Rental, Hiring and Real Estate Services

In 2018, 493 establishments (businesses and organisations) in the Rental, Hiring and Real Estate Services sector provided 8,631 jobs. The sector has total output worth $15.2 Billion and contributes $5.96 Billion in Gross Local Product to the City of Melbourne economy.

Number of Jobs ( 2002 - 2018)

The graph below shows the change in the number of jobs in the Rental, Hiring and Real Estate Services sector between 2002 and 2018.


Industry Sub-Sectors

The table below provides detail of the sub-sectors within the Rental, Hiring and Real Estate Services sector in the City of Melbourne.

Description Jobs Establishments Output ($ billion) GLP ($ billion)
Rental and Hiring Services (except Real Estate) 465 59 0.635 0.25
Property Operators and Real Estate Services 8,166 434 14.525 5.708
Total 8,631 493 15.16 5.958


Contribution to the local economy

The Rental, Hiring and Real Estate Services sector accounts for 1.8% of the City of Melbourne's total employment.

The Rental, Hiring and Real Estate Services sector accounts for 5.94% of the City of Melbourne's Gross Local Product (GLP).

Workforce Profile

The graph below details the composition of those employed in the Rental, Hiring and Real Estate Services sector in the City of Melbourne. The graph describes the proportion of employees that can be considered as part-time, full-time, casual and contractors.


Floor Space

The graph below details the total floor space occupied by the Rental, Hiring and Real Estate Services sector in the City of Melbourne between 2002 and 2018 (in square metres). The figures provide an alternative measure of growth or decline in the sector. The figures are also relevant for understanding how this industry is impacting on then local commerical property market.