Moving into Melbourne from another Tier 1 market means re-baselining occupancy economics in AUD, re-running headcount density against local norms, and translating lease terminology to local conventions.
Moving into Melbourne from another Tier 1 market means re-baselining occupancy economics in AUD, re-running headcount density against local norms, and translating lease terminology to local conventions.
Headline Melbourne rent is 720 AUD/sqft/yr ($468 USD). Translate your incumbent occupancy cost-per-seat to the same basis using the Occupancy Cost tool. Most cross-border moves underestimate fit-out">fit-out timeline and overestimate density transferability.
Net leases. 7-10 year terms standard. Incentives of 30-45% (combination of free rent, fitout, and rent abatement) typical on a 10-year Class A deal. Use the Lease Term Translator to map terminology before reading the LOI.
Engage a tenant-rep broker, local counsel, an MEP/AV designer with Melbourne project history, and a project manager who has run a Class A fit-out in this market in the last 24 months.
| 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.