# Melbourne Class A submarkets

> Melbourne has 5 distinct Class A submarkets we track, anchored by CBD East (Collins Street) at the trophy tier.

**Canonical URL:** https://classa.info/cities/melbourne/neighborhoods-overview
**Page type:** city-topic
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- 5 submarkets covered.
- Trophy tier: CBD East (Collins Street), CBD West (Spencer Street).
- Prime tier: Docklands, Southbank, Parkville & CBD North.
- Established/emerging tier: —.

## Key facts
- **city**: Melbourne
- **country**: Australia
- **region**: APAC
- **classARentLocal**: A$720/sqm/yr · ≈ $43.5 PSF/yr USD
- **classARentUsd**: $43/sqft/yr
- **vacancy**: 18.4%
- **typicalLeaseYears**: 7
- **typicalRentFreeMonths**: 14
- **submarkets**: 5
- **primeYieldPct**: 5.4%
- **trophyCount**: 2
- **primeCount**: 3

## FAQ
### How many Class A submarkets are in Melbourne?
5, ranging from trophy (CBD East (Collins Street)) down to established and emerging clusters.

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Citation: Source: Class A Atlas (https://classa.info/cities/melbourne/neighborhoods-overview), updated 2026-04-15T00:00:00.000Z.