On average, listings lease in the $10's per square foot per year. The Melbourne region is seeing a decline in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 39% decrease in rent.
In the last 90 days, 572 listings have come on the market, so you'll want to check back regularly for new listings. About 14% of the listings in the Melbourne are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,980 sqft. Most properties in this market are close to 1 stories. Most buildings in this region were built in 1986 and are Class A.
Real time and historical data on commercial real estate listings in Melbourne.
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