CBD East (Collins Street) is a trophy-tier Class A submarket of Melbourne with average asking rent around A$880/sqm/yr · ≈ $53.1 PSF/yr USD.
Trophy financial and legal spine. · Tier: trophy · Avg rent: A$880/sqm/yr · ≈ $53.1 PSF/yr USD
CBD East along Collins Street anchors Melbourne's trophy core — 120 Collins, 101 Collins, and the deepest financial-services Class A concentration in Victoria.
Banking (NAB, ANZ), insurance, law (Allens, MinterEllison), professional services.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
Parliament, Melbourne Central, Flinders Street (Metro Trains, multiple tram lines).
Multi-modal transit captures the metro's principal professional catchment.
Collins Street retail, Bourke Street Mall, Federation Square.
CBD East (Collins Street) is one of 5 Class A submarkets we cover in Melbourne, classified as trophy tier with an average asking rent around A$880/sqm/yr · ≈ $53.1 PSF/yr USD. Compared with the broader Melbourne Class A stock, CBD East (Collins Street) typically attracts Banking (NAB, ANZ), insurance, law (Allens, MinterEllison), professional services and competes most directly with the city's other trophy submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside CBD East (Collins Street): CBD West (Spencer Street), Docklands, Southbank, Parkville & CBD North. The full Melbourne submarket atlas is at /cities/melbourne.
For an institutional Class A occupier evaluating CBD East (Collins Street), the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Melbourne Class A leasing and to the trophy tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.