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About
Mercer

Sydney
Specialists

Who we are

Our team has been instrumental in delivering some of the most exciting retail and commercial projects in Sydney.

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Our Expertise

The new mid-rise tower sits adjacent to the 25 Hours Hotel with 109 rooms, being developed by Central Element and Boston Global, which is set to open in December. Oxford House is also nearby at 21 Oxford Street and features a 56-room hotel with a courtyard pool, poolside bar and all-day diner.

The council and developers are focused on offering office space in prime suburban precinct as more people opt to work closer to home.

Leasing agents for the new Verona, Mercer Property and Knight Frank, said early enquiry has been received from tenants across a broad range of industries given the development’s proximity to Allianz Stadium, Fox Studios and St Vincent’s Hospital in Darlinghurst.

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Expert advice

We strive to be an entrepreneurial boutique agency providing expert advice across a range of property services. Our people hold an impeccable track record in the marketplace and have been instrumental in delivering some of the most exciting retail and commercial projects in Sydney.

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Market Leaders

We strive to be an entrepreneurial boutique agency providing expert advice across a range of property services. Our people hold an impeccable track record in the marketplace and have been instrumental in delivering some of the most exciting retail and commercial projects in Sydney.

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A progressive approach

We strive to be an entrepreneurial boutique agency providing expert advice across a range of property services. Our people hold an impeccable track record in the marketplace and have been instrumental in delivering some of the most exciting retail and commercial projects in Sydney.

“It’s a compelling opportunity, there’s simply no office space of this scale available in Paddington. It’s bringing city-style space to Paddington and the market is ready for it. The tech sector is another with other fringe locations like Surry Hills and Darlinghurst at capacity.”

Tom Speakman

FOunding Director Mercer Property

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He said there is demand from eastern suburbs-based workers who are drawn to Verona’s proximity to home, that will reduce the commute into the city.

Data from Knight Frank reveals the surge in demand for commercial space in CBD fringe locations in response to persistent hybrid working styles post-COVID, with net face rents experiencing an average growth rate of 6 per cent over the last 18 months. The director and head of office leasing at Knight Frank, Nick Lau, said vacancy rates within the city fringe are among the lowest in the Greater Sydney area, “with an undersupply of prime stock evidenced by sub 2 per cent vacancy in Surry Hills, Darlinghurst and Eveleigh”.

Matt Davoren

Founding Director

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Company News

View more
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Commercial property appetite jumps, but rate fears cloud recovery

Developments

20 May 2026

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First look: Paddington’s arthouse Verona cinema to become $100m office block

Insights

20 May 2026