Melbourne commercial property news – November / December 2025

Melbourne’s commercial and industrial property market ended the year with notable resilience, as land take-up remained strong in key corridors and developer confidence returned with vigour across the north and west. The state government’s continued investment in infrastructure, paired with interest rate cuts, has helped re-energise both investor sentiment and occupier demand.

Growth corridors continue to outperform expectations

Melbourne’s north and west continue to lead industrial expansion, supported by a mix of institutional capital, logistics demand and government rezoning efforts. Many estates that launched in 2023–2024 are now delivering Stage 2 and Stage 3 developments ahead of schedule due to strong pre-commitments.

• Epping and Campbellfield recorded strong land take-up from transport and warehousing firms.

• Truganina and Tarneit saw several 10,000–20,000sqm pre-leases finalised before practical completion.

• Somerton and Craigieburn remain key targets for cold storage and FMCG logistics.

• Melton and Rockbank now feature prominently on institutional acquisition radars as the next wave of affordable industrial land.

Demand drivers and tenant activity

Strong net absorption has been a defining feature of Melbourne’s 2025 industrial market. While speculative builds slowed in mid-year, there’s been a resurgence in late Q4 activity, particularly in strata and SME-style warehousing.

• Retail logistics and same-day delivery providers continue to expand footprints.

• Owner-occupier activity remains strong in small-to-mid unit formats under 1,000sqm.

• Design & construct demand is rising, especially for food processing, storage and freight services.

• Melbourne Airport precinct developments continue to attract both local and international logistics groups.

New land releases and development focus

Local councils and developers have advanced several new land releases and approvals to meet ongoing demand into 2026. These new industrial areas are poised to define Melbourne’s growth corridors over the next decade.

• New stages released at Melbourne Business Park (Truganina), already attracting national tenants.

• Merrifield Business Park (Mickleham) announced expansion plans with enhanced freight access.

• A new 120-hectare industrial subdivision has launched near Bacchus Marsh Road in Lara, positioning for Geelong spillover.

• Rockbank North precinct endorsed for industrial rezoning, with developers now acquiring early sites.

Bought / Sold

80 Scanlon Drive, Epping – $11.2 million sale
A logistics warehouse with direct arterial access was acquired by an interstate fund targeting VIC expansion.

21 Logistics Drive, Truganina – $7.8 million lease pre-commitment
A purpose-built warehouse was leased by a 3PL operator before slab pour, highlighting strength in pre-leasing.

39 Banfield Court, Truganina – $4.5 million sale
A small-format freestanding warehouse was purchased by a cold chain logistics company for last-mile use.

How Commercial Property Marketing can help

At Commercial Property Marketing, we help developers and agents stay ahead of the market with full-stack marketing tools that attract investors and secure leasing outcomes. From 3D renders and IMs to interactive maps, branded brochures and campaign rollouts — we ensure your asset is presented with clarity, confidence and impact.