Docklands is a prime-tier Class A submarket of Melbourne with average asking rent around A$700/sqm/yr · ≈ $42.3 PSF/yr USD.
Trophy waterfront expansion. · Tier: prime · Avg rent: A$700/sqm/yr · ≈ $42.3 PSF/yr USD
Docklands anchors Melbourne's trophy waterfront expansion — Melbourne Quarter Tower, Collins Square, and major NAB and Medibank tenancy.
Banking (NAB), telecom, healthcare insurance (Medibank), media.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
Southern Cross, Docklands Park (Metro Trains, tram).
Multi-modal transit captures the metro's principal professional catchment.
The District Docklands, Marvel Stadium, Yarra waterfront.
Docklands is one of 5 Class A submarkets we cover in Melbourne, classified as prime tier with an average asking rent around A$700/sqm/yr · ≈ $42.3 PSF/yr USD. Compared with the broader Melbourne Class A stock, Docklands typically attracts Banking (NAB), telecom, healthcare insurance (Medibank), media and competes most directly with the city's other prime submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Docklands: CBD East (Collins Street), CBD West (Spencer Street), Southbank, Parkville & CBD North. The full Melbourne submarket atlas is at /cities/melbourne.
For an institutional Class A occupier evaluating Docklands, 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 prime 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.