Melbourne Figures Q3 2026

Industrial take-up was c.300,000 sqm in Q3, led by the North precinct. The quarter saw Industrial investment sales of $700m across 31 assets and yields were steady, albeit we’re forecasting slight softening in 2027. In office, leasing enquiry volumes slowed during the quarter and transaction activity remained subdued. Prime CBD office yields expanded by 11bps in Q3. In Retail, $931m transacted during the quarter at stable yields. Retail supply is expected to be c.325,200 sqm over 2026-27, weighted to Neighbourhood and Large Format centres. In Residential, apartment values were down 2.2% q-o-q. CBRE are forecasting +4.9% pa rent growth to 2031 supported by a pipeline of just 7,500 units per annum, 45% below previous decade.