Pyrmont headquartered McGrath likely to open small Double Bay office

McGrath Estate Agency intends to depart its long-time Edgecliff head office in Sydney's east and take space in inner-city Pyrmont.

But there is some muted internal backlash since staff were advised of the move last friday.

It could see the agency set up a small Double Bay office.

For its head office, McGrath has taken the lease of a refurbished 1500 sqm ground floor space at 100 Harris Street, Pyrmont from late October. 

One insider reportedly suggested the new digs enabled McGrath to "continue its brand renewal."

The gross annual market rent in the former 1890s wool store sits was $600 to $700 a square metre, giving McGrath savings in lease expenses, according to the Nine Entertainment website.

McGrath will share the building with Domain and WeWork.

The agency had reduced the Edgecliff office size required on New South Head Road last year with its executive suite advertised for lease.  

It moved to the current New South Head Road premises around 2002.

Its previously had its office at Goodhope Street, Paddington terrace and then Juniper Hall on Oxford Street, Paddington.