West Melbourne

VIC 3003

West Melbourne is an inner suburb in the City of Melbourne, about 1 kilometre from the Melbourne CBD. Spencer Street is the main commercial route, with King Street carrying activity along the western side of the inner city. The suburb has a dense residential and industrial section near the CBD, as well as rail yards and port facilities beyond the railway lines. North Melbourne station is located within West Melbourne, and tram routes run along Victoria Street.

West Melbourne is an office and consulting market, with office suites and floors in the inner-city section and warehouses and factories connected with its industrial and port setting. Commercial premises sit close to major transport infrastructure and the CBD edge. North Melbourne, Docklands and Melbourne are nearby comparison markets.

46

Active lease listings

commercial properties

$95,000

Median annual rent

asking rent across all listings

306

Median days on market

across all active listings

Lease rate trend

$308/m² p.a.

Median advertised rate

Down 2.7%

Change over 12 months

$326202420252026$371$280Jan 2023Sept 2026

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

Listings by sector

19

Offices

active lease listings

16

Industrial, Warehouse and Factories

active lease listings

4

Retail and Shops

active lease listings

3

Hotel and Leisure

active lease listings

3

Medical / Consulting

active lease listings

1

Land and Developments

active lease listing

Want to know more?

Explore commercial property insights for West Melbourne in MarketBuddy.

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Last updated 5 September 2026