Fitzroys Market Report - Melbourne CBD

Flinders Lane

Elizabeth Street - Spring Street

Includes: Degraves St, Centre Pl, Scott Al, Manchester Ln, Hosier Ln, Oliver Ln, George Pde

13.3%

The eastern half of Flinders Lane, from Elizabeth Street to Spring Street, is dominated by a bevy of well-credentialled, popular, buzzing restaurants and bars such as Chris Lucas’s Chin Chin and Andrew McConnell’s Supernormal and Gimlet at Cavendish House, as well as Garden State Hotel; Gimlet will be opening up a new cocktail bar just a few doors down soon. Towards Elizabeth Street is an edgy fashion-dominated offering as well as Melbourne’s archetypal café-dominated laneways Degraves Street and Centre Place, which attract a high number of visitors from across Melbourne, Australia and internationally.

Flinders Lane

Flinders Street

Elizabeth St – Russell St

5.4%

Flinders Street between Elizabeth and Russell streets spans Melbourne icons Flinders Street train station and Federation Square. The stretch attracts pedestrian traffic at all hours, from visitors, workers and tourists arriving coming to from the city via Flinders Street station through both the Elizabeth Street and Swanston Street entrances, the multitude of tram lines running past. It also includes famous hotel Young and Jackson and is bookended at its east by The Forum, which regularly hosts national and international musicians and acts. Vacancies are consistently low, and are currently at just 5.4%.

La Trobe Street

Elizabeth St – Russell St

9.1%

The northern precinct of Melbourne’s CBD is heavily influenced by the presence of university students, in particular the international students that both study and live in the immediate area, and is dominated by eateries offering Chinese, Indian, Korean, Thai, Japanese and other fare. The gradual return of international students since early 2022 is seeing activity in this part of the city pick back up across all hours and the prime section vacancy is at a relatively low 9.1%.