Serviced Offices North Shore, NSW

Rent Upper North Shore Office Space

OfficeSpace.com.au has serviced offices, virtual offices and coworking space for rent and modern offices for lease in prime business locations with a prestigious office address of North Shore Sydney. These fully furnished and wired flexible offices and coworking spaces are available for immediate occupation on long or short term, flexible contracts.

Many of the buildings and centres we list offer all inclusive, short term rental agreements for fully furnished and serviced office space available, that comes with a host of professional services, high spec features and amenities such as a ground floor reception, hot desk facilities, 24hour access, car parking, personalised phone calls, and other great training facilities. This provides your company with a move-in ready private office space at a prestigious address in Sydney's North Shore, without tying you into a multi year lease.

We have listed flexible offices within close proximity of Sydney International Airport, as well as modern offices for lease with easy access to the Central Business District and the Eastern suburbs.

The North Shore Office Space Market

The North Shore office market contains more than 1.5 million square metres, although most of the office stock is in the North Sydney-Macquarie Park area, with over 935,000 square metres. Other North Shore sub-markets are Chatswood, which has 300,000 square metres of floor space, and St Leonard’s with 360,000 square metres.

On the whole, North Shore is generally known for the quality of its office space, since only 1.5% of the total inventory is classified as D Grade.

Popular Office Locations:

• North Sydney, known for its corporate offices and stunning harbour views.
• Macquarie Park, set to become one of Australia's largest commercial precincts and currently the second largest in NSW.
• Chatswood, which attracts businesses in finance, professional services, and technology.
• St Leonard’s, a smaller market with a strong presence of healthcare and education companies.
• Further north off the A8 road, suburban offices in towns like Newport offer excellent value for serviced office space and a relaxed lifestyle, with access to golf clubs, beaches, and natural reserves only a 40-min drive from North Sydney.

Trends: This is a very active market with lower vacancy rates than Sydney Core areas and experiencing many relocations due to the quality-cost ratio of local offices. In 2023, there was a surge in activity, coinciding with the delivery of new office buildings that offered excellent value to tenants looking for an alternative to the CBD.

The availability of premium grade offices is mostly limited to North Sydney / Macquarie, with more than 70% of the total stock in those areas being premium units.

Most enquiries in the North Shore market are driven by media, telecom, information, and manufacturing firms, and the most recent deals are all above 3,000 sqm, with several major tenants expanding their office footprint in the area instead of downsizing.

North Shore Serviced Offices

Serviced offices in North Sydney offer a flexible and cost-effective solution for businesses looking to establish themselves in a prestigious area. These fully furnished and move-in-ready spaces are available on short or long-term contracts created with flexibility in mind.

These offices are ideal for tech firms, startups, and professional services companies looking for high-quality amenities like 24-hour access, reception services, on-site management and business support staff, showers, kitchen, and meeting rooms. What’s more, North Sydney’s close proximity to downtown Sydney—just a short 10-minute commute by road or train and a 20-minute drive to Sydney airport—makes it a convenient location for businesses seeking accessibility

Average Office Rental Costs: Net effective rents for premium grade offices range between $950 and $1,200 / sqm.

A Grade offices range from $350 - $450 / sqm in North Ryde and Macquarie Park to $800 / sqm in North Sydney, and are in the mid $600s / sqm in St Leonard’s and Chatswood.

B Grade offices average $700 / sqm in North Sydney, $550 / sqm in St Leonard’s and Chatswood, and $350 / sqm in Macquarie Park and North Ryde.

North Shore Office Market Outlook

Future growth in the North Shore market will be driven by expansion in Macquarie Park. By 2065, this area is expected to have an office inventory of 3.6 million sqm. In the shorter term, more than 100,000 sqm of brand-new offices will be delivered by 2028.

The completion of Sydney metro stations in the Crows Nest / St Leonard’s area from mid 2024 onwards will improve even further the area’s appeal as an office location that offers excellent value and connectivity.

Rental rates are expected to continue increasing over the medium term, even for lower grade offices, since outside of Macquarie Park, there are no other developments planned beyond 2028.

Contact OfficeSpace.com.au

Select from the serviced offices, modern offices, virtual offices, private office space and coworking spaces available for rent in North Shore above, and add them to your shortlist. These furnished offices are located at prestigious business addresses and are offered on flexible terms, giving you the chance to rent serviced and/or coworking space for whatever period you need with the option to scale up or down as your office suite requirements change.