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As one of the world’s most culturally diverse cities, it can be little surprise that Melbourne’s commercial property market is similarly abundant with brilliant variety. From sleek office towers in the CBD to trendy retail spaces in South Yarra and modern industrial complexes in the outer suburbs, the development sites in Melbourne provide options for investors of all scales and strategies.
From its world-renowned CBD to trendy South Yarra and the rapidly developing Docklands, Melbourne’s commercial property landscape is diverse and rich with opportunities. CommercialReady guides you through this market with up-to-date data and due diligence tools that help you locate the perfect commercial investment opportunity in Melbourne for your needs.
Whether you’re eyeing a modern office space in the heart of the city, a spacious retail outlet in South Yarra, or an industrial property in the outer suburbs, there’s a high-quality commercial asset in Melbourne with your name on it. The CBD continues to be a hotspot for premium office spaces, while areas like Docklands offer modern mixed-use developments. South Yarra and surrounding inner-city suburbs are prime locations for retail and hospitality investments.
Use our advanced search filters to narrow down your options by asset type, location, price range, or size. This way, you can easily uncover the gems that align with your investment strategy.
Property Prices: Melbourne’s prime locations are seeing impressive growth. The CBD and trendy South Yarra are particularly hot, with property values climbing steadily and indicating an overall robust market for commercial investments.
Rental Yields: If you’re after solid returns, Melbourne’s commercial properties are delivering. With vacancy rates staying low, prime locations are offering attractive yields around 5-6%.
Development Potential: Melbourne’s future is looking bright, thanks to major infrastructure projects. The Melbourne Metro Tunnel is a game-changer, set to enhance connectivity across the city. This $11 billion project, opening in 2024-25, will create new commercial pockets around its five new underground stations.
Demographics: A surging population - ABS forecasts suggest it will be nearing six million in 2026 - is driving demand for all kinds of commercial assets in Melbourne.
Economic Indicators: Melbourne’s economy is standing strong, backed by powerhouse sectors like finance, technology, and education. This diverse economic base provides a solid foundation for the commercial property market.
Check out recently sold commercial properties and compare investment opportunities across Melbourne