Over the last year, the Brisbane CBD has seen an influx of new flex floor space, with a high of 13,235 sqm. There is 23,550 sqm of flex space available across the state, with nearly half of that in Brisbane’s CBD.
Though prices fell in the early stages of the pandemic, they have remained stable for the majority of 2021.
Though there is plenty on offer for smaller teams of up to 15 people, supply for larger teams of more than 25 people is limited outside of the Brisbane CBD. If you’re looking for a great deal close to the CBD for a small team of 1-4, Fortitude Valley, South Brisbane, and Milton provide the best value, with median prices under $500 per person.
Traditional businesses, like other markets in Australia, will have lower prices than coworking operators, though the space may lack some of the amenities you’ve come to expect from a typical coworking environment.
Our Flexible Offices Price Guide – Brisbane should help you pick the best flexible office for your needs.
Brisbane Flex Offices (Coworking) Pricing Table
Here are the office space base rates for 1-4 Desks. 5-10 desks, and 11 or more desks. For any price enquiries, feel free to talk to us thru chat!
| Suburb | 1-4 Desks | 5-10 Desks | 11+ Desks |
|---|---|---|---|
| Brisbane | $650 | $575 | $589 |
| Bowen Hills | $572 | $317 | — |
| Fortitude Valley | $500 | $500 | $490 |
| South Brisbane | $750 | $507 | — |
| Kangaroo Point | $1,250 | — | — |
| Spring Hill | $660 | — | — |
| East Brisbane | $380 | — | — |
| Milton | $7727 | $786 | — |
| West End | $313 | — | — |
| Albion | — | $108 | — |
| Toowong | $950 | — | — |
| Indooroopilly | $480 | — | — |
| Yeerongpilly | $477 | $354 | — |
| Aspley | $600 | — | — |
| Willawong | $175 | — | — |
| Eight Mile Plains | $549 | $442 | $438 |
| Seventeen Mile Rocks | $367 | — | — |
| Darra | — | $379 | — |
| Brendale | $375 | — | — |
| Springwood | $997 | — | — |
Fully Managed vs Traditional Office Space
As a business, you have a plethora of options, ranging from fully-managed office operators like Regus and Servcorp to the new kids on the block like WeWork, Regus (owned by IWG), JustCo, and Australian-owned Altitude, Hub Australia, and Workspace365, to name a few. These fully managed operators provide everything you need at a single monthly price, from desks and chairs to printing and amenities like showers and bike racks, with the option to add more desks or downsize the space as needed.
Renting space from traditional businesses with spare offices is typically less expensive than renting space from dedicated coworking operators, owing to lower overheads and the fact that rental income is not their core business model.
Coworking vs Private Office
Though many coworking operators offer rates for a single desk in an open-plan space, these typically represent less than 20% of the available spaces. These private offices usually share communal facilities like meeting rooms, bathrooms, and kitchen areas, but they are self-contained and fully serviced.
When it comes to office size, smaller private spaces with fewer than ten desks account for 82 percent of total available space. This is in response to a demand for smaller private spaces by businesses looking for safe places for their employees to work away from HQ or home, and with Work Safe Australia’s new physical distancing guidelines coming into play, we expect operators to convert open plan spaces into more private small offices.
How to Calculate the Cost of Office Space in Brisbane
Rent is calculated for traditional office leasing based on the price per square meter and multiplied by the size of the space to yield a net annual rent. In addition to the rent, there are outgoings and land tax that must be paid by the tenant.
To calculate the number of desks your business requires for flexible office space, the calculation is often simpler and dependent on the size of your team. If, for example, each desk in a private office costs $800 per person, the monthly cost for a six-person office is simply $4,800 ($800 x 6 = $4,800). Flexible office rental typically includes credits for meeting rooms and printing facilities, but for heavy users of either, these services can be included. Of course, in addition to your office space and desks, you’ll have access to common areas such as kitchens, meeting rooms, restrooms, and other amenities such as showers and secure bike racks.
It’s important to note that traditional office rent does not include the fit-out, desks, or any other amenities you might want to provide your employees. Furthermore, you may be paying for extra space that you do not require.
A flexible office space, on the other hand, allows you to only pay for what you need while also providing numerous amenities that would not be economical or feasible in a small traditional office setting.
For any enquiries, feel free to talk to us thru chat!
Enterprise software development experience. More recently in positions including CTO, Lead Developer and Head of Product in Australia. Deep expertise in property and legal technology in Australia with a specialty in lead generation and tech scalability across Asia-Pacific.