Rent Serviced Offices South Yarra

South Yarra Cheap Serviced Offices in Melbourne's Suburbs

You can search OfficeSpace.com.au for South Yarra serviced offices, coworking spaces and shared office space for rent at professional business centres and commercial office properties. These fully furnished and wired workspaces are available now on flexible, short term contracts, ready for you to move in and get straight to work.

The South Yarra Office Space Market

South Yarra is a small but active office space market covering an area of 5 square kilometres east of central Melbourne. The market is considered part of the Melbourne metro area and is only 4 kilometres away from the CBD. In addition, this area borders the M1 highway, so offices in South Yarra enjoy excellent connectivity with Melbourne CBD and with other major urban centres in southern Victoria.

Popular Office Locations: The top locations for office space in South Yarra are Toorak Road and Chapel Street, near the Jam Factory development and having South Yarra station to the north. Other in-demand locations are Wilson Street and High Street.

Trends: This office market doubled its size in the few years previous to 2023 with the addition of 80,000 sqm of brand new office space. This finally helped meet active demand from tenants seeking office units over 4,000 sqm, which until very recently had to look in nearby precincts like Cremorne and Richmond.

South Yarra has also experienced population gains and expansion in local services and amenities, which has put the area on the spotlight for businesses looking to set up an office in one of the most up-and-coming Melbourne metro neighbourhoods. Overall, South Yarra is one of the 3 most desirable office locations in the metro area, along with South Melbourne and Collingwood.

South Yarra Serviced Offices

Find the perfect serviced office for your business in the best South Yarra locations. We can help you find and secure a lease in the top private and shared office spaces in South Yarra, ensuring your new office is ready to move in at short notice.

Our selection of serviced offices includes options in renowned buildings, like the Como Tower, a short 6-minute walk from South Yarra station. Other options are available in Chapel Street, within easy reach of Hawksburn rail station. In addition to a convenient location, these serviced offices offer on-site business support and excellent amenities, like parking, access to training, conference, and meeting rooms, restaurant, gym, bike storage, showers, etc., all available on flexible lease terms.

Average Office Rental Costs: Average net face rents for Melbourne metro area, which includes South Yarra, are in the mid $400s / sqm, and average net effective rents are around $300 / sqm.

Offices close to Yarra Riverside tend to be pricier, although A Grade units across South Yarra are experiencing moderate but steady rental rate increases.

South Yarra Office Market Outlook

South Yarra is set to experience further expansion with luxury office developments coming to Toorak Road and Wilson Street, consolidating its position as one of metro Melbourne’s premier office locations. The area is also earning points in liveability and population gains are expected. This is likely to open the doors to more opportunities to establish a business that serves local customers and hires local talent, and eventually bring more dynamism to the area’s office market.

The increasing popularity of the area will also lead to rising rental rates. In other cases, this may translate into a surge in investment in office buildings. For those not ready to invest, flexible office leases will remain the most popular option, especially considering that well-known flex space operators have been moving into the area since 2022.

Reasons to Rent Office Space in South Yarra

South Yarra offers an ideal location only 4 kilometres away from Melbourne’s Central Business District, and is served by road, a train station, tram, city buses and a few other transport links. The area is located a 30-minute drive from Melbourne airport, which has direct links with top business destinations in the Asia – Pacific region, the Middle East, and North America.

The benefits of South Yarra for you and your employees include the fact that South Yarra is a central location offering walking distance to shopping centre facilities, spectacular views, an abundance of cafes and restaurants, convenient transport links to Melbourne's Central Business District, easy access to the Railway Station and other public transport - just to name a few!

Business Support: Information, resources, and different types of business assistance can be obtained from Business Victoria, the City of Melbourne, Small Business Mentoring Service, Chapel Street Precinct Association, and the City of Stonnington.

Contact OfficeSpace.com.au

If you need help with your search for serviced offices or shared office space for rent in South Yarra, or anywhere in Victoria or throughout the country, get in touch and we'll help you find the perfect office centre or workspace in your ideal location.

Choose from a wide range of office options such as: commercial properties, virtual offices, private offices and serviced offices situated in the heart of South Yarra. Contact us now to find the serviced office space that's right for you.

Office Space for Rent in South Yarra, Victoria

There are 5 office towers, landmark buildings and commercial properties in South Yarra with spaces available for rent or lease including: