Melbourne Commercial Property News

Melbourne commercial property news, commercial real estate market data, business news and insights.

Melbourne’s Celtic Club site development forges ahead
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Melbourne’s Celtic Club site development forges ahead
Malaysian developer Beulah International is pushing ahead with its luxury apartment tower in the Melbourne CBD, winning $100 million in financing for the project.
Bourke St Mall icon sells after 60-plus years
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Bourke St Mall icon sells after 60-plus years
A Bourke Street Mall building has fetched well above $40 million in its first sale in more than 60 years.
Australia’s first Kmart to sell as part of $200m Burwood One offering
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Australia’s first Kmart to sell as part of $200m Burwood One offering
Burwood One shopping centre could fetch up to $200 million when its family owners hand over the keys for the first time in 26 years.
Chapel Street struggles despite hot retail strip market
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Chapel Street struggles despite hot retail strip market
Melbourne’s iconic Chapel St retail strip is continuing to struggle, with almost one in five shops now vacant despite a citywide boom in retail strip leasing. New research in commercial agency Fitzroys’ Walk The Strip …
Famous and historic Melbourne buildings open their doors
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Famous and historic Melbourne buildings open their doors
Did you know Melbourne Central has secret rooftops? Or that you can access a series of historic former shops that lie hidden behind a series of bricked-up vaults along St Kilda’s Esplanade? The surprises are …
Myer family to sell VicRoads office in Burwood East
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Myer family to sell VicRoads office in Burwood East
The Myer family is set to offload another Melbourne office block, taking advantage of soaring prices in the city and demand from local and offshore buyers.
Fisherman’s Bend’s first hotel gets green light
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Fisherman’s Bend’s first hotel gets green light
A 40-storey tower that will house Fishermans Bend’s first hotel has been given the green light, as dozens of other projects in the area remain on hold.
Cremorne touted as Victoria’s ‘Silicon Valley’
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Cremorne touted as Victoria’s ‘Silicon Valley’
Major technology firms and edgy start-ups are flocking to Richmond and Cremorne as companies hunt for creative locations outside of Melbourne’s CBD.
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Office rents soar in Sydney and Melbourne
Plunging office vacancy rates are sending rents soaring in Sydney and Melbourne, with double-digit increases recorded in 2017-18.
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