As Australia's 5th most populous city, Adelaide has some of the most affordable flexible office space in the country with median prices ranging from $400 per person for a 5-10 person office to $833 for larger teams of 16-25. Though the higher cost is a result of lower inventory levels for larger teams as opposed to high demand. For smaller teams of 2-10 people, there is a decent supply keeping the prices reasonable.
State-wide, South Australia has prices well below the national average with the difference between a coworking desk and a private office for one being the price of your favourite espresso.
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When it comes to availability, 90% of all available offices and 67% of available space is set aside for small teams of up to ten people. This is great for small businesses or startups who prioritise flexibility and features over a long term lease. Sadly, there are few options available for larger teams of 16 to 50.
Looking closely at pricing, specifically for space from coworking operators versus more traditional businesses, you'll find a median price of $400 per person for a single desk or office in a coworking facility compared to $460 for a desk in a traditional business and $445 and $499 per person for an office setting. When you consider that an office in a coworking facility often comes with additional amenities such as break-out rooms, front desk support, shared kitchens, bike storage, and showers, flex space from co-working operators is quite the bargain.
As markets reopen from the COVID-19 lockdown, we forecast that supply from traditional businesses, with spare offices in traditional leases, will continue to increase as companies look to rent excess office space as a cost management strategy.
For those not needing to be in the CBD and closer to the beach, you'll find a few great options starting at $127 per person for teams up to 10.
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Source Rubberdesk. All prices shown exclude discounts and offers. Talk to us about the latest offers available.
For a wide selection of office space in Adelaide you'll find options for teams of 2 to 30 people at a median price of $450 per person.
For those just looking for a desk, you'll find a number of great deals on coworking spaces in Adelaide.
As of March 21, 2021, the median price for office space in Adelaide's CBD is $450 per person.
The median cost to rent an office for 5-10 people in the Adelaide CBD is currently $400 per person.