Launceston

TAS 7250

Launceston is a regional city in northern Tasmania, at the confluence of the North Esk and South Esk rivers where they form the River Tamar. St John Street and Brisbane Street define the city block commercial centre, which serves as a major retail and service hub for northern Tasmania. The city has many historic buildings and includes a University of Tasmania campus.

Launceston is a regional city centre, with office suites and floors, medical or consulting suites and shopfronts serving a broad service and retail economy. Invermay, Waverley and Kings Meadows are nearby commercial areas.

133

Active lease listings

commercial properties

$36,500

Median annual rent

asking rent across all listings

157

Median days on market

across all active listings

Lease rate trend

$258/m² p.a.

Median advertised rate

Down 4.8%

Change over 12 months

$275202420252026$305$244Jan 2023Sept 2026

Indicative only: advertised rates across all commercial listing types and sizes in Launceston. Drill down to individual listings in MarketBuddy

Listings by sector

70

Offices

active lease listings

37

Medical / Consulting

active lease listings

24

Retail and Shops

active lease listings

2

Industrial, Warehouse and Factories

active lease listings

Want to know more?

Explore commercial property insights for Launceston in MarketBuddy.

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Last updated 5 September 2026