---
title: "Southbank vs other Melbourne submarkets"
description: "How Southbank compares to other Melbourne Class A submarkets on rent, tier, and tenant profile."
canonical: https://classa.info/cities/melbourne/southbank/topics/vs-other-submarkets
pageType: nb-topic
lastUpdated: 2026-04-15T00:00:00.000Z
license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)."
---

> Southbank (prime, ~A$750/sqm/yr · ≈ $45.3 PSF/yr USD) is one of 5 Melbourne Class A submarkets we track.

## TL;DR

- Southbank sits at prime tier.
- Average rent A$750/sqm/yr · ≈ $45.3 PSF/yr USD vs city average 720.
- Compared submarkets: CBD East (Collins Street) (trophy), CBD West (Spencer Street) (trophy), Docklands (prime).

# Southbank vs other Melbourne submarkets

**Southbank (prime, ~A$750/sqm/yr · ≈ $45.3 PSF/yr USD) is one of 5 Melbourne [Class A](/glossary/class-a) submarkets we track.**

## TL;DR

- Southbank sits at prime tier.
- Average rent A$750/sqm/yr · ≈ $45.3 PSF/yr USD vs city average 720.
- Compared submarkets: CBD East (Collins Street) (trophy), CBD West (Spencer Street) (trophy), Docklands (prime).

## Side-by-side with peers

**CBD East (Collins Street)** (trophy, A$880/sqm/yr · ≈ $53.1 PSF/yr USD) — Trophy financial and legal spine.

**CBD West (Spencer Street)** (trophy, A$800/sqm/yr · ≈ $48.3 PSF/yr USD) — Established trophy with rail anchor.

**Docklands** (prime, A$700/sqm/yr · ≈ $42.3 PSF/yr USD) — Trophy waterfront [expansion](/topics/cross-border-expansion).

**Parkville & CBD North** (prime, A$600/sqm/yr · ≈ $36.2 PSF/yr USD) — Life sciences and university adjacency.

## Key facts

| city | Melbourne|
| submarket | Southbank|
| tier | prime|
| averageRentLocal | A$750/sqm/yr · ≈ $45.3 PSF/yr USD|
| cityClassARentUsd | $43/sqft/yr|
| cityVacancyPct | 18.4%|

## Frequently asked questions

****What other submarkets compete with Southbank in Melbourne?****
: CBD East (Collins Street), CBD West (Spencer Street), Docklands

## Related

- [**Southbank — submarket overview**](/cities/melbourne/southbank)
- [**Melbourne — full city profile**](/cities/melbourne)
- [**Melbourne submarkets — all**](/cities/melbourne/neighborhoods-overview)
- [**Southbank — Rents**](/cities/melbourne/southbank/topics/rents-and-availability)
- [**Southbank — Tenants**](/cities/melbourne/southbank/topics/tenant-profile)
- [**Southbank — Transit**](/cities/melbourne/southbank/topics/transit-and-commute)
- [**Southbank — Amenity**](/cities/melbourne/southbank/topics/amenity-and-lifestyle)

## Editorial provenance

Reviewed by [**Kenji Watanabe**](/about/authors/kenji-watanabe) — APAC contributing editor. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards).

### Primary sources for this page

- [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE
- [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL
- [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield
- [Savills World Research](https://www.savills.com/research_articles/) — Savills
- [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers

[Full sources index](/about/sources) · [Submit a correction](/about/corrections)

## Related topics

- [**Class A Lease Negotiation**](/topics/class-a-lease-negotiation) — How to negotiate a Class A office lease — the playbook from LOI to signed deal.
- [**Hybrid Workplace Strategy**](/topics/hybrid-workplace-strategy) — How to size, structure, and lease a Class A office for a hybrid workforce.
- [**ESG / LEED for Tenants**](/topics/esg-leed-tenants) — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease.
- [**Cross-border Expansion**](/topics/cross-border-expansion) — How to run a coordinated Class A office search across multiple geographies.
- [**Fit-out Capex**](/topics/fit-out-capex) — How to budget, sequence, and govern Class A office [fit-out](/topics/fit-out-capex)">fit-out capex.
- [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, [managed office](/glossary/managed-office)) beats a conventional Class A lease — and vice versa.

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Citation: Source: Class A Atlas (https://classa.info/cities/melbourne/southbank/topics/vs-other-submarkets), updated 2026-04-15T00:00:00.000Z.