VACANCY RATE*
UNDER CONSTRUCTION (SQM)
GROSS EFFECTIVE RENT
A$/SQM/YR
US$/SQM/YR
EUR/SQM/YR
John Sears
Head of Research, Australia & New Zealand
Level 22, 1 O’Connell Street Sydney, NSW 2000 | Australia
Tel: +61 (0)466 387 016 john.sears@cushwake.com
Premium 1,162,107 A-Grade 1,823,253 B-Grade 1,365,019
^All-Grades *As at 01/07/2019
AUD/USD = 0.6755; AUD/EUR = 0.6175 as at 26th September 2019
KEY LEASING TRANSACTIONS Q3 2019
231 Elizabeth Street Midtown 175 Pitt Street City Core
2.7% 1130 3.2% 990 4.1% 820
763 668 555
697 611 507
SYDNEY CBD TOTAL^
PROPERTY
SUBMARKET TENANT SQM LEASE TYPE
DATA INTO ACTION
SIGNIFICANT PROJECTS UNDER CONSTRUCTION
NSW Government 21,700 VMware 3,500
Consolidation Renewal + Expansion
PROPERTY
SUBMARKET MAJOR TENANTS SQM COMPLETION DATE
A Cushman & Wakefield Research Publication
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more,
60 Martin Place
Daramu House, C1 Barangaroo Wynyard Place, 10 Carrington Street Circular Quay Tower, 180 George Street Quay Quarter Tower, 50 Bridge Street
Core Norton Rose Fullbright, IWG 38,600 Walsh Bay WeWork 10,032 Core NAB, Allianz, Brookfield 59,408 Core 54,000 Core AMP, Deloitte 88,274
2019 Q4 2019 Q4 2020 Q4 2022 Q1 2023 Q1
visit www.cushmanwakefield.com or follow @CushWake on Twitter.
www.cushmanwakefield.com
Copyright © 2019 Cushman & Wakefield. All rights reserved. The information contained within this report is gathered from multiple sources considered to be reliable. The information may contain errors or omissions and is presented without any warranty or representations as to its accuracy.
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