Industrial Space for lease in Melbourne

How much does it cost to rent an industrial space in Melbourne?

The cost of renting industrial space in Melbourne varies significantly depending on factors such as location, size, and specific property features. Generally, industrial spaces in prime locations such as Port Melbourne or Docklands may command higher rental rates due to their proximity to the central business district and major transport links. Conversely, areas like Laverton North or Dandenong South might offer more competitive pricing while still providing excellent connectivity and facilities. It's important for businesses to assess their specific needs and budget to find the most suitable space.

To read: Our Melbourne MarketBeat Industrial report examines quarterly economic and commercial real estate activities, covering supply, demand, and pricing trends across both market and submarket levels.

Are industrial space rents likely to increase in Melbourne?

Industrial space rents in Melbourne have shown a trend of gradual increase, influenced by factors such as demand, economic growth, and the development of infrastructure. As Melbourne continues to grow as a key economic center, the demand for industrial spaces is expected to rise, potentially leading to upward pressure on rental prices. Additionally, ongoing investments in transport and logistics infrastructure may further enhance the attractiveness of industrial locations, contributing to rental growth. Businesses should consider these trends when planning their long-term leasing strategies.

Popular suburbs in Melbourne

Melbourne boasts a variety of neighborhoods that are ideal for industrial and warehouse operations:

• Port Melbourne: Known for its proximity to the Port of Melbourne, this area offers excellent access to shipping and logistics services. It is a prime location for businesses involved in import and export activities.
• Footscray: This vibrant neighborhood is well-connected to major transport routes and offers a mix of industrial and commercial spaces. Its diverse community and proximity to the CBD make it a popular choice for businesses.
• Brunswick East & Brunswick West: These neighborhoods offer a blend of industrial and creative spaces, attracting businesses in manufacturing, design, and technology. The area's cultural vibrancy and accessibility are key attractions.
• Richmond: With its close proximity to the CBD and excellent public transport links, Richmond is a sought-after location for businesses seeking industrial spaces with easy access to urban amenities.
• North Melbourne: This area provides a mix of industrial and commercial properties, supported by strong transport links and a thriving local economy. Its proximity to the CBD makes it an attractive option for many businesses.
• Docklands: Known for its modern infrastructure and waterfront location, Docklands offers premium industrial spaces with excellent connectivity to the CBD and major transport hubs.
• Laverton North: This industrial precinct is strategically located near major highways and offers large-scale industrial spaces suitable for logistics and distribution operations.
• Coburg North: With a mix of industrial and commercial properties, Coburg North provides businesses with affordable options and good access to Melbourne's northern suburbs.
• Altona: Located near the coast, Altona offers industrial spaces with excellent access to road and rail networks, making it ideal for manufacturing and distribution businesses.
• Dandenong South: A major industrial hub, Dandenong South offers extensive industrial facilities and excellent connectivity to Melbourne's southeastern suburbs and beyond.

Getting to and from Melbourne

• Air Travel: Melbourne is served by Melbourne Airport, located approximately 23 kilometers northwest of the city center. The airport offers domestic and international flights, making it a key gateway for business travel and freight. It is easily accessible via major highways and public transport options.
• Rail Travel: Melbourne boasts an extensive rail network, providing efficient connectivity within the city and to regional areas. The Southern Cross Station is a major hub for both metropolitan and regional train services, facilitating easy access to industrial areas.
• Road Travel: The city's road network is well-developed, with major highways such as the M1 and M3 providing direct routes to industrial precincts. Melbourne's road infrastructure supports efficient freight and logistics operations, making it ideal for industrial businesses.
• Bus Travel: Melbourne's comprehensive bus network complements the rail system, offering additional connectivity to industrial areas. Buses provide convenient access to locations not directly served by train lines, ensuring flexibility for commuters and businesses.