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Melbourne MarketBeat Reports

25/06/2025

Cushman & Wakefield’s Melbourne MarketBeat reports analyse quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Learn more about our local markets and property types by downloading our most recent Melbourne MarketBeat reports below.

CURRENT MARKETBEATS

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MELBOURNE CBD OFFICE REPORT

Leasing demand is gradually improving after an extended slow period. Premium-grade net effective rents rose 5.1% year-on-year, with incentives steady at 46.8%, while growth in A-grade and secondary office remains modest. Vacancy is expected to peak in 2027 as more supply enters the market. Investor sentiment is lifting in the mid-market, with demand focused on assets offering repositioning potential and stable income.

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MELBOURNE FRINGE OFFICE REPORT

Across the Melbourne fringe markets net effective rents have increased slight whilst incentives have remained stable. While rents have seen a slight improvement, the investment market continues to remain subdued, with limited transactions in Q1 2025.

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Melbourne Industrial Report

Leasing demand is showing signs of improvement in Melbourne, following a patchy past six months. Gross take-up reached just over 270,000 sqm in Q2 2025, with volumes in 2025 being 17% above the same point in 2024. The vacancy rate now sits at 2.9%; however, a reduced speculative pipeline over the next 12 months will likely place downward pressure on availability in 2026.

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FEATURED INSIGHTS

Warehouse Internal Rack
MarketBeat • Investment / Capital Markets

Australia Capital Markets Marketbeat Report

The Australia Capital Markets Marketbeat Report offers a examination of the Australian economy.
Jake McKinnon • 16/04/2025
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Research • Investment / Capital Markets

Australian CRE Glide Path Report

This report gives an update on recent pricing trends in the Commercial Real Estate market and how this is set to evolve.
12/09/2024
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Insights • Investment / Capital Markets

Rethinking The Australian Office

Our Rethinking the Australian Office Report provides an in-depth analysis of the Australian office market to help landlords interpret the value of strategically repositioning their buildings.
12/08/2024

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PREVIOUS MARKETBEATS

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