Knight Frank Australia

This is Melbourne

Our latest research report 'This is Melbourne' deep‑dives into the city’s commercial landscape.

Melbourne is Australia’s leading city for growth & opportunity. Backed by data. Built for the future.

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This is Melbourne

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Melbourne is poised for growth across all sectors...

Office

Melbourne has always led on office affordability. Among Australia’s three major CBD office markets, Melbourne continues to provide the most competitive rental levels.

Industrial

Melbourne has the busiest ports. Over FY25 the Port of Melbourne moved approximately 3,000,000 million twenty-foot-equivalent containers.

Retail

Underpinned by a series of new high-quality developments and near record low vacancy, Melbourne's retail market is thriving.

Unlocking

innovation & growth

Data Centres

Australia has the second largest data centre market in the APAC region, with Melbourne expected to underpin majority of growth.

PBSA

Growing presence of international students in Victoria will continue to support growth in Melbourne’s PBSA market.

Melbourne is the city to be in.....

4th most liveable city

Melbourne continues to assert itself as the most liveable city in Australia, jointly boasting the greatest number of appearances in the top 10 global liveability index of any city in the world.

Entertainment hub

Melbourne is a global leader in major entertainment with the

Grand Prix, Australian Open, Melbourne Cup, National Art Gallery, AFL, Boxing Day Test,

and much more.

Most educated state

Home to 422,000+ higher‑education students and the top 2 universities in the country, a major driver of talent, innovation and PBSA demand.

Meet our Victorian team

Dr Tony McGough
Partner,

Head of Research
& Consulting

Dominic Long
Partner,

Managing Director

Chas Keogh
Partner,

CBD Office Leasing

Simon Hale

Partner,

CBD Office Leasing

Trent Preece
Partner,

Capital Markets

Tom Ryan
Partner,

Investment Sales

Jenna Wallace
Partner,

Global Portfolio Solutions

Joel Davy
Partner,

Head of Industrial Logistics

Lisa Mahya
Partner,

Workplace Solutions

Lisa Atkins
Partner,

Asset Management Services, National

Craig Carr
Director, Tenant Representation

Michael Di Carlo
Director,

CBD Retail Leasing

Knight Frank Australia acknowledges the Traditional Owners of the land where we work and live. We pay our respects to Elders past, present and emerging. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.

Important Notice

© Knight Frank Australia Pty Ltd 2026 – This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank Australia Pty Ltd for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank Australia Pty Ltd in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank Australia Pty Ltd to the form and content within which it appears.