Cheltenham

VIC 3192

Cheltenham is a south-eastern Melbourne suburb in the Cities of Bayside and Kingston, about 18 kilometres from the Melbourne CBD. Chesterville Road and Bay Road are major commercial and employment approaches, while Westfield Southland forms a large shopping centre in the northern part of the suburb. Cheltenham railway station and Southland station serve the area, with the suburb also marking the starting point for the Suburban Rail Loop.

Cheltenham is an industrial and distribution precinct, with warehouses and factories, office suites and floors and medical or consulting suites across its broad employment and retail setting. Highett, Moorabbin and Heatherton provide nearby comparisons.

88

Active lease listings

commercial properties

$40,000

Median annual rent

asking rent across all listings

136

Median days on market

across all active listings

Listings by sector

51

Industrial, Warehouse and Factories

active lease listings

17

Offices

active lease listings

15

Medical / Consulting

active lease listings

2

Retail and Shops

active lease listings

1

Hotel and Leisure

active lease listing

1

Land and Developments

active lease listing

1

Other

active lease listing

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Last updated 15 August 2026