Leading the way in offices

It’s not just the residential population that is growing quickly in Southbank, according to a new report.

A Savills report released last month showed that office space is also on the upward curve.

The report highlighted Southbank and Docklands together had outpaced the CBD for new office space, over the last decade.

The statistics showed 560,000 sqm of office space was added to the CBD over the last 10 years, compared with 572,000 sqm added in the combined space of Southbank and Docklands.

The research also foreshadowed that Southbank would continue to outgrow the CBD into the future, simply because there was more space to grow. 

Director of research at Savills Glenn Lampard said the combination of Southbank and Docklands had allowed the Melbourne city to expand and evolve.

“Southbank and Docklands have not simply been about adding space to expand the CBD offering, but have provided the opportunity for what some may interpret as a cultural revolution in the delivery of office space to the Melbourne market,” Mr Lampard said.