ASIA PACIFIC OUTLOOK 2025

SYDNEY

NEW SUPPLY

In 2024, the market saw an addition of 176,000 sqm of new office space, primarily from the completion of the North Tower and South Tower at Metro Martin, which are largely pre committed. Another notable contribution came from the 48,000 sqm Parkline Place. In 2025, an additional 121,000 sqm is expected, driven largely by major refurbishments in the City Core area. Beyond 2025, the supply pipeline is projected to remain modest, providing the market with time to absorb the influx of new office stock.

- 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 200,000

FORECAST

NEW SUPPLY (SQM)

2022 2023 2024F 2025F 2026F 2027F 2028F 2029F

Cushman & Wakefield

ASIA PACIFIC OUTLOOK 2025

Source: Cushman & Wakefield