Banks and technology firms are the dominant tenants across all capital cities, helping to keep vacancy levels at a low ebb.
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There are suggestions that Atlassian is considering taking space at the 333 George Street building under construction, while Apple, Twitter and WeWork are also new tenants in the traditional office space once the domain of banks and legal firms.
Agents say tech groups are also having a close look at the One Wharf Lane offices adjoining the Sheraton Four Points hotel in Sussex Street.
The Commonwealth Bank has spread its footprint across the western end of the Sydney city after its recent confirmation that it will lease the office building at Darling Square owned by Australian Prime Property Fund Commercial (APPF Commercial) and First State Super (FSS).
The bank is also considering its needs in Parramatta where it has about 70,000 square metres. It is looking at a range of sites, with the Australian Technology Park one preference.
UrbanGrowth NSW is selling the ATP with expectations that developer Walker Corp will emerge the victor and bring the bank with it as anchor tenant.
As first revealed by BusinessDay, internet provider Google is keen to make the White Bay power station in the Bays Precinct, Balmain, its new home where it can build a campus-style office complex.
Google is in the market for more than 60,000 square metres of space and is also considering a city address, including Brookfield Property Partners' 10 Carrington Street development.
At Darling Quarter, it is a 26,000-square-metre campus-style office and the only commercial building in Sydney's new urban neighbourhood, Darling Square in Darling Harbour, and will target a 6 Star Green Star design rating and 5 Star NABERS energy rating.
Lend Lease managing director, urban regeneration, Jonathan Emery said it was flexible office space in the heart of Sydney's expanding media, knowledge, digital and creative precinct.
"Darling Square will have around 2500 workers and 4500 residents, including over 1000 students, who will enjoy a vibrant village atmosphere that also includes new public spaces, shops and cafes," Mr Emery said.
The deals are set against the backdrop of a solid leasing sector.
As a result, the Sydney CBD vacancy rate tightened to 7.7 per cent in the third quarter of 2015, well below the 20-year average of 8.3 per cent, JLL said.
In the latest DEXUS Office Demand Barometer, it says while some parts of the city have eased, it remains in positive territory, indicating that conditions for tenant demand in Sydney are likely to remain positive over the next six months.
The DEXUS Office Demand Barometer registered 1.1 per cent for September, a decrease of 0.4 per cent from 1.5 per cent in the June 2015 quarter.
Volatility in the Australian sharemarket was a major influence on the barometer as the S&P/ASX Index fell 8 per cent over the past three months.
Peter Studley, general manager, research at DEXUS, said subdued confidence was also a factor as the latest NAB Business Confidence Index for the finance, business, and property sectors slipped in September.
"Office property owners can take comfort from the fact that this quarter's easing is as a result of movements in the more volatile components of the barometer," Mr Studley said.
JLL's head of strategic research, Australia, Andrew Ballantyne, said while financial market volatility negatively impacted on business confidence over the quarter, businesses were willing to read through the short-term volatility and make long-term strategic real estate decisions.
