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MELBOURNE MARKETBEAT REPORTS

John Sears • 01/11/2022
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

CBD Office: 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. As the recovery gathers pace in Australia’s two biggest States, their return to greater proportions of our economy should also be reflected in workers returning to the CBDs. Premium grade net incentives are 38%.

Metro Office: 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. Upward movement in net incentives had resulted in retreating net effective rents, but they too appear to have stabilised.

Learn more by clicking our most recent Melbourne MarketBeat reports below.

CURRENT MARKETBEATS

Office Buildings CBD
Melbourne CBD Office Report

After 550,000 square metres (sqm) of new and refurbished stock was added over 2020 and 2021 combined, and the first half of 2021 delivering an additional 60,000 sqm taking our vacancy rate to almost 13%, the outlook for new supply in the CBD is comparatively subdued.

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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. 

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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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RELATED INSIGHTS

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We Make An Impact

Our people are the true makers of Cushman & Wakefield.  They create tangible outcomes, working with our clients across the Commercial Real Estate industry to make great things happen.
Simon Fenn • 14/11/2022
placemaking
Research • Insights

Place-making

Place-making is a frequently used term in commercial real estate, whereby buildings, public places, infrastructure and technology combine to create a space that encourages community participation, comments Tony Crabb, National Director, Research.
Dr. Dominic Brown • 18/09/2017

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