悉尼中央商务区办公室2026年第一季度市场状况

Rents continue to rise Q1 2026 •The strong rental growth experienced in 2025 has continued into Q1 with prime net face rents in Sydney CBDrising 3.3% over the quarter to average $1,443/sqm, on an annual basis net face rents have grown 8.6%. Rentalgrowth has been strongest in the core with growth of 11.2% over the year. •The continued weighting of tenant demand towards the Core precinct has widened the net face rental spreadbetween Core and other precincts, of note is the 45% discount to the Southern precinct. •Following yield compression over the second half of 2025, yields have remained flat in Q1 to average 5.7%. •There has been solid investor activity in Q1 with a portion of 180 George Street transacting and 32-36 YorkStreet. Despite the current geopolitical climate and macroeconomic uncertainty there are severalopportunities formoreassetsto trade over the comingquarter. Source: Knight Frank Research Office LeasingAl Dunlop+61 2 9036 6765al.dunlop@au.knightfrank.com Capital MarketsRob Sewell+61 2 9036 6847rob.sewell@au.knightfrank.com Occupier ServicesKatherine Moss+61 2 9036 6647katherine.moss@au.knightfrank.com Research & ConsultingNaki Dai+61 2 9036 6673naki.dai@au.knightfrank.com Research & ConsultingMarco Mascitelli+61 2 9036 6656marco.mascitelli@au.knightfrank.com Valuations & AdvisoryJames Marks+61 2 9036 6684james.marks@au.knightfrank.com