Richmond

VIC 3121

Richmond is an inner-city Melbourne suburb in the City of Yarra, about 3 kilometres from the Melbourne CBD. Bridge Road and Swan Street are major commercial and nightlife strips, joined by Church Street, with converted warehouses, Victorian-era terraces, established shopping areas, five railway stations and seven tram routes.

Richmond is an office and consulting market, with office suites and floors occupying commercial buildings along the established strips and shopfronts supporting the lively retail environment. Cremorne, Abbotsford and East Melbourne are nearby comparisons.

178

Active lease listings

commercial properties

$75,000

Median annual rent

asking rent across all listings

292

Median days on market

across all active listings

Lease rate trend

$352/m² p.a.

Median advertised rate

Up 5.7%

Change over 12 months

$350202420252026$383$317Jan 2023Sept 2026

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

Listings by sector

101

Offices

active lease listings

31

Retail and Shops

active lease listings

25

Medical / Consulting

active lease listings

15

Industrial, Warehouse and Factories

active lease listings

4

Other

active lease listings

2

Showrooms / Bulky Goods

active lease listings

Want to know more?

Explore commercial property insights for Richmond in MarketBuddy.

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Last updated 5 September 2026