Coworking Space Cost in Australia: Which Cities Offer the Best Value?

Australian Coworking Space: Market Insights

The Australian coworking space market is growing rapidly, with both global and local players competing to meet the increasing demand for flexible office solutions. Major providers such as Regus, JustCo, King Street Studios, The Work Project, Spaces, and GPT Space&Co have established a strong presence in the market. New entrants are also expanding their offerings to accommodate the shift toward hybrid and remote work.

Companies in the Australian coworking space market are leveraging strategies such as partnerships, mergers, and acquisitions to strengthen their market positions. According to the 2023 Flex Office Market Report, the East Coast experienced a 2.1% growth in the 12 months leading up to June 2023.

Looking ahead, the Australian coworking space market is projected to grow significantly. According to the Next Move Strategy Consulting (2024) report, the market size was $195.8 million in 2023 and is expected to reach USD 867.5 million by 2030. This reflects a robust CAGR of 23.6% from 2024 to 2030.

Hence, there is an increasing preference for coworking solutions, and businesses continue to prioritise flexibility, cost-efficiency, and collaboration in their work environments.

Comparison of Coworking Prices in Different Locations in Australia

The cost of coworking spaces varies across different cities in Australia, with Sydney having the highest average monthly price per desk and Canberra being the most affordable among the capital cities. However, prices are influenced by several factors, including the location of the coworking space, amenities offered, accessibility, and demand in the market.

Here’s a breakdown of coworking prices across major locations:

• Sydney: The most expensive coworking market in Australia, with an average monthly price of $550 per desk. The high demand and prime business locations contribute to the premium pricing.
• Melbourne: A close competitor to Sydney, with an average monthly cost of $500 per desk. The city offers a diverse range of coworking spaces catering to businesses of all sizes.
• Perth: The cost of coworking spaces in Perth is around $500 per desk per month, similar to Melbourne's but with a smaller market.
• Brisbane and Adelaide: Both cities have an average coworking desk price of $400 per desk per month, making them more affordable than Sydney and Melbourne.
• Canberra: The most budget-friendly coworking market among Australian capital cities, with an average price of $350 per desk per month. This makes it an excellent option for freelancers and small businesses seeking cost-effective workspace solutions.

Factors Affecting the Cost of Coworking Spaces in Australia

The cost of coworking spaces in Australia depends on several factors, including location, amenities, and membership type. Prices vary significantly across cities and within different neighbourhoods of the same town.

Below are the key factors that influence coworking space pricing.

1. Location

Coworking spaces in major business hubs like Sydney and Melbourne are more expensive due to high demand and premium locations. In contrast, suburban or regional areas offer more affordable options with fewer premium amenities.

2. Amenities & Services

The services in coworking spaces play a major role in determining its cost. Spaces that offer premium facilities such as high-speed internet, private meeting rooms, wellness zones, and event spaces charge higher membership fees than basic coworking setups.

3. Membership Type

Different membership options cater to various work needs, impacting pricing. Hot desks are the most cost-effective, while dedicated desks and private offices come at a premium due to the added privacy and security they provide.

4. Lease Terms & Duration

Many coworking spaces offer flexible rental options, including daily, weekly, or monthly plans. Longer-term commitments often come with discounted rates, making them more economical for businesses planning to stay in one location for an extended period.

5. Demand & Market Trends

The coworking industry in Australia is continuously evolving. Market demand, economic conditions, and the number of available coworking spaces in a given area can influence pricing. As hybrid work models grow, demand for flexible workspaces fluctuates, impacting costs.

6. Size & Layout

The physical space you choose within a coworking hub also affects pricing. Open-plan workspaces and hot desks are typically more affordable, while larger private offices or premium suites with custom layouts are more expensive.

7. Additional Perks & Networking Opportunities

Coworking spaces provide added value through networking events, mentorship programs, and professional workshops. These extra perks often lead to higher pricing, as they offer businesses and freelancers valuable opportunities to connect and grow.

8. Accessibility & Transport Links

Proximity to public transport, parking facilities, and major business districts can increase the cost of coworking spaces. Spaces with easy accessibility and prime locations often charge a premium for the convenience they offer professionals and businesses.

Key Benefits of Renting a Coworking Space in Australia

Renting a coworking space in Australia offers flexibility, cost-effectiveness, access to premium locations, networking opportunities, better work culture and many more. Let’s have a detailed look.

1. Flexible and Cost-effective Workspaces

Unlike traditional offices, coworking spaces allow businesses and individuals to rent desks or private offices without long-term leases. This flexibility helps reduce overhead costs while offering professional amenities.

2. Access to Premium Facilities

Most coworking spaces in Australia have high-speed internet, ergonomic furniture, meeting rooms, printing services, and fully stocked kitchens, ensuring a seamless work experience.

3. Networking and Collaboration Opportunities

Coworking spaces bring together professionals from various industries, creating opportunities for networking, partnerships, and knowledge sharing. Many spaces also host events, workshops, and social gatherings to foster collaboration.

4. Prime Locations Across Major Cities

From Sydney’s bustling business district to Melbourne’s creative hubs, coworking spaces are strategically located in key areas, providing easy access to clients, public transport, and essential services.

5. Scalability for Growing Businesses

Start-ups and small businesses can easily scale their workspace needs as they grow. Whether you need a hot desk, a dedicated desk, or a private office, coworking spaces provide the flexibility to expand or downsize.

6. Vibrant and Productive Work Culture

With thoughtfully designed interiors, natural lighting, and open layouts, coworking spaces create an inspiring atmosphere that boosts motivation and productivity while reducing the isolation of remote work.

Rent a Coworking Space in Australia Today!

With the growing demand for flexible work environments, coworking spaces have become the go-to solution for businesses, startups, and freelancers across Australia. These spaces offer a cost-effective and dynamic alternative to traditional offices, providing premium amenities, networking opportunities, and the flexibility to scale as needed.

Looking for the perfect coworking space?

Office Hub makes it easy to find and rent a workspace that suits your business requirements. With a vast network of coworking locations across Australia, Office Hub’s flexperts help you compare prices, explore amenities, and secure the best deal for your ideal workspace.

No more delays, and start your coworking journey today!