Latest Flex Office Market Insights: What's New with Flex and Serviced Office Space in Australia

Melbourne's Flexible Office Price Guide

Melbourne's Flexible Office Price Guide

Compare and find deals for office space in Melbourne CBD, South Melbourne, East Melbourne, Geelong and suburbs and towns across Victoria.

Melbourne Availability Trends

Melbourne's flexible office space has been growing very quickly over the last few years and sits just behind Sydney in terms of available floor space with ~31,690 sqm of flexible space available to rent. However, in the past two quarters we've seen a a 19% drop in supply as operators remove inventory from the platform.

Growth of Melbourne Offices Space Capacity Trends - March 31, 2024

Melbourne Desk Rate Trends

Despite a stagnant few years, desk rates in Melbourne are up almost 7% since the start of the year. Though rates in Melbourne tend to be well below those found in Sydney, it is now above the pre-pandemic rates of $750 per desk but well below the $1000 per desk price hit in Sydney this quarter.

Melbourne Office Space Pricing Trends - March 31, 2024

Melbourne Flexible Office Space Stats

Median Office Space Per Person $780
Median Coworking Desk Rate $500
Flex Floorspace Available (sq. ft.) 31,690
Available Desk Capacity 5,779

Source Rubberdesk. All prices are accurate as of March 31, 2024

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Median Price of Flexible Office in Melbourne by Office Size

Median rates in Melbourne range from $731 for 1-4 people upwards of $932 per person for private offices for teams of 16-25 staff.

Median Price for Flexible Offices in Melbourne

Median Price of Flexible Office in Melbourne, Victoria by Office Size - All prices accurate as of March 31, 2024

Melbourne Office Availability by Floorspace and Capacity

When compared to the national average, the breakdown of offices by floor space, and the number of offices by capacity, Melbourne’s is pretty consistent. However, when compared to Sydney, there are some glaring differences with Melbourne having a higher portion of available square metres and offices devoted to teams under 15 than Sydney. In fact, 78% of Melbourne’s available offices are devoted to spaces for under 15 people compared to Sydney’s 68%.

Melbourne Offices Available by SQM and Capacity

Melbourne Desk Rates by Space Type

Finally when it comes to an analysis of desk rates by coworking operator vs traditional businesses, coworking operators in Melbourne tend to have higher desk rates for a private office due to the additional amenities they provide yet these same operators charge less for a single coworking desk vs a shared desk in a traditional office. If your business doesn't need all the amenities of a fully serviced office, a shared space in a traditional space can be an attractive option in the short to medium term. .

Melbourne Median Monthly Rate Per Person by Space & Host Type

What does it the Cost to Rent Flexible Office Space in Greater Melbourne?

While desk rates for flexible office space is often pricier in the city centre, Melbourne tends to buck this trend with higher rates seen in trendier areas such as Richmond, Cremorne and Southbank.

Melbourne Median Monthly Rate Per Person by Location

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Inner Melbourne Office Space

Like Sydney, the bulk of Melbourne’s available office space can be found in the city’s CBD area with median prices fairly even across all available office sizes. Though deals can be found in areas outside the CBD in suburbs like Docklands and Fitzroy for smaller teams, you will likely pay more for offices in Southbank, Cremorne, and East Melbourne.

Location 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
Melbourne $745 $761 $890 $913 $881 $879
Docklands $808 $800 $558 $985 $755 -
East Melbourne $800 $810 - - - -
Carlton $531 $735 $817 $900 - -
Southbank $687 $640 $775 $900 - -
Collingwood $755 $800 $812 $696 $650 -
Fitzroy $625 $600 $650 $625 - -
South Melbourne $751 $894 $800 $749 $418 -
West Melbourne $882 - - - - -
Cremorne $765 $810 - $777 - -
Richmond $859 $794 $860 $900 $697 -
St Kilda $500 - $380 - - -
South Yarra $690 $642 $566 $647 - -
Hawthorn $730 $616 - $332 $332 -
Port Melbourne $300 - $500 $200 - -
Footscray $584 $442 $783 - - -
Hawthorn East $393 $491 - -
Windsor $190 $220 - - - -

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

With close proximity to the city centre, Docklands has a number of flexible office options for teams of 2 to 50 or more at a median price of $558 to $985 per desk.

Collins Square, Tower Five, 727 Collins Street Docklands

Up to 5 people
Private Offices

level 8, 30 Convention Centre Place South Wharf

Up to 8 people
Private Offices

6 Saint Mangos Lane Docklands

Up to 8 people
Private Offices

South Melbourne Office Space

To Melbourne’s South, there are a few flexible offices for smaller teams ranging from a median price of $325 per person in Oakleigh South to $748 per person in Dingley Village.

Location 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
Elsternwick $550 $490 - - - -
Brighton $737 - - - - -
Mount Waverley $655 $435 - - - -
Oakleigh South $325 - - - - -
Cheltenham $637 - - - - -
Dingley Village $748 - - - - -
Dandenong $496 $334 - - - -
Hallam $498 $344 - - - -

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

1341 Dandenong Road Chadstone

Up to 8 people
Private Offices

1341 Dandenong Road Chadstone

Up to 13 people
Private Offices

1341 Dandenong Road Chadstone

Up to 7 people
Private Offices

East Melbourne Office Space

Beyond East Melbourne, there are limited spaces available for small 1-4 person teams at $1000 per desk.

Location 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
Ivanhoe East $1,000 - - - - -

Source Rubberdesk. All prices shown exclude discounts and offers. Talk to us about the latest offers available.

North Melbourne Office Space

If proximity to the airport is important to you, then you’ll find some great bargains for smaller teams in North Melbourne, Preston and Heidelberg.

Location 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
North Melbourne $211 $156 - - - -
Preston $334 - - - - -
Niddrie $662 $560 - - - -
Heidelberg $753 $587 - - - -

Source Rubberdesk. All prices shown exclude discounts and offers. Talk to us about the latest offers available.

Up to 6 people
Coworking Desks

239 Murray Road Preston

Up to 3 people
Private Offices

West Melbourne Office Space

From Footscray to West Melbourne there are a few options available for teams of up to 10.

Location 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
Footscray $584 $442 $783 - - -
Williamstown $520 - - - - -
West Melbourne $882 - - - - -

Source Rubberdesk. All prices shown exclude discounts and offers. Talk to us about the latest offers available.

Victoria Flexible Office Rates

Outside of Greater Melbourne, there are a number of flexible office spaces available for 1-4 people from Ballarat Central to Geelong with monthly rates from $360 to $760 per desk.

Location 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
Ballarat Central $360 - - - - -
Geelong $760 $820 $857 - - -

Source Rubberdesk. All prices shown exclude discounts and offers. Talk to us about the latest offers available.

Author: Tom Petryshen, VP Growth & Analytics
Updated: April 15, 2024

Frequently Asked Questions about Melbourne Office Space

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

As of March 31, 2024, the median price for Melbourne Office Space is $780 per person.

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

The median price to rent a Melbourne Coworking Desk is $500 per person per month + GST.

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