Taylor Square is located beside a major road junction in eastern Sydney, where Oxford Street meets Flinders Street and Bourke Street. It is on the border of the suburbs of Darlinghurst and Surry Hills. The square sits above the tunnel section of the Eastern Distributor and is named after Sir Allen Taylor (1864-1940), a timber merchant, ship builder who was responsible for the widening of Oxford Street during his tenure as Lord Mayor of Sydney.
The locality is a centre of the city's nightlife and features many pubs, bars, nightclubs, restaurants, cafes and shops. Just 900m away, Rushcutters Self Storage is a nearby option for all business and personal storage needs.