Commercial Market Update – Melbourne Cityscope April 2021

The latest research from Melbourne Cityscope shows that commercial property sales value has decreased in the past three months. Sales recorded in the quarter ending March 2021 totalled $406.1 million from 63 sales, compared to the $542.1 million from 30 sales recorded in the quarter ending December 2020 and the $943.5 million from 33 sales recorded in the three months ending September 2020.

This data brings the 12-month total to $2.728 billion from 165 sales, a decrease from the previous 12-month total of $4.558 billion from 227 sales.

The table below shows sales recorded for the past eight updates of Melbourne Cityscope.

The most notable sales recorded for the March 2021 update of Melbourne Cityscope…

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