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Are your security valuations keeping pace with Melbourne's shifting office market? Melbourne's CBD office vacancy rate climbed to 19.1% over the second half of 2025, up from 17.8% in the first six months, according to Cushman & Wakefield’s Melbourne CBD Marketbeat. 

But the real story is in the secondary-grade stock, where vacancy sits at 20.5% and net absorption is negative.

That could be a concern for any loan book with exposure to older or lower-grade Melbourne commercial property. Values on secondary assets are under genuine pressure, while the gap between prime and secondary continues to widen.

A valuation from 12 or 24 months ago may no longer reflect what your security is actually worth today.

#propertyvaluations #Melbourneproperty #commercialproperty

Mason's Valuation Office provides independent commercial property valuations across Melbourne, helping lenders stay on top of their security positions in a market that's moving fast. Call us on 0417 741 481 or visit https://propertyvaluation.melbourne/about-us/#contact.