Data gives clues on CBD
By Meg Hill
The latest Census of Land Use and Employment (CLUE) data, released by the City of Melbourne, sheds light on some of the trends in our busy CBD.
CLUE also surveys the areas surrounding the CBD – including Southbank and Docklands. The 2017 data, just released, shows the most growth is occurring in the CBD and Docklands.
There are almost 225,000 jobs in the CBD – reflecting a growth rate of 10.9 per cent in overall employment over the past 10 years.
Out of full-time, casual, part-time and contractor employment, it was only the latter that recorded a decline. Contracted employment declined by 10.4 per cent over the past 10 years.
Full-time, casual, and part-time grew by 10.4 per cent, 11.9 per cent and 26.6 per cent respectively.
But despite the growth shown through the different types of employment, only one of the top three employing industries in the CBD has shown growth over the past 10 years.
Business services has grown by 36.5 per cent, while finance/insurance and public administration/safety declined by 17.7 per cent and 1.7 per cent respectively.
The number of residential apartments has grown steadily since 2006, with a couple of intermittent spikes since 2014. There were over 22,000 residential apartments recorded in 2017, but only 1221 student apartment dwellings recorded.
That’s with probably close to 100,000 students studying in or next to the CBD at RMIT, Victoria University and Melbourne University – not to mention the numerous TAFE-related courses and smaller course providers.
There is only slightly more residential space in the city than there is parking space (1.6 million and 1.5 million square metres respectively), and almost twice as much office space than residential (3.1 million square metres).