Insights H1 2026 | 37 Tim Furlan of Commercial Brunswick says that after a reasonable 2025, it’s been a sluggish start to the new year, a situation exacerbated by the Reserve Bank’s decision to hike interest rates in early February. “We’re hopeful that if interest rates don’t move much further north, buyers and tenants will have the confidence to make a move. That said, government spending has overreached the runway, and it won’t be able to fix this situation in a hurry.” Industrial sales and leasing remain the brightest spot in Melbourne’s inner-city markets, ahead of retail and then office. “In the office markets, there are more opportunities to lease space, but owners will need to offer incentives to get many deals across the line,” Tim says. Tim Frlan tim.frlan@brunswick.rh.com.au Brunswick Office Industrial Retail Rents p/m² Vacancy Yields Rates p/m² Six-month market outlook For more information, contact: Office Industrial Retail Rents p/m² $200 -$300 $110-$130 $350 -$450 Vacancy 15-20% 10-15% 12-20% Yields 5-6% 5-6% 5-6% Rates p/m² $2,000 - $3,000 $2,000 - $3,000 $5,000 -$7,000 Current market conditions $680,000 3/78 Willandra Drive, Epping Recent Notable Transactions SOLD $1,775,000 101a & 101b Sydney Road, Brunswick SOLD
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