Melbourne

VIC 3004

Melbourne is an inner city area in Victoria, about 3 kilometres from the Melbourne CBD. St Kilda Road is the principal commercial corridor, extending through a central urban setting with office buildings, major institutions and access to Melbourne's extensive train, tram and bus networks. The city is also home to the Port of Melbourne and a major passenger terminal at Station Pier.

The market is an office and consulting market, with office suites and floors and medical or consulting suites in established central and inner-city buildings. South Melbourne, Southbank and Albert Park are nearby commercial comparisons.

132

Active lease listings

commercial properties

$25,000

Median annual rent

asking rent across all listings

290

Median days on market

across all active listings

Lease rate trend

$355/m² p.a.

Median advertised rate

Up 3.2%

Change over 12 months

$368202420252026$401$335Jan 2023Sept 2026

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

Listings by sector

91

Offices

active lease listings

31

Medical / Consulting

active lease listings

8

Retail and Shops

active lease listings

1

Hotel and Leisure

active lease listing

1

Industrial, Warehouse and Factories

active lease listing

Want to know more?

Explore commercial property insights for Melbourne in MarketBuddy.

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Last updated 5 September 2026