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

Sydney Flexible Office Price Guide

Sydney Flexible Office Price Guide

Compare prices for office space in Inner Sydney vs North Sydney vs South Sydney to find the best deals for your business.

With 36,395 sqm of flexible office space, Sydney leads the way in available flexible space for rent in Australia. While the pandemic has been largely responsible for adding new supply to the market, the trend reversed in late 2021 and throughout most of 2022 as demand picked up. However, with inflationary pressure and uncertain times impacting many businesses, flex space inventory rose throughout most of 2023 before subsiding in Q4.

Change in Sydney Flexible Office Floor Space

Change in Sydney Flexible Office Floor Space - December 31, 2023

Source Rubberdesk - December 31, 2023

The increased demand and reduced supply has, of course, had an impact on prices over 2022 and into 2023 when desk rates rose by 2% over Q1 to $980 per person per month.

Change in Sydney Median Office Price

Change in Sydney Median Office Price - December 31, 2023

Source Rubberdesk - December 31, 2023

Sydney Office Space Summary

Median Office Rate Per Person Median Coworking Desk Rate Per Person Flex Floorspace Available (sqm) Available Desk Capacity
$948 $643 36,395 6,596

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

As the primary business centre for many Australian head offices, the Sydney CBD also has some of the pricier rents before discounts. Typically, the median price per person for larger offices is higher since these roomier spaces are often fully enclosed, on a dedicated floor, and/or have their own amenities and meeting rooms included.

However, over the past year demand for smaller offices for teams of 5 to 25 people has outstripped demand for much larger offices pushing prices for these smaller offices up 5% over the past year. Larger offices for teams of 50 or more have a median rent of $836 per desk per month while offices for 26-50 staff have a median rent of $900 per desk.

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Median Price of Flexible Office in Sydney by Office Size

Median Price of Flexible Office in Sydney, NSW by Office Size - December 31, 2023

Source Rubberdesk - December 31, 2023

There are plenty of other coworking spaces on the city fringes where you can quickly set up shop including North Sydney, St Leonards or North Strathfield, all of which represent real value. And for smaller businesses that need to be closer to the downtown core, Pyrmont, Chippendale, Paddington, and Bondi Junction all provide flexible office space a little more budget-friendly.

From the Northern Beaches to Sydney Inner and Outer West, and South Sydney to the Eastern Suburbs, Sydney has office space for rent in over 70 bustling suburbs to choose from, starting as low as $260 per person per month.

The Cost of Flexible Office Space in Sydney, NSW

Inner Sydney

Sydney Opera House

As the largest city in Australia, Sydney also has the most options for flexible office space as well as the highest rents in the country. Though for smaller teams there are plenty of good affordable options in Pyrmont, Glebe, Ultimo and Potts Point.

Location 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
Sydney $900 $1,052 $1,000 $1,000 $906 $836
Barangaroo $1,102 $896 - - - $1,000
Pyrmont $520 $533 $417 $413 $555 $414
Darlinghurst $925 $861 $880 $825 $825 $900
Surry Hills $758 $787 $650 $696 $650 -
Haymarket $622 $834 - $725 -
Chippendale $547 - $532 - - -
Ultimo $509 $477 $263 - - -
Woolloomooloo $358 - - - - -

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

Within close proximity of the city centre, Pyrmont has a number of options for teams of 2 to 50+ at prices between $440 to $619.

100 Harris Street Pyrmont

Up to 5 people
Private Offices

100 Harris Street Pyrmont

Up to 15 people
Private Offices

100 Harris Street Pyrmont

Up to 8 people
Private Offices

Northern Suburbs

Located just across the Sydney Harbour Bridge, North Sydney provides a wide range of offices for small teams to larger companies with more than 50 staff at very reasonable rates. For smaller teams of up to 10 people, Crows Nest and St Leonards provide great opportunities at a median price of $548 and $407 respectively. Finally, Chatswood is a great option for a team of up to 10 people for $619 per desk.

Location 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
North Sydney $625 $625 $610 $495 $575 $485
Neutral Bay $800 $600 - $800 $800 $800
Crows Nest $750 $475 $475 - - -
St Leonards $417 $407 - - - -
Chatswood $760 $616 $629 $400 $608 -
Gladesville $473 - - - - -
Lane Cove North $234
Hornsby $629 $629 $629 $629 -
Pymble $350 - - - - -

Source Rubberdesk. Median price is shown per person per month based on 12-month term - January 1 2024

116 Military Road Neutral Bay

Up to 60 people
Private Offices
Up to 66 people
Private Offices

116 Military Road Neutral Bay

Up to 80 people
Private Offices

Inner West

Directly West of Sydney’s Central Business District, the Inner West suburbs of Sydney offer plenty of options for smaller teams in Balmain and Newtown and a few for teams up to 50 in North Strathfield.

Location 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
Balmain $585 $585 - - -
Newtown $455 - - - - -
Drummoyne $486 - - - - -
Burwood $945 - - - - -
North Strathfield $660 - - - - -
Bankstown $709 $709 - - -

Source Rubberdesk. Median price is shown per person per month based on 12-month term - March 31 2023

If trendy restaurants, relaxed pubs and cafes are on your list of amenities, then Balmain has it and plenty of flexible office space for teams up to 50 people.

