Latest Flex Office Market Insights: Australian Flexible Office Space Report - January 2024
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.
After a sharp increase in desk rates in Q4 2022, the rate for flexible office space in Perth has stablised through 2023 at $700 per desk per month as supply continues to lag demand.
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 4% since Q3 and 11% since the start of the 2023.
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 | £700 |
Median Coworking Desk Rate | £495 |
Flex Floorspace Available (sqm) | 5,165 |
Available Desk Capacity | 908 |
Source Rubberdesk. All prices accurate as of December 31, 2023
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Though slightly higher than WA’s median price, Perth’s $700 per person 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 50 or more desks is attractively priced competitively at $728 per desk.
Private offices make up the 82% 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.
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 50 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.
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 of $500 per desk/person compared to a median price of $650 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 $429 per person at coworking operators who are well placed to offer a better product for individuals or small flexible teams who do not require a private office.
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 $446 for Workit Spaces to $684 plus per desk for Spaces and $ 800 per desk at Dexus Place respectively.
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For those businesses with a tighter budget, West Perth provides heaps more value for smaller teams with a median price of $550 compared to a median price of $750 in the CBD.
Location | 1-4 Desks | 5-10 Desks | 11-15 Desks | 16-25 Desks | 26-50 Desks | 50+ Desks |
---|---|---|---|---|---|---|
Perth | $769 | $750 | $700 | $825 | - | - |
West Perth | $550 | $600 | - | - | - | - |
Subiaco | $640 | $282 | - | - | - | - |
South Perth | $175 | - | - | - | ||
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.
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 | $275 | - | - | - | - | |
Trigg | $600 | - | - | - | - | - |
Balcatta | $454 | - | - | - | - | - |
Canning Vale | $360 | - | - | - | - | - |
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
Source Rubberdesk. All prices shown exclude discounts and offers. Talk to us about the latest offers available.
Author: Tom Petryshen, VP Growth & Analytics
Updated: January 8, 2024
As of December 31, 2023, the median price for office space in Perth is $700 per person.
The median cost to rent a coworking desk in the Perth is currently $495 per desk per month.
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