Market Insights: Australia's Flexible Office Space Market Report - Q3 2024
Need help with finding the perfect office space or coworking desk for your business? Our Price Guide makes it easy to compare and find deals across Perth, Subiaco & Freemantle.
After reaching a peak of $735 per desk in 2023, the desk rate for flexible office space across Greater Perth fell another 7% in the most recent quarter to $649 per desk.
As a smaller market Perth has been traditionally limited by tight supply with on a handful of the national operators offering space in the city centre. However, after several quarters of declining inventory, the availability of flexible office space increased 13% in Q3 to 4,835 sqm.
With almost half the available flex floor space offered in WA, Perth's CBD has strong supply with rents below the national average. There are considerable-sized blocks of space available and fitted out to a high standard ready as turnkey solutions for companies of any size.
Median Office Space Per Person | £649 |
Median Coworking Desk Rate | £480 |
Flex Floorspace Available (sqm) | 4,835 |
Available Desk Capacity | 862 |
Source Rubberdesk. All prices accurate as of September 30, 2024
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Though slightly higher than WA’s median price, Perth CBD’s $700 per desk rate is still comparable to CBD prices in other major cities, especially for smaller size teams and will go a long way to help companies preserve cash during this challenging business climate. Space for larger teams looking for 16 or more desks is attractively priced at $750 per desk.
Private offices make up the 85% of flexible space rented in Perth. These private offices typically share facilities such as meeting rooms, kitchens, bathrooms but are self-contained and fully serviced.
By sheer count of available offices, the smaller private spaces of fewer than 10 desks account for 82% of all listings, down from 88% in the previous quarter. This is somewhat in response to demand for smaller private spaces by businesses that are looking for safe places for their employees to work away from HQ or home. Yet larger spaces with 16 plus desks are also available and used by corporates and government bodies typically in need of swing space, project space or just more space to allow for physical distancing.
When it comes to finding a deal, you’ll find lower prices within a traditional business office setting where the tenant or landlord is sharing their commercial space on Rubberdesk. In fact, flexible space within a traditional business in Perth has a median price below $547 per desk/person compared to a median price of $744 per person at a coworking operator. The tradeoff though is that you may have to skip out on the additional amenities that a fully managed service operator provides.
On the other side, coworking desks are less expensive at a median price of $500 per person at a coworking operator and $600 at a traditional business. Though a bit more expensive, coworking operators tend to offer a better product for individuals or small flexible teams who do not require a private office.
Though price is not always the best option to compare coworking operators, as quality and amenities varies across operators and locations, you'll find median prices starting as low as $363 at Little City Coworking to $660 plus per desk for WeWork and $ 810 per desk at Hub Australia respectively.
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For those businesses with a tighter budget, West Perth provides heaps more value for smaller teams with a median price of $399 compared to a median price of $700 in the CBD.
Location | 1-4 Desks | 5-10 Desks | 11-15 Desks | 16-25 Desks | 26-50 Desks | 50+ Desks |
---|---|---|---|---|---|---|
Perth | $797 | $650 | $725 | $607 | - | - |
West Perth | $399 | $399 | $600 | - | - | - |
Subiaco | $742 | - | - | - | - | - |
South Perth | $408 | - | - | - | - | |
Maylands | $119 | - | - | - | - | |
Bayswater | $243 | - | ||||
Osborne Park | $475 | $433 | $506 | - | - | - |
Nedlands | $695 | $695 | - | - | - | - |
Welshpool | $1,150 | - | - | - | - | - |
Source Rubberdesk. The median price is shown per person per month based on a 12-month term
For a wide selection of office space, Perth provides a number of options of teams of 2 to 50 people.
For those happy to save some time commuting, the following locations provide spaces for small teams of up to 15.
Location | 1-4 Desks | 5-10 Desks | 11-15 Desks | 16-25 Desks | 26-50 Desks | 50+ Desks |
---|---|---|---|---|---|---|
Mosman Park | $300 | $293 | - | - | - | - |
Trigg | $600 | - | - | - | - | - |
Balcatta | $454 | - | - | - | - | - |
Joondalup | $299 | - | - | - | - | - |
Wangara | $156 | - | - | - | ||
Yanchep | $400 | - | - | - | - | - |
Mandurah | $440 | $440 | - | - | - | - |
Source Rubberdesk. The median price is shown per person per month based on a 12-month term
Source Rubberdesk. All prices shown exclude discounts and offers. Talk to us about the latest offers available.
Author: Tom Petryshen, VP Growth & Analytics
Updated: October 31, 2024
As of September 30, 2024, the median price for office space in Perth is $649 per person.
The median cost to rent a coworking desk in the Perth is currently $480 per desk per month.
As specialist brokers in the flexible office market, Rubberdesk is across all the options, offers and availability. We have real time pricing for thousands of spaces listed by hundreds of providers to help find your next office.
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