Melbourne Market Rents

Written By Peter Ferrier

Although the Melbourne Market Authority (MMA) manages all trading stores and small format warehousing within the Melbourne Market at fixed ‘off the shelf’ rates, it does not mean rents are at market levels.  A leasehold of a trading store transferred for $740,000 in January 2022 which was a right to take over the lease at the MMA standard rate with 5+5 year lease terms, providing evidence that the trading store rents diverged from market levels at that time.

In contrast, a small format warehouse leasehold sold within the Melbourne Market in early 2021 for $20,000, indicating those rents were closer to market levels at that time.

The Melbourne Market is situated upon a 67-hectare site within Epping and has up to 120,000 square metres of warehouse space and 12,500 square metres of trading floor.

If you are seeking valuation advice relating to a leasehold interest within the Melbourne Market, contact Sovereign Valuations on 1300 710 000 or e-mail admin@sovereignvaluations.com.au.

 
 
Peter Ferrier

Peter Ferrier AAPI MRICS SA Fin holds over 15 years’ experience in valuations and is regularly engaged for disputed litigation and compulsory acquisition matters. Peter holds expertise across all major asset classes and development feasibilities, having advised on several projects in excess $100 million.

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