Latest Flex Office Market Insights: What's New with Flex and Serviced Office Space in Australia
Though volatile due to the smaller market, desk rates in Adelaide have stablised at $600 per desk per month after hitting a high of $650 in 2023. With tight supply, we expect prices to remain within this range until new inventory to introduced to market.
After a number of new office openings in mid 2023, flexible office vacancy has fallen 34% over the past two quarters. As a smaller market, Adelaide tends to have fewer options than other major cities, but last year's mew additions are providing more opportunities for teams of 10 or more to find a flexible office.
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 $385 per person teams of 26-50 to $615 for teams of 1-4.
State-wide, South Australia has desk rates below the national average of $680 per desk per month which are heavily influenced by Sydney and Melbourne.
Median Office Rate Per Person | Median Coworking Desk Rate Per Person | Flex Floorspace Available (sqm) | Available Desk Capacity |
---|---|---|---|
$600 | $445 | 2,970 | 471 |
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When it comes to availability, 93% of all available offices and 64% 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. Options are available for larger teams of 26 plus but selection is limited by location.
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 shared desk in a coworking facility compared to $500 for a shared desk in a traditional business. Meanwhile, a desk in a private office in a coworking venue has a median rate of $600 per desk compared to $412 per desk for a private office in a traditional business. This difference is often due to additional amenities such as break-out rooms, front desk support, shared kitchens, bike storage, and showers that a coworking facility offers and should be considered as part of the equation when comparing offices with fewer amenities.
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 $238 per desk at Little City Coworking and $438 at Servcorp to $665 for Hub Australia.
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For those not needing to be in the CBD, you'll find a great option starting at $323 per person for a small office in Prospect and $396 per desk in Mawson Lakes.
Location | 1-4 Desks | 5-10 Desks | 11-15 Desks | 16-25 Desks | 26-50 Desks | 50+ Desks |
---|---|---|---|---|---|---|
Adelaide | $634 | $600 | - | $562 | - | - |
Prospect | $323 | - | - | - | $385 | - |
Eastwood | $780 | - | - | - | - | - |
Glenelg | $1,980 | - | - | - | - | - |
Dulwich | $833 | - | $572 | - | - | - |
Mawson Lakes | $396 | - | - | - | - | - |
Brooklyn Park | $750 | - | - | - | - | - |
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.
For a wide selection of office space in Adelaide you'll find options for teams of 2 to 50 plus people at a median price of $600 per desk.
For those just looking for a desk, you'll find a number of great deals on coworking spaces in Adelaide.
Author: Tom Petryshen, VP Growth & Analytics
Updated: April 22, 2024
As of March 31, 2024 the median price for office space in Adelaide is $600 per person.
The median cost to rent a dedicated coworking desk in Adelaide is currently $500 per person.
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