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10 years on Image

10 years on

August 2008 Issue 34:
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Away from the desk Image

Away from the desk

The little bent tree
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Chamber update Image

Chamber update

Upcoming events in Docklands
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Docklander Image

Docklander

Water views work for local novelist
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Docklands Secrets

Politician disrespects us
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Fashion

Top five street style trends
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Health and Wellbeing

Winning at winter health and fitness
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Letters

Letters to the Editor
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New Businesses Image

New Businesses

NeoLemonade and Melbourne Cellar Door
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Owners Corporation Law Image

Owners Corporation Law

OC discriminated against a disabled owner
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Pets Corner Image

Pets Corner

Sooky Romeo loves the attention
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SkyPad Living Image

SkyPad Living

Vertical democracies
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Street Art Image

Street Art

A reactionary world
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We Live Here Image

We Live Here

One woman’s stand gets results
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What Women Want - With Abby Crawford Image

What Women Want - With Abby Crawford

It’s been an extraordinary month
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Docklands leads in commercial

28 Feb 2018

Docklands leads the Melbourne commercial property success story with the lowest vacancy rate in the CBD.

The latest Property Council survey released last month shows a vacancy rate of just 1.2 per cent in January 2018 – down from the previously impressive rate of 2.1 per cent in July last year.

In the last year, some 18,988sqm of commercial space has been absorbed in Docklands – about a quarter of the 74,829sqm that has been absorbed across Melbourne’s CBD.

The Property Council’s Victoria executive director, Sally Capp, said the overall CBD vacancy rate had improved from 5.9 per cent to 4.6 per cent over the six months to January 2018.

“Melbourne has experienced the largest drop among Australian CBDs and now boasts the equal-lowest vacancy rate amongst all of Australia’s CBDs,” she said.

“The decrease in Melbourne’s office market vacancy rate was fuelled by strong demand and saw a flight to quality, with demand concentrated in the A Grade segment.”

“Over the last six months, 22,142sqm of space was added and 30,964sqm was withdrawn. Across the next three years, Melbourne CBD will supply over 450,000sqm of new stock. Pre-commitments for this future stock sit at over 54 per cent.”

Ms Capp said Melbourne’s future commercial office supply remained a top concern for the Property Council.

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