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Market Insights

Read the latest news about commercial properties in Melbourne and Victoria from CBRE.

29.11.2019

Burke Road shop sells for $4.415m

 A retail site on Burke Road in Camberwell has sold for $4,415,000 at auction.  Featuring a 205sqm building, 769-771 Burke Road was purchased by a South Australian investor following a competitive auction that attracted six bidders and a strong crowd.  The shop is located between the intersection of Burke, Riverside and Camberwell Roads and Camberwell…

28.11.2019

Retail strip for sale on Victoria’s Mornington Peninsula

 An iconic Mornington retail complex is to be offered for sale, introducing to the market a multi-unit retail centre with significant land holding and future development potential on the Mornington Peninsula – Victoria’s most visited tourism region.  Located at 53-55 Barkly Street, the complex commonly known as Barkly Square comprises nine retail units situated on…

20.11.2019

Owner occupiers drive demand in Melbourne’s city fringe market

Owner occupiers are leading the charge in Melbourne’s city fringe office market, having snapped up three buildings in two days for a combined total of close to $7.8 million. CBRE’s Julian White, David Minty and Dylan Kilner negotiated the sales, following significant buyer interest in all three properties.  Property Address Price Buyer  1/617 Spencer Street, West Melbourne  $2,800,000  Owner occupier…

David Jones menswear store officially listed for sale

David Jones has officially listed for sale its iconic menswear flagship at 299 Bourke Street – one of the few major assets to be offered on Melbourne’s Bourke Street Mall in over a decade.  The property, which offers an underlying land holding exceeding 2,200sqm, is expected to attract interest from all corners of the global…

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