Melbourne (CBD)

The Melbourne Central Business District (CBD) is the core of Victoria's economy. In 2016, just under half of all of the jobs in the City were located in the CBD. While its share of total employment has declined since 2002, its share of all of the City's establishments increased over the same period. Today skilled services and smaller establishments (as measured by number of employees) dominate the employment landscape in the CBD and over one in ten professional, scientific and technical jobs in Victoria are based there. Total employment grew by some 26% between 2002 and 2016 and floorspace by a little over 12%, with average establishment size staying more or less the same.

Headline Statistics

220,795

Local Jobs

9294

Establishments

$450

Median Rental Price

Combined data for Melbourne (CBD)-Melbourne (Remainder). Source: Department of Human Services, Victoria (DHS).

Floor Space in Melbourne (CBD)

The pie chart below provides a breakdown of floor space (both occupied and unoccupied) in Melbourne (CBD) at 2016.

The chart below shows the change in floor space (both occupied and unoccupied) in Melbourne (CBD) between 2002 and 2016.

Detailed Data Tables

The table below provides further detail regarding the mix of floor space in Melbourne (CBD).

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Category Floor Space (Sqm)
Performances, Conferences, Ceremonies 188,266
Educational/ Research 483,015
Accommodation 2,639,003
Entertainment/ Recreation 426,439
Storage/Wholesale 128,298
Manufacturing 25,373
Hospital/ Clinic 32,078
Retail 907,319
Parking 1,756,757
Transport 15,280
Open space 462,059
Community use 30,403
Public display areas 28,736
Office 4,645,156
Equipment installation 275,518

The table below provides detail regarding the quantity of floor space by year ( 2002- 2016) in Melbourne (CBD).

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Year Floor Space (Sqm)
2002 5,660,150
2004 5,880,558
2006 6,265,319
2008 6,449,472
2010 6,429,324
2012 6,356,922
2014 6,237,200
2016 6,349,741
Industries by Employment ( 2016)
The graph below shows the industries located in Melbourne (CBD), ordered by the number of jobs in each industry at 2016.
Change in Local Jobs (2002 to 2016)
The graph below details the number of employees in Melbourne (CBD) over time. The graph provides an insight into how industry has grown or declined in the local area over the last decade.
Detailed Data Table

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Industry Name 2002 2004 2006 2008 2010 2012 2014 2016
Other Services 4896 4646 4615 4976 4878 5165 5366 6614
Arts and Recreation Services 1384 1395 1987 2002 2265 2795 3242 3252
Health Care and Social Assistance 2014 2093 2312 3319 3582 4064 3740 3797
Education and Training 5344 6257 9455 11716 10653 9459 10374 11160
Public Administration and Safety 18522 19592 23124 23608 24076 26348 25390 22944
Administrative and Support Services 7080 7389 8604 11093 9957 11223 9951 9357
Professional, Scientific and Technical Services 37545 35712 36686 44939 47232 47844 47889 49962
Rental, Hiring and Real Estate Services 1679 1712 1969 2238 2670 2888 3052 3457
Financial and Insurance Services 37654 39649 40954 41291 41557 41360 34819 35677
Information Media and Telecommunications 18244 17063 19332 23659 25957 20835 19303 20015
Transport, Postal and Warehousing 6670 6039 5684 6066 5592 6058 5520 5591
Accommodation and Food Services 13577 14816 17102 18082 19300 20384 21865 23542
Retail Trade 12580 13531 14462 15328 13100 12157 12711 13189
Wholesale Trade 1415 1535 1318 1106 1463 1493 940 890
Construction 974 1478 1745 1842 1910 1838 2207 1979
Electricity, Gas, Water and Waste Services 2127 3073 2455 4381 5370 4400 6915 7249
Manufacturing 1474 1239 1553 1768 1761 1784 1077 1134
Mining 2668 1696 2012 2474 2310 1419 1079 956
Agriculture, Forestry and Fishing 69 90 100 131 39 38 61 30

Melbourne (CBD) Residential Rental Market

Residential Rental Prices (Per Week)

The chart below shows the median rental price for all dwellings in Melbourne (CBD) from June 2009.

The green band shows the price range of the middle 50% of rental properties in the area (also referred to as the interquartile range of rental prices). It provides an indication of the spread of rental prices in Melbourne (CBD).

Residential Rental Volumes

The chart below shows the number of new leases that commenced in Melbourne (CBD) annually.

Detailed Data Table

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Period Year Median Price Rental Volume (Commencing Leases)
March 2006 305 4005
June 2006 310 4076
September 2006 320 4282
December 2006 320 4616
March 2007 340 4800
June 2007 350 5035
September 2007 350 4944
December 2007 360 4818
March 2008 370 4749
June 2008 380 4778
September 2008 385 4994
December 2008 395 5068
March 2009 400 5020
June 2009 400 4983
September 2009 400 5194
December 2009 400 5277
March 2010 410 5457
June 2010 410 5453
September 2010 420 5503
December 2010 420 5733
March 2011 425 5994
June 2011 430 5957
September 2011 430 5855
December 2011 430 5873
March 2012 440 6098
June 2012 440 6303
September 2012 440 6479
December 2012 450 6572
March 2013 450 6890
June 2013 450 7245
September 2013 440 7564
December 2013 435 7826
March 2014 430 8280
June 2014 435 8390
September 2014 436 8732
December 2014 440 9028
March 2015 440 9810
June 2015 440 9820
September 2015 445 10254
December 2015 449 10265
March 2016 450 9831
June 2016 450 9865
September 2016 450 9888