2 office spaces for rent in South Yarra at Waterman

As at September 2026 the median private office in South Yarra is $753 per desk per month, about 16% above the $650 Victorian median and above the Melbourne CBD at $620. The rate is all-in on a monthly agreement: rent, outgoings, internet, furniture, cleaning, security and reception. The premium buys Chapel Street and Toorak Road addresses in small buildings, with offices from one to about fifteen people. Small suites price higher per desk everywhere, and South Yarra has almost nothing else, which is why its median sits above the grid's. Figures come from live listings and refresh weekly.

Yes, on both sides. Richmond, across the river and one station away, has a median of around $700 with larger floors; Southbank up St Kilda Road matches that in towers with parking; and the grid itself is cheaper than South Yarra. The suburb that costs more is Cremorne at $828, the tech precinct on the Richmond side of the river. South Yarra is a choice about lifestyle and a Toorak Road address rather than about rate, and its teams are typically small consultancies, agencies and property and finance boutiques.

The monthly fee normally covers rent, outgoings, utilities, high speed internet, furniture, cleaning, building security, a reception where the building has one, and shared kitchens, with meeting rooms up to a monthly allowance. Across the offices listed in Victoria, 94% come furnished, 90% are air conditioned, 85% include meeting rooms and 85% offer 24 hour access; 47% offer private parking and South Yarra's smaller buildings often include a space or two. Check the meeting room allowance, printing, IT support and the deposit, typically one to two months.

Offices here top out at about fifteen people, so a larger team is looking at Richmond or Southbank rather than South Yarra. With around two dozen listings, the right suite may not be free in the week you want it; say early what you need and we will shortlist what is genuinely available. There is no charge to you.