Property Forecasting > Report

Melbourne Commercial Property Prospects 2019-2029

Latest data updates for Melbourne office market indicators confirm the continued strength of both leasing and investment markets. Indeed, workforce growth is coming in more strongly than expected, but an offsetting lack of suitable space options is restricting occupier take-up, resulting in little change to our vacancy rate forecasts. A flatter 10-year bond rate outlook than previously anticipated translates to a likely lesser softening in office investment yields through the mid to late 2020s, boosting returns. Overall, our forecasts continue to indicate strong further gains in rents and values before an expected market peak in 2024.

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