Most listings are in the $10's per square foot per year. The Melbourne region is experiencing a decline in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 39% decline in rent.
In the last 90 days, 572 listings have been posted online, so you'll want to check back regularly for new listings. About 14% of the office spaces in the Melbourne are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, 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 buildings in this area are around 1 stories. Most buildings in this area were built in 1986 and are Class A.
Real time and historical data on commercial real estate listings in Melbourne.
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