Forrest ACT 2603, Australia
Based on curated rent estimate.
Confidence ratings show how closely the estimate matches the comparable property data we currently have.
There is a stronger pool of recent, relevant comparison data and the subject property lines up closely with those comparable properties.
There is a reasonable amount of comparison data, but the closest matches may vary more in type, size, timing or location.
There are fewer recent comparable properties available, or the known examples are less similar to the subject property.
These figures are estimates and broad indications only. They are generated from recorded property attributes and available third-party market data, without a physical inspection of the property.
They are not a professional valuation, appraisal, legal opinion or financial recommendation. No person should rely on them as the sole basis for a purchase, sale, lease, lending or investment decision.
Yardize does not guarantee the accuracy or completeness of any rent estimate, value estimate, range or confidence score, and no legal claim can be made against us for reliance on this information.
Based on the comparable property evidence currently available.
The property sits on a 4,463 m² land parcel. This provides ample space for a range of commercial uses
Forrest is the second most socio‑economic advantaged suburb in Australia, with 42.5 % of residents employed as professionals and a median personal income of $1,816 per week. The concentration of senior public servants and high‑earning households creates a strong client base for consulting, legal, and other professional services
Within 0.5 km of the site are several hotels, Rydges Canberra (0.2 km), Burbury Hotel, Little National Hotel, and Hotel Realm, providing steady visitor traffic. Nearby churches, the Forrest Fire Station Precinct, and the Manuka shopping centre also generate footfall that can support cafés, restaurants, or event spaces
Forrest’s streets follow the original Canberra plan and feature many circular and geometric patterns, which can be confusing to navigate. Planning for clear signage and ample turning space is advisable to ensure easy access for clients and deliveries
The property lies within the Forrest Housing Precinct, an area subject to conservation measures to preserve its Garden City character and historic streetscape. Any development will need to comply with heritage guidelines governing the precinct
The 2021 census shows Forrest’s population is highly educated, with 42.5 % professionals and a median weekly family income of $4,532, well above the national average. This affluent, professional demographic supports premium retail, boutique services, and high‑value business offerings
Within roughly 0.6 km are the Australia Awards office, the National Press Club, and the Canberra Parliament House precinct, providing opportunities for B2B services, networking events, and contracts with public‑sector clients
Part of the Manuka shopping centre lies within Forrest, offering immediate access to retail, dining, and service businesses. This proximity adds convenience for both employees and customers
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