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Commercial · Inner Melbourne · Q1 2025

Melbourne commercial
market intelligence.

Net yields, vacancy rates and rent per m² across Melbourne's key commercial precincts. Office, retail, industrial and mixed-use. Updated weekly.

Inner Melbourne · 6 precincts

Precinct market data

Office
CBD Core
Collins St precinct
6.8%
Net yield
↑ +0.4% this quarter
Vacancy11.2%
Avg rent$680/m²
Retail
Fitzroy
Brunswick St strip
5.4%
Net yield
↑ +0.6% this quarter
Vacancy7.8%
Avg rent$420/m²
Industrial
Port Melbourne
Inner west logistics
5.9%
Net yield
↑ +1.2% this quarter
Vacancy3.1%
Avg rent$195/m²
Mixed
Collingwood
Smith St precinct
5.1%
Net yield
↓ -0.2% this quarter
Vacancy9.4%
Avg rent$380/m²
Office
Richmond
Swan St strip
6.2%
Net yield
↑ +0.3% this quarter
Vacancy10.8%
Avg rent$520/m²
Retail
South Melbourne
City fringe precinct
5.6%
Net yield
↑ +0.5% this quarter
Vacancy6.9%
Avg rent$440/m²
Market summary · Q1 2025
6.8%
Avg net yield · CBD office
3.1%
Vacancy · Industrial (lowest)
$680/m²
Top rent · Collins St office
+1.2%
Best yield growth · Port Melb
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