Today, Melbourne’s commercial property market is performing well, with investors flocking to the CBD. Forefront agents report an influx of office-tower enquiries along Collins and Bourke Streets, with vacancies on the first floor at their lowest in years, at less than 12%.
The high-profile Collins Street listing of up to $140 million has already received several serious bids from both local and international funds, hours after its market announcement.
According to business leaders, hybrid work models are stabilising, and businesses are actively increasing their presence in Melbourne to attract the best talent. This has been boosted by a number of fintech and professional services companies, who have this week signed new leases to fuel the autumn rebound.
Victorian Chamber Bullish on Local Economy
Business in nearby precincts is also benefiting from improved business sentiment, as the Victorian Chamber of Commerce has received renewed interest. The CBD is also becoming more accessible through additional shuttles and improved transport options, which are helping more workers travel back without incurring extra fuel charges.
Easter trading is only slightly ahead of us; analysts are forecasting future growth into the end of 2026. Melbourne is also consolidating its position as the most liveable business city in Australia, with both local growth and foreign investment pouring into its thriving commercial centre.