Columns
10 years on Image

10 years on

Issue 22, October – November 2007
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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

Harbour Town is rebranding
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Councillor Profile Image

Councillor Profile

The making of a Lord Mayor
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Docklander Image

Docklander

Melbourne’s history through costumes
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Docklands Secrets Image

Docklands Secrets

Politician disrespects us
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Fashion Image

Fashion

Top five street style trends
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Good News Bill Image

Good News Bill

A journey through the past of Docklands
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Health and Wellbeing Image

Health and Wellbeing

Laughter, the key to working together
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Letters Image

Letters

Begging to differ
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New Businesses Image

New Businesses

Morgan Brooks & Tolhurst Druce Emerson
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Owners Corporation Law Image

Owners Corporation Law

Not all liability policies are created equal
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Pets Corner Image

Pets Corner

The very social Axl
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SkyPad Living Image

SkyPad Living

Activating vertical villages
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We Live Here Image

We Live Here

Short-stays behind property price pain
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Low office vacancy rate

31 Aug 2017

The Property Council’s market report released in August shows Docklands has the lowest office vacancy rate in inner-city Melbourne.

As of July, Docklands’ office vacancy rate was a mere 2.1 per cent, a significant improvement from the 3.3 per cent in January.

The Melbourne CBD’s office vacancy rate remains steady at 6.5 per cent.

Some 101,156sqm of offices have been occupied in Docklands in the 12 months to July, making up 78.8 per cent of the total net absorption in the Melbourne CBD and surrounding suburbs.

Docklands’ office leasing and sales activity is also the most prominent in inner-city Melbourne.

The leasing of 26,500sqm at 839 Collins St to ANZ was the largest area of office space leased in Melbourne this year.

In January, 7100sqm at 664 Collins St was leased to Exxon Mobil and 2800sqm at 737 Bourke St was leased to Symbion.

Pacific Hydro started occupying 2423sqm of office at 700 Collins St in February and National Heart Foundation took 2154sqm at 850 Collins St in June.

Docklands’ low office vacancy rate and recent large-scale commercial leasing deals demonstrate the area’s strong employment growth and economic strength.

Sally Capp, the Property Council’s Victorian executive director, said a consistent stock of A-Grade commercial office spaces remained a top priority for the Melbourne.

“We have research underway into the drivers of the commercial property market and the policies necessary to provide a steady supply of high-quality commercial office space into the future,” Ms Capp said.

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