South Melbourne
VIC 3205
South Melbourne is an inner suburb in the City of Port Phillip, about 2 kilometres from the Melbourne CBD. Clarendon Street is the main commercial district, with side streets around South Melbourne Market, cafes, eateries, galleries and small bluestone laneways. The suburb is known for its preserved Victorian streetscapes, town hall and heritage buildings, and is served by several tram routes.
South Melbourne has an office and consulting market, with office suites and floors in a dense inner-urban setting close to the city centre and established commercial streets. Southbank, Albert Park and Melbourne are nearby comparisons.
167
Active lease listings
commercial properties
$95,000
Median annual rent
asking rent across all listings
221
Median days on market
across all active listings
Lease rate trend
$366/m² p.a.
Median advertised rate
Up 13.3%
Change over 12 months
Indicative only: advertised rates across all commercial listing types and sizes in South Melbourne. Drill down to individual listings in MarketBuddy
Listings by sector
113
Offices
active lease listings
20
Medical / Consulting
active lease listings
18
Industrial, Warehouse and Factories
active lease listings
15
Retail and Shops
active lease listings
1
Hotel and Leisure
active lease listing
Want to know more?
Explore commercial property insights for South Melbourne in MarketBuddy.
Last updated 5 September 2026