Quick reference: Melbourne Class A rent is 720 AUD/sqft ($468 USD), typical term 7 years, 14 months free.
Class A rent: 720 AUD/sqft/yr ($468 USD).
Typical term: 7 years.
Typical rent-free: 14 months.
Vacancy: 18.4%.
Melbourne Class A office: frequently asked questions
Quick reference: Melbourne Class A rent is 720 AUD/sqft ($468 USD), typical term 7 years, 14 months free.
TL;DR
Class A rent: 720 AUD/sqft/yr ($468 USD).
Typical term: 7 years.
Typical rent-free: 14 months.
Vacancy: 18.4%.
Quick reference
Use this page as the fast-answer reference for Melbourne. Deep coverage lives on the city page, the topic pages, and the comparison views.
Key facts
city
Melbourne
country
Australia
region
APAC
classARentLocal
720 AUD/sqft/yr
classARentUsd
$468/sqft/yr
vacancy
18.4%
typicalLeaseYears
7
typicalRentFreeMonths
14
submarkets
5
primeYieldPct
5.4%
Frequently asked questions
How material are concession packages?
Material. Effective concession packages of 30-45% (combining free rent, fitout, and rent abatement) are standard on long-term Class A deals.
What is the Melbourne Metro Tunnel impact?
The Metro Tunnel opens 2025 with five new underground CBD stations — materially expanding rapid-transit access to the CBD core and Parkville (university and life sciences).
How does Melbourne compare to Sydney?
Melbourne trophy rents trade 25-30% below Sydney; CBD vacancy is higher; professional services depth is comparable.