Ultimo

NSW 2007

Ultimo is an inner-city suburb in the City of Sydney, about 2 kilometres from the Sydney CBD. Wattle Street and Harris Street form major commercial corridors in a technology, media and education precinct that includes the University of Technology Sydney, TAFE NSW Ultimo, the Australian Broadcasting Corporation and the Powerhouse Museum. Central railway station and the Inner West Light Rail serve the area.

Ultimo has an office and consulting market, with office suites and floors and medical or consulting suites in converted industrial buildings and established inner-city commercial premises. Glebe, Haymarket and Chippendale are nearby comparisons.

58

Active lease listings

commercial properties

$47,500

Median annual rent

asking rent across all listings

172

Median days on market

across all active listings

Lease rate trend

$373/m² p.a.

Median advertised rate

Down 14.5%

Change over 12 months

$395202420252026$474$317Jan 2023Aug 2026

Indicative only: advertised rates across all commercial listing types and sizes in Ultimo. Drill down to individual listings in MarketBuddy

Listings by sector

24

Medical / Consulting

active lease listings

23

Offices

active lease listings

6

Retail and Shops

active lease listings

4

Industrial, Warehouse and Factories

active lease listings

1

Other

active lease listing

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Last updated 29 August 2026