Melbourne's office market is recovering from record-high vacancy rates, which peaked around 18% in the CBD.
: Rental growth recovery is expected to gain significant momentum by 2027 as current incentives begin to taper off. Australian Commercial Real Estate Outlook 2026 | AU
: Many institutional investors have divested, creating entry points for private family offices and high-net-worth individuals to acquire stabilized assets at attractive values.
: A sharp 46% fall in speculative supply is forecast through 2026, which is expected to drive vacancy rates lower and maintain upward pressure on rents. 🏢 Office Sector: Stabilization & Opportunity
As of April 2026, the Melbourne commercial property market is shifting from a period of caution into a . Performance is fragmented, with industrial assets leading the market while the office sector begins to stabilize after significant value corrections. 🏭 Industrial & Logistics: The Market Leader
: Occupier demand is concentrated in Premium-grade assets (e.g., the "Paris End" of Collins Street), where net effective rents are rising.
: Strong demand in the West and North submarkets, particularly for facilities between 1,000 and 5,000 sqm.