Data confidence level:
Office space is amongst the most costly and inefficient to invest in. The grading system used by Knight Frank categorizes primary and secondary office space by the use of advanced valuation software, rigid reporting and quality review processes and by utilising global, national and local networks. While many small and medium enterprises (SMEs), as well as the increasing number of freelancers, are turning towards desk rental and shared office space, traditional offices are still an important part of company infrastructure, particularly in primary core (central) locations, as they help lend legitimacy to a businesses. This FACT indicates the average gross face office rent for primary core locations in Australian dollars per square metre per week in each Australian capital city.
* Adelaide, Brisbane and Canberra are using gross profit data, whereas with Melbourne, Perth and Sydney, only the median net profit could be found. No data was available for Darwin and Hobart.