{
  "url": "https://classa.info/cities/melbourne",
  "title": "Melbourne Class A Office Market",
  "description": "Australia's second financial capital with deep professional services tenancy.",
  "oneSentenceAnswer": "Melbourne Class A office rents around A$720/sqm/yr · ≈ $43.5 PSF/yr USD, with 18.4% vacancy and 14 months of typical rent-free on a 7-year term.",
  "tldr": [
    "Trophy product on Collins Street trades at AUD 850-1,050/sqm/year.",
    "Headline vacancy elevated post-2022 driven by hybrid work and supply.",
    "Concessions are among the richest in APAC — 30%+ effective discounts common.",
    "Significant 2024-2026 trophy delivery (Wesley Place 130 Lonsdale, Five Melbourne Quarter)."
  ],
  "keyFacts": {
    "city": "Melbourne",
    "country": "Australia",
    "region": "APAC",
    "classARentLocal": "A$720/sqm/yr · ≈ $43.5 PSF/yr USD",
    "classARentUsd": "$43.47866479621699/sqft/yr",
    "vacancyPct": "18.4%",
    "typicalLeaseYears": 7,
    "typicalRentFreeMonths": 14,
    "submarkets": 5,
    "corporateTaxPct": "30%",
    "talentIndex": 84
  },
  "faqs": [
    {
      "question": "How material are concession packages?",
      "answer": "Material. Effective concession packages of 30-45% (combining free rent, fitout, and rent abatement) are standard on long-term Class A deals."
    },
    {
      "question": "What is the Melbourne Metro Tunnel impact?",
      "answer": "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)."
    },
    {
      "question": "How does Melbourne compare to Sydney?",
      "answer": "Melbourne trophy rents trade 25-30% below Sydney; CBD vacancy is higher; professional services depth is comparable."
    }
  ],
  "pageType": "city",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/melbourne), updated 2026-04-15T00:00:00.000Z."
}