CBD East (Collins Street) is a trophy-tier Melbourne submarket with average asking rent around A$880/sqm/yr · ≈ $53.1 PSF/yr USD.

  • Average asking rent: A$880/sqm/yr · ≈ $53.1 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: A$720/sqm/yr · ≈ $43.5 PSF/yr USD ($43 USD).
  • Citywide vacancy: 18.4% — submarket-level availability is typically tighter at trophy tier.

CBD East (Collins Street), Melbourne office rents and availability

CBD East (Collins Street) is a trophy-tier Melbourne submarket with average asking rent around A$880/sqm/yr · ≈ $53.1 PSF/yr USD.

TL;DR

  • Average asking rent: A$880/sqm/yr · ≈ $53.1 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: A$720/sqm/yr · ≈ $43.5 PSF/yr USD ($43 USD).
  • Citywide vacancy: 18.4% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

CBD East (Collins Street) averages around A$880/sqm/yr · ≈ $53.1 PSF/yr USD for Class A, against a citywide Class A index of 720. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

Trophy financial and legal spine. Banking (NAB, ANZ), insurance, law (Allens, MinterEllison), professional services.

Key facts

cityMelbourne
submarketCBD East (Collins Street)
tiertrophy
averageRentLocalA$880/sqm/yr · ≈ $53.1 PSF/yr USD
cityClassARentUsd$43/sqft/yr
cityVacancyPct18.4%

Frequently asked questions

What is the average Class A rent in CBD East (Collins Street), Melbourne?
Around A$880/sqm/yr · ≈ $53.1 PSF/yr USD. The citywide Class A index sits at A$720/sqm/yr · ≈ $43.5 PSF/yr USD.

Related

Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

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