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COMMERCIAL REAL ESTATE NEWS, TRENDS AND INSIGHTS
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26YEARS
$
OF PROPERTY INSIGHTS
10,000
+
LOCAL INVESTORS REACHED

Office Property Update

By | 20/09/2022

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  • Rates typically around $300/sqm net plus car parking, but ranging up to $460/sqm for premium space
  • Lease terms typically 3 years up to 5 years plus Options
  • The urban office leasing market has seen a recent uptick from businesses returning to working from the office. Whilst downsizing in terms of space is a common trend, many businesses are opting for higher-end, premium spaces in order to encourage their staff to return to the office.

Inner Eastern Lease Results

322 Glenferrie Road, Malvern
544sqm | $320/sqm

21 Shierlaw Ave, Canterbury
513sqm | $310/sqm

1.03/ 1 Crescent Rd, Glen Iris
112sqm | $420/sqm

266 Auburn Rd, Hawthorn
467sqm | $360/sqm

CBD/ City Fringe Lease Results

18-62 Trenerry Crescent, Abbotsford
1,024sqm | $320/sqm

104/ 620 St Kilda Road, Melbourne
37sqm | $324/sqm

106/ 91-95 Murphy Street, Richmond
104sqm | $385/sqm

904/ 488 Bourke Street, Melbourne
65sqm | $462/sqm

Outer Eastern Lease Results

2/ 27 Ringwood Street, Ringwood
153sqm | $356/sqm

9-11 Station Street, Mitcham
156sqm | $280/sqm

152-156 Yarra Street, Warrandyte
211sqm | $209/sqm

49/ 125 Highbury Road, Burwood
45sqm | $400/sqm gross

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Will Kelly

Written by Will Kelly

Sales & Leasing Consultant

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