Business is Booming in Melbourne - Find Your Next Office Location
Is your business expanding? Are you on the hunt for new premises? Be sure to keep Melbourne in mind when planning your office relocation.
Often voted as the world’s most liveable city, Melbourne is considered by many to be the darling of Australia. A city bursting with cutting-edge design, creative cuisine, inspiring culture, and world-class events, Melbourne is one of Australasia’s most desirable cities to live, work, and visit.
Why do Business in Melbourne?
Many of the qualities that make Melbourne a great place to live and work also make it an attractive place to do business. Its extensive public transport network, proximity to the airport, and ease of getting around, are just some of the reasons why Melbourne works, for its people and its businesses.
With a population of 4.5 million and growing, Melbourne represents a sizeable market with significant growth potential. Home of a number of leading Victorian companies, as well as the Australian headquarters of choice for many top global companies, including Boeing, Toyota and BP, Melbourne boasts a thriving economy.
Melbourne’s appeal as a commercial hub has grown significantly over the past decade. There are a number of factors that contribute to Melbourne’s ranking as a top place to do business:
- One of the largest economies in South East Asia.
- Extensive road and rail networks, linked to air and seaports. This world-class infrastructure enables the flow of goods and services.
- Excellent IT/telecommunications infrastructure, bringing the world that much closer.
- Lowest costs on the eastern seaboard - office-leasing prices are cheaper than Sydney and Brisbane.
- Industrial land prices, electricity and gas prices are also the lowest on eastern seaboard
- Easy to recruit talented professionals. Employers have access to a highly skilled and educated pool of talent.
- Melbourne’s high quality of life also makes it easier to retain staff. The city is ranked highly as a place to work.
- Good links to Asia/Pacific - easy to gain access to clients in these areas.
The city of Melbourne is made up of several suburbs each with a distinct set of businesses and industries, and diverse populations.
Each area has varying benefits, depending on the needs of your business, and your ideal location.
Perhaps being centrally located is the priority, or perhaps being located on the fringe of the city with great public transport networks is better suited to your business, your clients, and to your employees. Take a look at what each area has to offer:
Central Business District (CBD)
The central city of Melbourne has the highest concentration of businesses and residents. This is Melbourne’s business and financial centre, and is home to a range of businesses in the retail, financial, legal, administrative, recreational, tourist and entertainment sectors.
- Wide range of industries
- Established public transport network
- Easy access to amenities (banks, supermarkets) as well as restaurants and entertainment
- Access to large pool of skilled talent
- Wider range of office spaces compared to outer suburbs
- High competition for space
- Increase in property cost
- Higher concentration of crime
The Docklands waterfront precinct became part of the city of Melbourne in 2007, and subsequently doubled the central city area. Located west of the city centre, Docklands is the national headquarters for a number of major businesses including the National Australia Bank, ANZ, Myer, AXA, Bendigo Bank, Medibank Private and the Bureau of Meteorology. Docklands
- Close to public transport networks
- Modern infrastructure & facilities
- High number of apartments
- Plenty of events, parks and shopping
- Traffic congestion
- Parking can be difficult, particularly when events are on
Covering North and West Melbourne, as well as Kensington, north precincts are a great mix of industrial, commercial, and retail spaces. There is also a great variety of shopping and dining areas scattered throughout. Close to the city, but far enough away of the worst of the hustle and bustle.
- Close to the city centre
- A wide range of services and businesses
- Just a short tram ride from the city
- Some traffic congestion
- Some undesirable areas
Consisting of Southbank, South Wharf, South Melbourne, the Yarra River and St Kilda Road, the South Precincts is a combination of office spaces and residential areas. Exhibition and convention centres, shops, cafes and restaurants are also located in the South Precincts.
- Plenty of cafes, restaurants and shops nearby
- Home of the Melbourne Convention and Exhibition Centre
- The city centre is still easily accessible
- Can be quite pricey compared to other areas that offer more in terms of facilities, atmosphere and so on.
- The traffic and noise can be unpleasant
- Not so suitable for families
Making the move
If you’ve been won over by Melbourne and are ready to make the move, there are a few key things to consider when looking for your new office space. Make sure you read these four handy tips to help guide you on your search for the perfect space for your business.
Ready to move? Utilise a Trusted Office Removal Service
Found your perfect premises? Get in touch with the team at John Ryan Removals. John Ryan are experts in office relocation in Melbourne, and have extensive knowledge of the Melbourne area, so they can help you every step of the way.
As an internationally recognised removal and relocation company, and with accreditation from the FIDI Accredited International Mover (FAIM) Quality Management Programme, you can rest assured you’re in good hands with John Ryan Removals.