Offices Commercial Assets for Sale in Melbourne Cbd, Victoria

If you are looking for an office for sale in Melbourne CBD, CommercialReady has a range of offices for sale in the iconic city of Melbourne to choose from.

Why Choose to Buy Melbourne Office Space?

In a post-COVID-19 economy, the overall Australian labour market is on a path to recovery and record employment numbers. When there is potential for employment growth, this trend often correlates with increase in demand for office space for sale in Melbourne.

According to the head of research from Dexus, Peter Studley, expects that these positive business conditions will benefit the leasing market. While low interest rates will help increase investment demand and capital flow for real estate.

Demand for office space for sale in Melbourne CBD

Melbourne, a city filled with exciting cafes, bars and events throughout the year, has just exited one of the longest lockdowns in the world.

Everything that made Melbourne one of the most liveable cities in the world was suddenly at a standstill.

However, after two long years, the city of Melbourne is now on a path to recovery. Since the lockdown was lifted in the city of Melbourne, life has started slowly pouring back into the city.

According to the Property Council of Australia, there are positive signs and an increased demand for office space for sale in Melbourne CBD in a rapidly recovering economy.

The report states that over 45,560sqm of office space for sale in Melbourne has recently been leased, which exceeded Melbourne’s historical record. It signifies that despite the many lockdowns the city of Melbourne had endured, there is confidence in the office sector.

The reason this is significant is because, for the first six months of the turnaround, the city of Melbourne only had negative demand. However, the latest report from the Property Council of Australia has shown that the demand for offices for sale in Melbourne is high, only falling behind Perth.

Confidence & growth in the sector

The Victorian Executive Director of Property Council of Australia, Danni Hunter, says that the confidence in the office sector and business is welcomed, which is shown in the increased demand for office spaces for sale in Melbourne CBD.

Office vacancies in Melbourne CBD remain high, in part because there is an additional supply of 185,332sqm of new office spaces. But it does not stop there, there will be a total of 95,766sqm of new office spaces coming on the market by 2022.

In short, more office space is to be expected in the future, with 174,225sqm in 2023 and 93,000sqm in 2024.

Melbourne’s CBD subleases vacancy rate increased to 130,000 square metres, more than double that of any other city in the country.

The future of office spaces in Melbourne CBD

As workers began to return to their offices in Melbourne CBD, real estate has begun to bounce back as demand for properties resumes.

Traditionally, many businesses would be looking for several amenities that the office offers – a gym, lounge area, shared kitchen, and a spacious meeting room.

However, after witnessing the impacts of the pandemic, businesses and corporations are also concerned with the health and safety of their employees. Having features like touchless technology, good air quality, and increased space is more desired than ever before.

Businesses are attempting to accommodate and reconfigure their office space for social distancing. At the same time, others are setting up collaboration spaces, quiet working areas, and Zoom rooms.

After working from home for most of the past two years, many businesses and corporations are including a dual work-from-home model in their offices.

This hybrid model will allow people to work from home but also use the office space to attend group meetings, socialise, and host events.