About Serviced Office in Ultimo
Serviced offices in Ultimo offer fully managed, plug-and-play workspaces where everything — from internet and utilities to reception and cleaning — is bundled into one simple monthly fee. Serviced Offices are available across Ultimo's CBD and major business precincts, with flexible lease terms and the ability to scale as your business grows.
Ultimo is a vibrant suburb in New South Wales, Australia, characterized by its dynamic commercial identity. Nestled adjacent to the Sydney CBD, Ultimo is a magnet for technology and media enterprises, offering a unique blend of urban energy and business potential. The suburb is home to influential institutions such as the University of Technology Sydney (UTS) and the Australian Broadcasting Corporation (ABC) studios. This proximity to educational and media powerhouses makes Ultimo a fertile ground for startups, creative agencies, and digital media companies. Its strategic location just 10 minutes from Sydney’s central business district enhances its appeal, providing an ideal environment for businesses seeking a balance between affordability and accessibility.
The office space landscape in Ultimo is as diverse as it is promising. The area offers a range of office types, from traditional private suites to flexible co-working spaces, catering to businesses of all sizes. Pricing in Ultimo is notably competitive, with rates typically 15–40% lower than the Sydney CBD, making it an attractive option for cost-conscious businesses. Ultimo's distinctive feature is its blend of historic industrial architecture with modern business facilities, offering unique office environments that inspire creativity and innovation. This makes Ultimo not only a hub for established businesses but also a nurturing ground for emerging startups and entrepreneurs.
Transportation in Ultimo is exceptionally convenient, with extensive public transit options that include several major train lines and bus routes, facilitating easy access across Sydney. This connectivity is a significant advantage for businesses, ensuring a steady flow of talent and clients. Ultimo’s proximity to top academic institutions like UTS also provides a rich talent pool for recruitment, particularly in tech and media sectors. Looking forward, Ultimo is poised for continued growth, driven by ongoing infrastructure developments and urban revitalization projects. These factors make Ultimo an attractive investment destination for businesses seeking long-term growth potential in a thriving urban setting.
Office Space Prices in Ultimo
Ultimo offers a competitive and dynamic office market, with diverse space options and prices significantly lower than the Sydney CBD, making it ideal for tech and media companies.
Median Desk Rate – Ultimo (2024 – 2026)
Per desk/month, private office suite
Median Desk Rate by Team Size – Ultimo
Per desk/month. Smaller teams pay a higher per-desk premium.
Ultimo Office Space Price Comparison
| Location | Location | 1–2 Desks | 6–10 Desks | 20+ Desks |
|---|---|---|---|---|
| Ultimo | A$750 | A$680 | A$640 | |
| Sydney CBD | A$1,200 | A$1,100 | A$1,000 | |
| Chippendale | A$780 | A$700 | A$670 | |
| Surry Hills | A$800 | A$720 | A$690 | |
| Pyrmont | A$770 | A$710 | A$680 |
Rates per desk/month, private office suites, all-inclusive. Data from OfficeFlexFinder listings, Q1 2026.
Price Overview by Area
| Suburb / Area | Price Range | Median / Desk |
|---|---|---|
| Ultimo | A$400–1,200 | A$680 |
| Sydney CBD | A$800–1,800 | A$1,200 |
| Chippendale | A$450–1,250 | A$700 |
| Surry Hills | A$500–1,300 | A$750 |
| Pyrmont | A$470–1,280 | A$730 |
Pricing data reflects the diverse and competitive office space offerings in Ultimo and surrounding areas.
Frequently Asked Questions – Serviced Office in Ultimo
What is the average office space pricing in Ultimo?
The average office space pricing in Ultimo is quite competitive compared to the Sydney CBD. Typically, the price range for office spaces in Ultimo is between A$400 and A$1,200 per desk, per month. This is significantly lower than the Sydney CBD, where prices range from A$800 to A$1,800. This affordability, combined with Ultimo's proximity to the city center and its vibrant business environment, makes it an attractive option for startups and established businesses alike.
