Market Insights: Australia's Flexible Office Space Price Guide - July 2024

Perth's Flexible Office Price Guide

Perth's Flexible Office Price Guide

Need help with finding the perfect office space or coworking desk for your business? Our Price Guide makes it easy to compare and find deals across Perth, Subiaco & Freemantle.

Change in Perth's Median Desk Rates - Q2, 2024

After a sharp increase in desk rates in Q4 2022, the rate for flexible office space across Greater Perth has remained steady over the past five quarters but falling 1.4% to $690 per desk per month in the recent quarter.

Image: Median Price Trends in Perth - June 30, 2024

Change in Perth's Flexible Office Capacity

As a smaller market Perth has been traditionally limited by tight supply with on a handful of the national operators offering space in the city centre. This trend has continued dropping another 3.3% in Q2 and 28% since the start of the year.

Image: Median Floorspace Trends in Perth - June 30, 2024

Perth Flexible Office Space Summary

With almost half the available flex floor space offered in WA, Perth's CBD has strong supply with rents below the national average. There are considerable-sized blocks of space available and fitted out to a high standard ready as turnkey solutions for companies of any size.

Median Office Space Per Person £690
Median Coworking Desk Rate £495
Flex Floorspace Available (sqm) 3,720
Available Desk Capacity 659

Source Rubberdesk. All prices accurate as of June 30, 2024

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What does it Cost to Rent Flexible Office Space in Perth?

Median Price of Flexible Office in Perth by Office Size

Though slightly higher than WA’s median price, Perth CBD’s $750 per desk rate is still comparable to CBD prices in other major cities, especially for smaller size teams and will go a long way to help companies preserve cash during these uncertain times. Space for larger teams looking for 16 or more desks is attractively priced at $750 per desk.

Image: Median Price for Flexible Offices in Perth by Office Size - June 30, 2024

Median Price of Flexible Office in Perth, WA by Office Size - All prices accurate as of June 30, 2024

Office Capacity by Office Size

Private offices make up the 84% of flexible space rented in Perth. These private offices typically share facilities such as meeting rooms, kitchens, bathrooms but are self-contained and fully serviced.

Image: WA Flexible Office Capacity

By sheer count of available offices, the smaller private spaces of fewer than 10 desks account for 88% of all listings. This is somewhat in response to demand for smaller private spaces by businesses that are looking for safe places for their employees to work away from HQ or home. Yet larger spaces with 16 plus desks are also available and used by corporates and government bodies typically in need of swing space, project space or just more space to allow for physical distancing.

Desk Rates by Space Type

When it comes to finding a deal, you’ll find lower prices within a traditional business office setting where the tenant or landlord is sharing their commercial space on Rubberdesk. In fact, flexible space within a traditional business in Perth has a median price below $563 per desk/person compared to a median price of $700 per person at a coworking operator. The tradeoff though is that you may have to skip out on the additional amenities that a fully managed service operator provides.

On the other side, coworking desks are less expensive at a median price of $495 per person at a coworking operator and $455 at a traditional business. Though a bit more expensive, coworking operators tend to offer a better product for individuals or small flexible teams who do not require a private office.

Perth Monthly Rate Per Person by Space & Host Type - June 30, 2024

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 below $488 for Subiaco Business Centre to $642 plus per desk for WeWork and $ 800 per desk at Dexus Place respectively.

Perth Monthly Rate Per Person by Operator for June 30, 2024

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Median Price of Office Space by Suburb in Perth

For those businesses with a tighter budget, West Perth provides heaps more value for smaller teams with a median price of $600 compared to a median price of $750 in the CBD.

Perth Monthly Rate Per Person by Suburb - June 30, 2024

Inner Suburbs

Location 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
Perth $750 $722 $722 $750 - -
West Perth $634 $600 - - - -
Subiaco $640 $282 - - - -
South Perth $408 - - - -
Maylands $119 - - - -
Burswood $575 $600 - - - -
Bayswater $243 -
Osborne Park $628 $433 $381 - - -
Nedlands $1,040 - - - - -
Welshpool $1,550 - - - - -

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

For a wide selection of office space, Perth provides a number of options of teams of 2 to 100 plus people.

152 Saint Georges Terrace Perth

Up to 17 people
Private Offices

Level 17, 2 The Esplanade Perth

Up to 12 people
Private Offices

45 Ventnor Avenue West Perth

Up to 3 people
Private Offices

37 Saint Georges Terrace Perth

Up to 2 people
Private Offices

152 Saint Georges Terrace Perth

Up to 15 people
Private Offices

Level 17, 2 The Esplanade Perth

Up to 12 people
Private Offices

Perth's Outer Suburbs & Beyond

For those happy to save some time commuting, the following locations provide spaces for small teams of up to 15.

Location 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
Mosman Park $293 - - - -
Trigg $600 - - - - -
Balcatta $454 - - - - -
Canning Vale $526 $322 - - - -
Joondalup $549 $540 - - - -
Yangebup $880 - - - - -
Wangara $156 - - -
Fremantle $334 - - - - -
Yanchep $400 - - - - -
Wanneroo $1,081 - - - - -
Mandurah $440 $440 - - - -

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

15-16, 64-66 Bannister Road Canning Vale

Up to 2 people
Private Offices

15-16, 64-66 Bannister Road Canning Vale

Up to 7 people
Private Offices

15-16, 64-66 Bannister Road Canning Vale

Up to 6 people
Private Offices

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

Author: Tom Petryshen, VP Growth & Analytics
Updated: July 10, 2024

Frequently Asked Questions

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

As of June 30, 2024, the median price for office space in Perth is $690 per person.

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

The median cost to rent a coworking desk in the Perth is currently $495 per desk per month.

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