Market statistics
Insight
Melbourne Industrial Market Dynamics Q2 2025
- Melbourne’s headline vacancy increased by 1.2 ppts to 4.67%. The South East precinct remains the lowest vacancy on Australia’s Eastern Seaboard at 2.14%
- While completion levels remain high, there is a high proportion of stock that has not been absorbed within the market, with 68.2% of completions this quarter unleased upon completion.
- Slowing occupier demand and elevated speculative supply over the past 18 months has led to subdued rental growth across all precincts and elevated incentive levels.