Re-development Opportunities

Melbourne's North is characterised by numerous well-serviced greenfield sites in the outer parts of the region (the Cities of Hume and Whittlesea), and re-development opportunities, or brown-field sites, located in the inner parts of the region (the Cities of Moreland and Darebin), available for lease or purchase at a relatively lower cost to comparable sites in other like parts of Melbourne and Sydney.

It is one of the least expensive and most desirable places to do business.

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Melbourne's North is undergoing sustained development interest and growth. Of all industrial land sales in Victoria during 2001, the greatest proportion was concentrated in the northern suburbs. Source: LandMark White Industrial Market Forecast Report (2001).

Above - LA Trobe University R&D Park in the City of Darebin

Melbourne's North has the highest proportion of undeveloped industrial land
in Melbourne, 60.3% or 2,232 hectares. Source: LandMark White (2003).

Industrial rents remain comparatively low - prime industrial rents generally range from $50 to $70 sq m net. Source: LandMark White (2003).
The Inner parts of Melbourne's North are particularly characterised by mixed-use and re-development opportunities of industrial sites.