Melbourne Outgoings Analysis Q4 2024

Outgoings in Melbourne’s office market have seen a significant increase over the last 24-months. This report uncovers the key trends shaping this trend, including the following key themes:

• Location matters: On a building-by-building basis, there is a $150 dollar difference in the highest and lowest paid outgoings in Melbourne’s CBD. Collins street commands a 11% outgoing premium compared to the Melbourne average.
• Premium outgoings: Outgoings in Melbourne’s premium grade buildings are 11% & 33% higher than grade A & B assets on average.
• Significant rise in service costs: Service costs in Melbourne have seen the highest year-on-year growth in Melbourne’s CBD. We attribute this to elevated inflationary pressures.