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Melbourne MarketBeat Reports

01/07/2026

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

Melbourne's office market is approaching an important turning point. With much of the recent development pipeline now delivered, the market is shifting from accommodating new supply to absorbing it. Prime rental growth continued through Q2 2026, with net effective rents increasing across both Premium and A-grade assets, while incentives remained broadly unchanged. Demand continues to favour prime-grade buildings as leasing fundamentals gradually improve.

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MELBOURNE FRINGE OFFICE REPORT

Melbourne's Fringe office market is navigating a period of adjustment, with leasing demand shifting toward more affordable and flexible space options. While vacancy has risen in South Bank and St Kilda Road, rental growth continues in key precincts like Cremorne and Richmond. Investor interest remains selective, with well-located assets near transport and infrastructure continuing to attract attention.

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Melbourne Industrial Report

Leasing volumes have reached 770,000 sqm so far in 2026; however, net absorption remains weak as occupier expansions remain limited. A flight to quality remains a key theme, with almost 85% of space leased in Q2 2026 comprising prime-grade assets as occupiers seek greater operational efficiencies. The vacancy rate saw a modest increase to 4.2%, although conditions continue to vary significantly across submarkets and precincts.

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FEATURED INSIGHTS

Australian Marketbeat Report
MarketBeat • Economy

Australian Marketbeat Reports

Our Australian MarketBeat Reports cover local CBD and metro office markets, and industrial and logistics in Sydney, Melbourne, Brisbane, Adelaide and Perth.
07/07/2026
APAC Marketbeat
MarketBeat

Melbourne MarketBeat Reports

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
01/07/2026
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 • 07/05/2026

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PREVIOUS MARKETBEATS

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