CBD West (Spencer Street) is best-fit for banking, government, professional services, transport hqs.

• Tier: trophy.
• Tenant fit: Banking, government, professional services, transport HQs.
• Average rent A$800/sqm/yr · ≈ $48.3 PSF/yr USD.

TL;DR

• Tier: trophy.
• Tenant fit: Banking, government, professional services, transport HQs.
• Average rent A$800/sqm/yr · ≈ $48.3 PSF/yr USD.

Best fit

Banking, government, professional services, transport HQs.

Less good fit

Cost-sensitive operations and back-office functions are usually a poor fit — the rent premium is real and is paid for brand and address.

Key facts

Frequently asked questions

Is CBD West (Spencer Street) the right fit for my office?

Banking, government, professional services, transport HQs. If your profile aligns, yes. If your priority is cost over address, consider value-tier submarkets first.

Related

• CBD West (Spencer Street) — submarket overview
• Melbourne — full city profile
• Melbourne submarkets — all
• CBD West (Spencer Street) — Rents
• CBD West (Spencer Street) — Tenants
• CBD West (Spencer Street) — Transit
• CBD West (Spencer Street) — Amenity

Editorial provenance

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

Primary sources for this page

• CBRE Marketview reports — CBRE
• JLL Office Insight — JLL
• Cushman & Wakefield Marketbeat — Cushman & Wakefield
• Savills World Research — Savills
• Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction

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