Parkville & CBD North's tenant base is anchored by life sciences, biotech, healthcare, education.

  • Tier: prime.
  • Tenant character: Life sciences and university adjacency.
  • Average rent: A$600/sqm/yr · ≈ $36.2 PSF/yr USD.

Parkville & CBD North, Melbourne tenant profile

Parkville & CBD North's tenant base is anchored by life sciences, biotech, healthcare, education.

TL;DR

  • Tier: prime.
  • Tenant character: Life sciences and university adjacency.
  • Average rent: A$600/sqm/yr · ≈ $36.2 PSF/yr USD.

Who clusters here

Life sciences, biotech, healthcare, education.

What that means for newcomers

Newcomers to Parkville & CBD North should expect peer-tenant scrutiny: covenant strength, brand fit, and signage standards are watched closely. Lease-up product underwrites by anchor tenant; secondary tenants typically benefit from anchor halo.

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 kind of tenants lease in Parkville & CBD North?
Life sciences, biotech, healthcare, education.

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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