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Melbourne MarketBeat Reports

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

CBD Office

  • Rents and incentive levels remain stable as quality office accommodation options remain available in Melbourne’s CBD.
  • The slow return of white-collar workers into Melbourne's office buildings has frustrated occupancy levels for much of 2022. In a market where workers arguably have the upper hand, flexibility around remote working has become a feature for consideration in the current workspace, and the management of hybrid working.
  • Larger occupiers investigating options now, significantly earlier than expiry, in an attempt to bring their workers back to the office and to attract limited talent to their businesses, will essentially bring future net absorption levels forward and likely accelerate a recovery of the office market

Metro Office

  • Melbourne's fringe has an opportunity to supply Melbourne with greater diversity around workplace options as we move into a hybrid working environment and more emphasis is being placed of the Social aspect of ESG principals
  • As the CBD continues to bring new stock to an oversupplied market with buildings designed around tenant expectations prior to the pandemic, the new fringe markets of Richmond and Cremorne through to Collingwood and Fitzroy, are uniquely positioned to deliver smaller assets best suited to the traditional fringe tenant but with a focus on engaging with the community, particularly around the curation of retail or third space experiences on the ground floors.
  • Expected growth in creative and tech industry based employment is expected to support the suburban office market generally, but will have particular influence on the inner fringe to the east, which is fast becoming a precinct known for high tech, Silicon Yarra.
Learn more by clicking our most recent Melbourne MarketBeat reports below.


Office Buildings CBD
Melbourne CBD Office Report

The consolidation of incentives is reflective of a market that has seen a welcomed increase in the number of enquiries on the previous year, however, there remains a variety of tenant options available across quality office accommodation.


Office Buildings CBD
Melbourne Metro Office Report

Despite the uncertainty in recent years across the CBD market, metro market net face rents have remained relatively stable, with some upward pressures given the quality of new supply entering the market.


Warehouse Internal Rack
Melbourne Industrial Report

After weathering the COVID 19 induced recession of 2020 as well as the subsequent waves of the virus and inclement weather in 2021 and early 2022, the Australian economy was poised for recovery.


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