45 Evans Street Balmain

Up to 5 people
Private Offices

45 Evans Street Balmain

Up to 10 people
Private Offices

Northern Beaches

A popular area for tourists, the Northern Beaches, especially Manly have become a bit of a hotbed for coworking offices as locals look to work closer to home and reduce their commute. Manly has a number of options for teams of up to 15.

Location 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
Manly $600 $600 $322 - - -
Brookvale $770 $770 - - - -
Frenchs Forest $417 - - - -
North Narrabeen $500 - - - - -
Up to 2 people
Private Offices
Up to 5 people
Private Offices

44 North Fort Road Manly

Up to 10 people
Coworking Desks

Eastern Suburbs

From Edgecliff to Botany, there are small private offices for teams of 10 across the Eastern Suburbs at all price brackets.

Location 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
Edgecliff $550 $715 - - - -
Double Bay $353 - - - -
Woollahra $595 - - - - -
Bondi Junction $800 $800 $905 - - -
Randwick $667 $565 - $500 - -
Maroubra $863 - - - - -
Botany $532 $450 - $500 - -

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

At only 11km from the Sydney CBD and right next door to the Sydney Airport, Botany is the ideal location for those needing to catch a quick meeting in the city centre or catch flight.

11-13 Lord Street Lord Street Botany

Up to 4 people
Private Offices

11, 1401 Botany Road Botany

Up to 3 people
Private Offices

Office 3-7, 1401 Botany Road Botany

Up to 20 people
Private Offices

Western Suburbs

With Australia’s second oldest and 6th largest city, Parramatta has the most options for small teams up to 15 in Western Sydney followed by Blacktown and Baulkham Hills.

Location 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
Parramatta $692 $621 $800 - $1,050 -
North Parramatta $450 $450 - - - -
Castle Hill $312 - - - - -
Baulkham Hills $663 $636 - - - -
Fairfield $556 - -
Seven Hills $383 - - - - -
Blacktown $260 $575 $575 - $300 -
Penrith $660 - - - - -

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

A major business and commercial centre in its own right, Parramatta, is Australia's second oldest city after Sydney. As a major commercial hub, there are a growing number of flexible office spaces available for teams up to 15.

6-8 Parramatta Square Parramatta

Up to 6 people
Private Offices

Level 14, 32 Smith Street Smith Street Parramatta

Up to 11 people
Private Offices

6-8 Parramatta Square Parramatta

Up to 6 people
Private Offices

Southern Sydney

If your business is planning to reduce travel times for staff and wishes to set up a hub in Southern Sydney, there are some good options for teams up to 10 in Miranda, Rockdale and Zetland as well as teams up to 15 people in Alexandria.

Location 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
Rosebery $367 - - - -
Alexandria $625 $400 $380 $542 - -
Zetland $600 $600 - - - -
Marrickville $781 - - - - -
Mascot $727 - - - - -
Canterbury $380 - - - - -
Banksmeadow $130 -
Oatley $433 - - - - -
Caringbah $474 - - - - -
Cronulla $851 - - - -
Rockdale $565 $565 - - -

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

Formerly known as Australia's largest industrial district. Alexandria is a great location for those businesses needing fast access to catch a flight or head into the CBD for a meeting. Select from a number of flexible offices spaces for your next office.

Unit 9, 17 Power Avenue Alexandria

Up to 6 people
Private Offices

1 Locomotive Street Eveleigh

Up to 12 people
Private Offices

1 Locomotive Street Eveleigh

Up to 2 people
Private Offices

NSW Flexible Office Prices

From Wollongong in the South to Twin Heads in the North and Broken Hill to the West, Rubberdesk provides flexible office space for small businesses of all types across NSW. Find the right private office for your team.

City 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
Wollongong $477 $609 $609 - - -
Mittagong $802 - - - - -
Tamworth - $500 - - - -
Yamba $400 - - - - -
Billinudge - - - - - -
Tweed Heads $600 - - - - -

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

Central Coast

Central Coast, NSW

As the third-largest urban area in NSW, the Central Coast is just over an hour from Sydney. While it has been quite common for employees to commute to Sydney from the Coast via train, a number of flexible office operators now make it easier than ever to grab a desk or a small private office to cut down on the commute.

City 1-4 Desks 5-10 Desks 11-15 Desks 16-25 Desks 26-50 Desks 50+ Desks
Kotara - - - - - -
Charlestown $725 $400 - - - -
Hamilton - - - - - -
Newcastle West $600 $600 - - - -
Newcastle $350 $500 - - - -

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

Whether its Newcastle or Charlestown you'll find the right type of office for your team.

Level 3, 30 Pearson Street Charlestown

Up to 3 people
Private Offices

LVL1/S107, 161 King Street Newcastle

Up to 2 people
Private Offices

1 Tudor Street Newcastle West

Up to 10 people
Private Offices

Author: Tom Petryshen, VP Growth & Analytics
Updated: January 1, 2024

Frequently Asked Questions About the Costs of Office Space in Sydney

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

As of December 31, 2023, the median price for Sydney office space was $943 for a single person, down 3% from September 2023.

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

The median cost to rent a Sydney coworking desk is currently $643 per desk.


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