What types of businesses are most common in Ultimo?
Ultimo is a thriving hub for technology, media, and educational institutions. The presence of the University of Technology Sydney (UTS) and ABC Studios makes it a preferred location for startups, creative agencies, and digital media companies. These businesses are drawn by the suburb's dynamic ecosystem, which supports innovation and collaboration. Additionally, the area's affordable office spaces and proximity to Sydney's central business district make it an appealing choice for tech firms and creative enterprises looking to establish a strong foothold in a vibrant urban center.
How is the transport connectivity in Ultimo?
Ultimo boasts excellent transport connectivity, which is a key advantage for businesses operating in the area. The suburb is serviced by multiple major train lines, including services from Central Station, one of Sydney's main transportation hubs. Additionally, there are numerous bus routes that traverse the suburb, providing easy access to various parts of Sydney. This robust transport network not only facilitates the daily commute for employees but also ensures that clients and partners can easily visit Ultimo, enhancing business operations and opportunities for collaboration.
How does Ultimo compare to nearby locations like Chippendale and Surry Hills?
When compared to nearby areas like Chippendale and Surry Hills, Ultimo offers a unique blend of affordability and strategic location. While Chippendale and Surry Hills have their own charm and business appeal, Ultimo's prices are generally more competitive, with office spaces available from A$400 per desk, per month. Additionally, Ultimo's proximity to the University of Technology Sydney and the ABC studios adds a distinctive edge, attracting tech and media companies. The vibrant business community and dynamic environment make Ultimo a compelling choice for businesses considering these neighborhoods.
What kind of lease terms can businesses expect in Ultimo?
Businesses in Ultimo can expect a range of flexible lease terms that cater to different operational needs. Many office spaces in Ultimo offer flexible leasing options, from short-term leases for startups and small businesses to long-term agreements for established companies. This flexibility is particularly appealing in today's dynamic business environment, allowing companies to scale their operations without being tied to rigid lease contracts. Whether a company requires a small co-working space or a larger private office, Ultimo's office providers are equipped to accommodate diverse requirements with adaptable lease terms.
What is a serviced office?
A serviced office is a fully equipped, managed office space rented on flexible terms. Unlike traditional leases, all services — internet, cleaning, reception, utilities, meeting room access — are bundled into one monthly fee. The provider maintains the space, allowing tenants to focus on their business rather than facilities management.
Are serviced offices suitable for enterprise businesses?
Yes. Many global enterprises use serviced offices for satellite offices, market entry operations, project teams and overflow capacity. Enterprise-grade serviced offices offer ISO-certified data connectivity, compliance-ready security, dedicated IT infrastructure, and full white-labelling options — matching or exceeding the standards of a traditional leased office.
More Workspace Options in Ultimo
About OfficeFlexFinder
OfficeFlexFinder helps businesses compare flexible office space, coworking spaces and serviced offices across Australia and Singapore. The platform aggregates listings from leading workspace operators and independent providers to help companies find and secure offices faster — with transparent pricing, live availability and direct enquiry tools. Browse listings, compare prices and connect with providers, all in one place.
Founder, OfficeFlexFinder
Arthur Truong specialises in flexible workspace advisory across Australia and Singapore, helping businesses find serviced offices, coworking spaces and private suites across major CBD markets. He has spent years researching the flexible workspace sector and building tools that make it easier for companies to compare and secure office space.
Data sourced from OfficeFlexFinder listings and the Property Council of Australia. Last updated March 2026.
Data Sources
Market insights on this page draw on data from OfficeFlexFinder listings alongside published research and statistics from the following authoritative sources:
- Australian Bureau of Statistics — National employment, population and economic statistics
- Property Council of Australia — Commercial property market research and industry advocacy
- CBRE Research — Global and Australian commercial real estate market intelligence
- JLL Research — Office market vacancy, absorption and rental data
