Commercial Market Update – Melbourne Cityscope January 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 December 2020 totalled $541.2 million from 28 sales, compared to the $943.5 million from 33 sales recorded in the quarter ending September 2020 and the $836.3 million from 39 sales recorded in the three months ending June 2020.
This data brings the 12-month total to $2.555 billion from 154 sales, a decrease from the previous 12-month total of $4.930 billion from 225 sales.
The table below shows sales recorded for the past eight updates of Melbourne Cityscope.
The most notable sales recorded for the December 2020 update of Melbourne Cityscope include: