Melbourne (CBD)

The Melbourne Central Business District (CBD) is the core of Victoria’s economy. In 2015, just over 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 25% between 2002 and 2015 and floorspace by a little over 12%, with average establishment size staying more or less the same.'

Headline Statistics

225,418

Local Jobs

9451

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 2018.

The chart below shows the change in floor space (both occupied and unoccupied) in Melbourne (CBD) between 2002 and 2018.

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 185,467
Educational/ Research 494,064
Accommodation 3,105,056
Entertainment/ Recreation 436,871
Storage/Wholesale 123,905
Manufacturing 22,609
Hospital/ Clinic 30,462
Retail 913,023
Parking 1,736,806
Transport 15,280
Open space 490,251
Community use 33,076
Public display areas 28,736
Office 4,583,180
Equipment installation 284,795

The table below provides detail regarding the quantity of floor space by year ( 2002- 2018) in Melbourne (CBD).

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Year Floor Space (Sqm)
2002 9,395,300
2004 9,822,463
2006 10,515,655
2008 10,772,166
2010 10,903,700
2012 10,930,948
2014 11,420,553
2016 12,056,019
2018 12,483,570
Industries by Employment ( 2018)
The graph below shows the industries located in Melbourne (CBD), ordered by the number of jobs in each industry at 2018.
Change in Local Jobs (2002 to 2018)
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 2018
Other Services 4896 4646 4611 4969 4876 5162 5363 6597 7040
Arts and Recreation Services 1384 1395 1987 2002 2265 2795 3242 3252 3386
Health Care and Social Assistance 2014 2093 2312 3308 3559 4041 3727 3785 4265
Education and Training 5344 6257 9455 11716 10653 9490 10400 11201 10736
Public Administration and Safety 18522 19592 23124 23605 24073 26343 24881 22029 21914
Administrative and Support Services 7040 7312 8536 11013 9876 11167 10375 9841 9862
Professional, Scientific and Technical Services 37596 35820 36793 45086 47371 47956 47997 50077 51442
Rental, Hiring and Real Estate Services 1703 1723 1972 2241 2689 2868 3058 3404 5788
Financial and Insurance Services 37654 39649 40954 41291 41557 41360 34833 36085 35222
Information Media and Telecommunications 18244 17063 19332 23659 25957 20835 19303 20015 16620
Transport, Postal and Warehousing 6665 6030 5675 6057 5583 6053 5497 6458 6153
Accommodation and Food Services 13577 14816 17102 18082 19300 20384 21865 23542 24915
Retail Trade 12580 13531 14462 15328 13100 12157 12711 13173 13752
Wholesale Trade 1415 1535 1318 1106 1463 1493 940 884 804
Construction 950 1458 1725 1814 1882 1819 2189 1961 2533
Electricity, Gas, Water and Waste Services 2127 3073 2455 4381 5370 4400 6915 7249 8664
Manufacturing 1468 1226 1544 1756 1749 1772 1065 1142 1172
Mining 2668 1696 2012 2474 2310 1419 1079 956 1075
Agriculture, Forestry and Fishing 69 90 100 131 39 38 61 30 75

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 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