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Melbourne’s cbd recorded net absorption of +1,446 sqm in h1 2025, the first positive figure in three years. Average vacancy rate rises marginally and remains relatively low at. Melbourne recorded no major office completions in q1 2025.
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Melbourne cbd office sales remained subdued in q2 2024,. Still the backbone of melbourne’s north industrial property in melbourne’s north remains a solid performer, but the market is evolving. Prime incentives have risen 2.1% q/q to sit at 18.3% with suburbs such as somerton, campbellfield and craigieburn reaching 25.0%.
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Incentives in q2 2024 continued to experience stability, resulting in positive prime effective rent growth this quarter.
Learn about vacancy rates, rental growth, yields, and investment opportunities across major. While the result is only marginally positive, it marks a notable shift in leasing. The 2025 supply pipeline is. New floorspace added to the market totalled c.215,000 sqm across 17 major.
Explore the latest trends in australia’s industrial property market for april 2025.
