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.
99
Active lease listings
commercial properties
$39,500
Median annual rent
asking rent across all listings
131
Median days on market
across all active listings
Lease rate trend
$184/m² p.a.
Median advertised rate
Up 2.8%
Change over 12 months
Indicative only: advertised rates across all commercial listing types and sizes in Cheltenham. Drill down to individual listings in MarketBuddy
Listings by sector
55
Industrial, Warehouse and Factories
active lease listings
20
Offices
active lease listings
18
Medical / Consulting
active lease listings
3
Retail and Shops
active lease listings
2
Other
active lease listings
1
Hotel and Leisure
active lease listing
Want to know more?
Explore commercial property insights for Cheltenham in MarketBuddy.
Last updated 26 September 2026