Rent Office Space East Melbourne

East Melbourne Office Space & Coworking Spaces for Rent

OfficeSpace.com.au is pleased to offer access to a large range of exceptional serviced office space for rent, situated in highly sought after locations in East Melbourne, Victoria. These flexible offices, furnished offices, remote offices and coworking hubs are available on flexible rental contracts - some starting from just one week - making it easy for you to budget for your new serviced and furnished meeting rooms or office to rent in the ideal location. If you are looking for a office located in the East Melbourne area, with high speed internet, 24hour access, air conditioning and more, OfficeSpace.com.au is at your service. We are here to help you to avoid being tied down with a costly, multi-year lease on your office rental in East Melbourne, VIC.

East Melbourne Office Space

East Melbourne covers an area of approximately 2 square kilometres and is located between the districts of Richmond, Collingwood, and downtown Melbourne. According to data collected in 2016, the total office inventory in East Melbourne amounts to nearly 240,000 square metres of space.

East Melbourne Office Stock: Most furnished offices in this area date from the 1970s, which means that office stock in East Melbourne consists of predominantly B and C Grade space, although projects are in place for A Grade developments in Victoria Parade. The most well-known office towers are ICI House and the more recent development at One East Melbourne, which consists of 6,000 square metres of A Grade units.

Typical East Melbourne Office Occupiers: The local tenant profile in these serviced offices typically consists of small and medium-sized businesses involved in the creative sector, although the tenant base has been gradually broadening and now the area attracts firms in construction, technology, and manufacturing. In terms of demand, East Melbourne is almost as popular a destination as City Fringe sub-markets like St Kilda and Southbank.

Office Rental Rates: Office costs are in line with the city average of approximately $400 / sqm, but new builds gravitate towards $450 / sqm and over $500 for A Grade office space in landmark buildings. Incentives are below 20 per cent. The priciest office units are located in the western end of the district, with access to Collins Street and the Financial District.

As part of City Inner East sub-market, Serviced East Melbourne offices are characterised by low vacancy rates (below 5 per cent), growing tenant appeal, and high absorption rates, all of which are likely to keep putting upward pressure on rents. Overall, this is one of the tightest non-CBD office markets in Australia, along with Parramatta (Sydney) and Southbank.

Why You Should Rent Office / Coworking Space in East Melbourne

Thanks to its close proximity to the CBD and access to top tourist attractions such as St Patrick’s Cathedral, Melbourne Cricket Ground, and Fitzroy Gardens, East Melbourne is a hub for the city’s visitor economy and for related industry sectors, such as accommodation, food services, retail services, access to serviced meeting room office space, and leisure services. The public sector is also well represented here given the presence of the Parliament of Victoria and the local Education Department.

Key Employers & Industries: The most important local employers are mostly in the accommodation sector and include Pullman, Hyatt, and Mercure, as well as medical institutions like Freemasons Hospital and Royal Victorian Eye and Ear Hospital. Total employment numbers have been increasing steadily since the mid 2000s, and in 2016 East Melbourne had a workforce of almost 25,000 people, with the top employing industries being healthcare (almost 8,000 jobs), public administration and safety (approximately 5,000 jobs), and business services (1,700 jobs).

East Melbourne - Startup City: This is an attractive business destination, as the city of Melbourne VIC on the whole is considered the country’s start-up capital, and particularly so in niche sectors like MedTech, digital gaming, cybersecurity, and sportstech. Moreover, the area has in place a Startup Action Plan that aims to improve support options and infrastructure for entrepreneurs by 2021, and there are already grants and sponsorship opportunities covering startup costs, business expansion, and business support from the City of Melbourne.

Simply choose any of the East Melbourne serviced shared or private offices for rent listed on this page. All of the fully furnished and serviced offices, meeting rooms, flexible office suites with dedicated desks, car parks, and business premises are available on temporary rental terms to suit your requirements and are located in Melbourne's prime business positions.

Contact OfficeSpace.com.au

As well as the East Melbourne office space listed above, we also provide access and details to a wide selection of serviced offices with meeting room facilities, 24hour access to high speed internet, business lounge areas, shared workspace and leased office space in Melbourne CBD, South Melbourne, Fitzroy, Richmond and other cities nearby. Contact us now and let us help you search for the perfect fully furnished office space with meeting rooms, you will have access to all the details needed to find your perfect room or space in East Melbourne VIC. Click on the serviced, shared or private offices of your choice for further room, access or services details.