Service charge and operating expenses in Melbourne typically add 20–35% on top of base rent for institutional Class A buildings.
Service charge and operating expenses in Melbourne typically add 20–35% on top of base rent for institutional Class A buildings.
In Melbourne, the standard Class A service charge covers cleaning, security, lobby and reception, MEP maintenance, lift servicing, lobby HVAC, exterior cleaning, and shared-amenity costs. Property taxes and insurance are often passed through separately.
Negotiate annual caps on controllable OpEx (typically 3–5% over a base year). Uncontrollable categories (utilities, taxes) are usually uncapped but should still be itemised. Audit rights matter — secure them.
| 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% |
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.