Latest Flex Office Market Insights: Australian Flexible Office Space Report - January 2024
Compare rental rates on office space and coworking desks across Queensland including Brisbane CBD, Gold Coast, and Sunshine Coast.
The Brisbane CBD has seen heaps of new flexible floor space come to market over the past two years. However, as demand picked up throughout 2023, total capacity has decreased 15% since the start of the year to 14,130 sqm.
Despite an 18% increase in inventory, prices across Brisbane remained flat at $608 per desk per month while the cost per desk in the Brisbane CBD was down 1% to $600.
Though there is plenty on offer for smaller teams up to 15 people, supply is limited for larger teams over 25 outside of the Brisbane CBD. If you’re looking for a great deal close to the CBD for a small team of 1-4 then Fortitude Valley provides the best value with median prices under $530 per desk per month.
Median Office Space Per Person | £600 |
Median Coworking Desk Rate | £500 |
Flex Floorspace Available (sqm) | 14,130 |
Available Desk Capacity | 2,672 |
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As Australia's third-largest city, median rates in Brisbane range from $584 for 26 plus desks to $652 per person for a midsize office for 11-15 desks. While larger enterprise offices typically cost more than a smaller office due to extra amenities, the high demand and lower overall inventory levels across Brisbane are putting pressure on smaller offices. In fact, the prices are a complete reversal from what we saw in 2022 where smaller offices were considerably cheaper than larger enterprise offices.
Like other markets in Australia, you’ll find lower prices in traditional businesses vs a coworking operator, though the space may lack some of the amenities you’ve come to enjoy with a typical coworking environment.
We'll narrow down the best options that meet your unique requirements.
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As the sun capital of Australia, Brisbane’s CBD and surrounding suburbs offer the best selection of office space in the city with median prices far lower than Sydney and Brisbane. For something slightly less expensive, Milton, East Brisbane, and Fortitude Valley, all provide good value.
Location | 1-4 Desks | 5-10 Desks | 11-15 Desks | 16-25 Desks | 26-50 Desks | 50+ Desks |
---|---|---|---|---|---|---|
Brisbane | $587 | $640 | $638 | $608 | $584 | $584 |
Bowen Hills | $717 | $370 | $693 | $691 | $544 | - |
Fortitude Valley | $550 | $545 | - | $597 | - | - |
South Brisbane | $750 | $850 | $650 | $750 | - | - |
Spring Hill | $660 | - | - | - | - | - |
Paddington | $687 | - | - | - | - | - |
East Brisbane | $600 | - | - | - | - | - |
Milton | $639 | $389 | - | $100 | - | - |
West End | $542 | $613 | - | - | - | - |
Albion | $756 | - | - | - | - | |
Toowong | $932 | $425 | - | - | - | - |
Hamilton | $600 | - | - | - | - | - |
Yeerongpilly | $477 | $354 | - | - | - | - |
Source Rubberdesk. The median price is shown per person per month based on a 12-month term.
For those happy to save some time commuting, Darra, Banyo and Eight Mile Plains have availability for small teams up to 10.
Location | 1-4 Desks | 5-10 Desks | 11-15 Desks | 16-25 Desks | 26-50 Desks | 50+ Desks |
---|---|---|---|---|---|---|
Chermside | $700 | $700 | - | - | - | - |
Eight Mile Plains | $636 | $413 | - | - | - | - |
Greenslopes | $362 | $475 | - | - | - | - |
Seventeen Mile Rocks | $367 | $400 | - | - | - | - |
Darra | $650 | $288 | - | - | - | - |
Murarrie | $278 | - | - | |||
Brendale | $378 | - | - | - | - | - |
Taringa | $725 | $500 | - | - | - | - |
Springwood | $898 | - | - | - | - | - |
Source Rubberdesk. All prices shown exclude discounts and offers. Talk to us about the latest offers available.
Stretching from Tweeds Head North to Upper Coomerain Queensland, the Gold Coast provides a number of options for individual entrepreneurs to small teams of up to 10 people. However, beyond small teams though there are limited options available for larger teams in the flexible office space market.
Location | 1-4 Desks | 5-10 Desks | 11-15 Desks | 16-25 Desks | 26-50 Desks | 50+ Desks |
---|---|---|---|---|---|---|
Ashmore | $579 | - | - | - | - | - |
Bundall | $642 | $688 | - | - | - | - |
Southport | $800 | $550 | - | - | - | - |
Varsity Lakes | $650 | $650 | - | - | - | - |
Ormeau | $455 | $376 | - | - | - | - |
Source Rubberdesk. All prices shown exclude discounts and offers. Talk to us about the latest offers available.
As a holiday destination for many Australians, the Sunshine Coast North of Brisbane encompasses Mooloolaba, Maroochydore, Coolum Beach and Noosaville and has a few options available for small teams starting at a median price of $434 for a 1-4 person private office.
Location | 1-4 Desks | 5-10 Desks | 11-15 Desks | 16-25 Desks | 26-50 Desks | 50+ Desks |
---|---|---|---|---|---|---|
Mooloolaba | $434 | - | - | - | - | - |
Maroochydore | $648 | - | - | - | - | - |
Source Rubberdesk. All prices shown exclude discounts and offers. Talk to us about the latest offers available.
Though limited, our hosts offer flexible office space for small teams across Queensland.
Location | 1-4 Desks | 5-10 Desks | 11-15 Desks | 16-25 Desks | 26-50 Desks | 50+ Desks |
---|---|---|---|---|---|---|
Gympie | $540 | - | - | - | - | - |
Margate | $965 | - | - | - | - | - |
Sippy Downs | $700 | $700 | - | - | - | - |
Nambour | $352 | - | - | - | - | - |
Toowoomba | $400 | $356 | - | - | - | - |
Rockhampton | $909 | - | - | - | - | - |
Source Rubberdesk. All prices shown exclude discounts and offers. Talk to us about the latest offers available.
As of December 31, 2023, the median price for aBrisbane office space is $600 per person per month.
The median cost to rent a Brisbane coworking desk is currently $500 per person.
Author: Tom Petryshen, VP Growth & Analytics
Updated: January 8, 2023
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