Latest Flex Office Market Insights: Australian Flexible Office Space Report - January 2024

Canberra's Flexible Office Price Guide

Canberra's Flexible Office Price Guide

Stay up to date with the latest prices for coworking desks and flexible office space in Canberra, ACT.

ACT Flexible Office Space Summary

Canberra is a thriving business hub, showcasing the best of Australia's economy. The city owes its success to its public sector - with government agencies at the heart of life here – leading to tremendous opportunities in professional services fields such as consulting, accounting and legal firms. Canberra also stands out due to its vibrant technology industry which has a strong presence across defense and cybersecurity sectors.

At $505 per desk per month, office space in ACT is priced well below the national median of $660 per desk.

Median Office Rate Per Person Median Coworking Desk Rate Per Person Flex Floorspace Available (sqm) Available Desk Capacity
$540 $355 5,250 993

Source Rubberdesk. All prices accurate as of December 31, 2023

Change in Canberra's Median Office Price

After a volatile 2022, desk rates in the greater Canberra area closed the Q4 quarter at $505 per desk, inline with the regions historical pricing over the past 3 years.

Image: Median Price Trends in Canberra by Office Size - December 31, 2023

Change in Canberra's Flexible Office Floor Space

Despite dropping 5% in Q4, 2023, available office space rose by 5% to 5,150 sqm year over year.

Image: Median Price Trends in Canberra by Office Size - December 31, 2023

Median Price of Flexible Office in Canberra by Office Size

Desk rates for offices for 1-4 people remained flat at $525 while rates for medium sized offices with 11-15 desks was up 30% to $675 per desk per month due to limited availability.

Image: Median Price for Flexible Offices in Canberra by Office Size - December 31, 2023

Median Price of Flexible Office in Canberra , ACT by Office Size - All prices accurate as of December 31, 2023

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Office Capacity by Office Size

When it comes to availability, 84% 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 but unlike other major cities, there are no options available for teams larger than 50.

Chart: Flexible Office Availability and Capacity in Canberra - December 31, 2023

Desk Rates by Space Type

Looking closely at pricing, specifically for space from coworking operators versus more traditional businesses, you'll find a median price of $299 per person for a single desk in a coworking facility compared to $400 for a desk in a traditional business. When it comes to private offices the desk rate at a coworking operator is $500 compared to $525 at a traditional business. When you consider that flex space from a coworking operator provides an attractive proposition with extra amenities included - think break rooms, reception support, shared kitchens and even bike storage or shower facilities, you get a lot more for your budget.

Canberra Monthly Rate Per Person by Space & Host Type for December 31, 2023

Desk Rates by Operator

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 $450 per desk at Wotso to $540 at Jaga Workspaces and $810 at Work Club.

Canberra Monthly Rate Per Person by Operator for December 31, 2023

Median Price of Office Space by Suburb in Canberra

For companies looking for a further discount on rates, suburbs outside the CBD such as Symonston, Phillip, and Dickson have a range of smaller offices for teams of 10 or fewer people available for a median rate of $400 and up per desk.

ACT Monthly Rate Per Person by Town for December 31, 2023

Location 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
Canberra $750 $700 $700 $806 $580 -
Belconnen $600 $650 - $600 $500 -
Fyshwick $500 - - $400 - -
Dickson $400 $400 - $412 - -
Kingston $540 $540 - - - -
Phillip $500 $500 $500 - - -
Symonston $450 $450 - - - -

Source Rubberdesk. The median price is shown per person per month based on a 12-month term

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Offices in Canberra

For a wide selection of office space in Canberra you'll find options for teams of 26 to 50 people at a median price of $608 per desk.

Suite 8, 10 Wormald Street Symonston

Up to 8 people
Private Offices

Level 5, 73 Northbourne Avenue Canberra

Up to 8 people
Private Offices

68 Northbourne Avenue Canberra

Up to 12 people
Private Offices

68 Northbourne Avenue Canberra

Up to 8 people
Private Offices

Unit 1-4, 15 Tench Street Kingston

Up to 8 people
Private Offices

Suite 12, 224 Bunda Street Canberra

Up to 10 people
Private Offices

Coworking Spaces in Canberra

For those just looking for a desk, you'll find a number of great deals on coworking spaces in Canberra.

Level 1, 18 National Circuit Canberra

Up to 10 people
Coworking Desks

10 Wormald Street Symonston

Up to 10 people
Coworking Desks

Level 1, 33 Allara Street Canberra

1 person
Coworking Desk

Author: Tom Petryshen, VP Growth & Analytics
Updated: January 8, 2024

Frequently Asked Questions

How much does it cost to rent office space in Canberra?

As of December 31, 2023 the median price for Canberra office space is $505 per desk per month.

How much does it cost to rent a coworking desk in Canberra?

The median cost to rent a dedicated Canberra coworking desk is currently $330 per desk per month.

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