LEVEL 5/8 Market Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

LEVEL 5/8 Market Street
Melbourne VIC 3000

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 275m2
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Property Details for Level 5/8 Market St, Melbourne

Building Type
Commercial
Land Size
275m2
Local Government
Melbourne
Lot/Plan
1/TP346309

Last Listing description (April 2026)

Located in the heart of the CBDs west end precinct across the road from Collins Arch, large outdoor park and all the retail, food & beverage amenity, the fully refurbished Reed House is the perfect office solution.Reed House provides ample amenity including End of Trip facilities, bike storage, lockers and basement carparking options. The offices enjoys views over the Yarra River and is walking distance to Flinders Street and Southern Cross Stations with a tram stop out front as well as trams along Collins Street and Flinders Street.Availability includes a high quality turn key speculative suite on the full floor of Level 5, featuring: - 18 x sit to stand workstations- Boardroom- Private office- Meeting room- Large Kitchen Breakout For further information please contact the JLL Office Leasing team.

Property History for Level 5/8 Market St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Listed for Rent
$45k/w
27 Sep 2023
  • 16 Apr 2026
    Listed for Rent $45,000 / year
  • 27 Sep 2023
    Listed for Rent - Price not available
  • 27 Jan 2022
    Listed for Rent - Price not available
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 64,270 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:

  • The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
  • Houses have a median rent of $700 while Units have a median rent of $672.
There are currently 275 properties listed for sale, and 163 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2687 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.