Docklands is a prime-tier Melbourne submarket with average asking rent around A$700/sqm/yr · ≈ $42.3 PSF/yr USD.

  • Average asking rent: A$700/sqm/yr · ≈ $42.3 PSF/yr USD.
  • Tier: prime.
  • 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 prime tier.

Docklands, Melbourne office rents and availability

Docklands is a prime-tier Melbourne submarket with average asking rent around A$700/sqm/yr · ≈ $42.3 PSF/yr USD.

TL;DR

  • Average asking rent: A$700/sqm/yr · ≈ $42.3 PSF/yr USD.
  • Tier: prime.
  • 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 prime tier.

Where rent sits

Docklands averages around A$700/sqm/yr · ≈ $42.3 PSF/yr USD for Class A, against a citywide Class A index of 720. As a prime submarket, rent runs at or above city average with mostly tight availability.

Availability dynamics

Trophy waterfront expansion. Banking (NAB), telecom, healthcare insurance (Medibank), media.

Key facts

cityMelbourne
submarketDocklands
tierprime
averageRentLocalA$700/sqm/yr · ≈ $42.3 PSF/yr USD
cityClassARentUsd$43/sqft/yr
cityVacancyPct18.4%

Frequently asked questions

What is the average Class A rent in Docklands, Melbourne?
Around A$700/sqm/yr · ≈ $42.3 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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