Parkville (future Metro Tunnel, 2025).
Parkville (future Metro Tunnel, 2025).
Parkville (future Metro Tunnel, 2025).
Multi-modal transit captures the metro's principal professional catchment.
| city | Melbourne |
|---|---|
| submarket | Parkville & CBD North |
| tier | prime |
| averageRentLocal | A$600/sqm/yr · ≈ $36.2 PSF/yr USD |
| cityClassARentUsd | $43/sqft/yr |
| cityVacancyPct | 18.4% |
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.