Parkville & CBD North is a prime-tier Melbourne submarket with average asking rent around A$600/sqm/yr · ≈ $36.2 PSF/yr USD.

  • Average asking rent: A$600/sqm/yr · ≈ $36.2 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.

Parkville & CBD North, Melbourne office rents and availability

Parkville & CBD North is a prime-tier Melbourne submarket with average asking rent around A$600/sqm/yr · ≈ $36.2 PSF/yr USD.

TL;DR

  • Average asking rent: A$600/sqm/yr · ≈ $36.2 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

Parkville & CBD North averages around A$600/sqm/yr · ≈ $36.2 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

Life sciences and university adjacency. Life sciences, biotech, healthcare, education.

Key facts

cityMelbourne
submarketParkville & CBD North
tierprime
averageRentLocalA$600/sqm/yr · ≈ $36.2 PSF/yr USD
cityClassARentUsd$43/sqft/yr
cityVacancyPct18.4%

Frequently asked questions

What is the average Class A rent in Parkville & CBD North, Melbourne?
Around A$600/sqm/yr · ≈ $36.2 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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