悉尼中央商务区办公室2025年第三季度市场状况

•Prime yields have tightened for the first time since 2021 highlighting the underlying strength anddemandforbest in classassets in the CBD. Prime yields in the core tightened by 25bps over Q3 to average 5.75%. •Transaction volumes have reached $1.6 billion for 2025YTD, with most of the activity occurring in the firstquarter. Several assets are currently under due diligence or are in the process of on market campaigns, whichsuggests a strong finish to the year in terms of transaction volumes. •Prime net face rents increased by 2.1% over Q3, with annual growth now at 3.8%. The core precinct andmidtown continue to outperform the wider market with quarterly growth of 2.8% and3.2%respectively.Meanwhile, incentives held firm across all precincts except in the Western corridor which saw an increaseas aresult ofhigher vacancy and subdued demand. Andrea Roberts+61 2 9036 6703andrea.roberts@au.knightfrank.com Michael Kwok+61 2 9036 6620michael.kwok@au.knightfrank.com Katherine Moss+61 2 9036 6647katherine.moss@au.knightfrank.com Naki Dai+61 2 9036 6673naki.dai@au.knightfrank.com Marco Mascitelli+61 2 9036 6656marco.mascitelli@au.knightfrank.com James Marks+61 2 9036 6684james.marks@au.knightfrank.com