Melbourne CBD office assets trade 45% below peak values, Cushman & Wakefield says

• Cushman & Wakefield expects Melbourne commercial property investment to become increasingly selective, favoring secure-income assets over properties with unresolved risks.
• Recent CBD office transactions reflected discounts of approximately 45% to 2021–2022 peak values; fringe offices traded around 49% below peak values.
• CBD office vacancy stands at 18.9%, with half of vacant space concentrated in just 8% of buildings.
• More than $2 billion in offshore capital is targeting Australian real estate over the next 12–24 months.
• Victoria’s 4% Absentee Owner Surcharge on commercial property remains an investment consideration; potential reductions could support transaction activity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cushman & Wakefield Ltd. published the original content used to generate this news brief on November 11, 2026, and is solely responsible for the information contained therein.