From operator expansion, national pricing trends, the impacts of COVID-19 and the outlook for flex space in 2022, here is your full overview of the Flexible Office Market in Australia.
It's been a challenging 2 years, but the outlook for the Flex market is positive.
The morale of Coworking Operators Australia wide has been tested but as the market bounces back the flex industry remains optimistic that large growth and demand is to come. A major development in the flexible office market was the launch of Flexible Workspace Australia (FWA). The organisation has given both small and large-scale Operators the platform to share advice, news, resources and offer support.
Read the latest news:
|Median Office Rate Per Person||$823|
|Median Coworking Desk Rate||$560|
|Flex Floorspace Available (sqm)||36,745|
With the presence of some of Australia's top Coworking and Serviced Office Operators, Parramatta has quickly grown to offer premium services to businesses of all sizes. Joining the likes of Servcorp and Regus, here are the latest Australian operators who have opened in Parramatta.
Workspace365 recently opened on level 15 of the iconic Eclipse Tower, famously known as the Deloitte Building. Designed by leading architects Fitzpatrick + Partners and built-in 2012, the striking elliptical design is also complemented by the building’s outstanding 5.5-star energy rating.
Space&Co is another Australian Operator who opened their newest business centre in the Parramatta CBD. It is one of the best when it comes to employee wellness and technology, whilst also demonstrating a strong commitment to reducing their environmental footprint. It has recently been awarded a 6-Star Green Star Design Rating by the Green Building Council of Australia and 5-Star NABERS Design Target Rating.
Work Club are opening at 200 George Street in May. Located within the landmark building, designed by architects Francis-Jones Morehen Thorp, 200 George Street embraces innovation and technology alongside Work Club’s signature design aesthetic to produce an exceptionally luxurious Club & Workspaces. With its cutting-edge technology, the tower itself sets new global benchmarks and has sustainability at its heart. As one of Australia’s most environmentally advanced and sustainable buildings, representing World Leadership in environmental sustainability practices.
Excitingly, Work Club has also announced the future opening of their 5th Sydney location situated within the original railway workshops at South Eveleigh.
Opening in August 2022, The Work Project will open their first Sydney location located in the heart of Circular Quay in an iconic brand new 50 storey tower. Offering 4,300 square metres across two floors providing flexible workspaces and coworking. The space will benefit from unrivalled exclusive conference and event facilities, business lounge & café, and top-of-the-line technology infrastructure. The Quay Quarter is highly anticipated and will offer a range of hospitality and laneway dining experiences and a garden podium with a rooftop bar.
With 12 premium serviced offices in Australia, Spaces will open their first North Sydney location in June 2022. This designer workspace is located in one of Sydney's tallest building and included on-site facilities including wellness studios and networking café. With floor-to-ceiling windows and clear views across Sydney’s Central Business District, it’s a fresh, bright, and inspiring place to work.
Spaces are also set to open in Parramatta Square in July 2022. This stunning new purpose-built workspace is located in an attractive area with state-of-the-art facilities and thoughtfully-designed interiors. Levels 17 and 18 benefit from sweeping city views and the space overall has excellent natural light from floor-to-ceiling windows.
With 5 premium locations in Melbourne, CreativeCubes.Co are set to open their first Sydney location by the end of the year. This is a long awaited Sydney expansion given their popularity and success in Melbourne. Each Cubes location benefits from thoughtful design, bright and inspiring furnishings, and plenty of flexible workspace options. Along with the ability to network and collaborate with like-minded professionals, CreativeCubes.Co offers exclusive member benefits with a strong focus on workplace wellbeing.
Scheduled to open mid-2022, TEC's sixth centre will add over 200 workstations and approximately 1,650 sq meters of workspace to TEC Sydney's existing portfolio.
The flagship centre will emphasise sustainable and functional design that facilitates social engagement and a sense of community. The interior design is inspired by Angel Place's unique urban landscape, winding laneways and vibrant culture that evoke a sense of streetscape discovery.
|Median Office Rate Per Person||$632|
|Median Coworking Desk Rate||$500|
|Flex Floorspace Available (sqm)||26,295|
In late 2021, Creative Cubes opened in Carlton. The vibrant new space offers coworking and private offices for teams of 1 - 350. In traditional Cubes fashion, their latest business centre is nothing short of impressive. With plenty of natural light, vibrant break out spaces, and premium member benefits CreativeCubes Carlton offers businesses a dynamic place to base their business.
Soon to come for CreativeCubes is their 5th VIC location in Collingwood. There's no doubt this will be a highly in demand space and we can't wait to see it come to life.
In October 2021, Hub Australia opened its first Melbourne location outside the CBD, positioned at 412 St Kilda Road. Formerly the Victorian Police Headquarters building, Hub has transformed two levels into premium workspaces including offices, suites, dedicated desks, and breakout spaces.
Additionally, opening soon Hub Australia is bringing premium offices and flexible workspaces to the new Industry Lanes Development in Richmond.
Alongside larger projects like Hub's carbon neutral and B Corporation certifications, Hub undertakes a number of actions to support our impact goals. Notably, In 2020, Hub Australia achieved carbon neutral certification for all business operations and locations, becoming Australia's first carbon neutral certified coworking provider.
In August 2021, Spaces opened their 10th Australian branch in Collingwood, VIC. The spaces features 3 premium floors of flexible office space ranging from collaborative spaces, spacious private offices or bookable meeting rooms. This modern serviced office also promotes workplace wellbeing with holistic benefits such as yoga classes and wellbeing events.
This luxury workspace is one of the most iconic boutique developments in Richmond and has been designed to offer the complete VIP experience. Companies have the ability to leverage a one-company feel in a cutting-edge complex that also includes a rooftop terrace with spectacular panoramic city views. With 5-meter high windows bringing in an abundance of natural light, as well as plenty of greenery, the outside is brought in, providing the best of both worlds. Complimentary tea, Nespresso gourmet coffee and filtered sparkling water are just some of the many benefits.
60 Moorabool Street is a brand new premium building in Geelong with over 11,000 sqm of office and retail space, the building benefits from a large carpark, premium end-of-trip facilities and has been dubbed as the 'forefront of Geelong's business future'. Located on level 4 of this exceptional building, Workspace365's newest Australian location will offer businesses a premium office in a convenient location outside of Melbourne's CBD. This expansion will place Workspace365 as the largest operator focussing on the western corridor of Melbourne - from Footscray to Geelong to Torquay.
|Median Office Rate Per Person||$627|
|Median Coworking Desk Rate||$391|
|Flex Floorspace Available (sqm)||13,235|
Upcoming in April 2022, Spaces are opening at Jubilee Place in Fortitude Valley. The space is the perfect blend of old and new, a strikingly modern building with an exoskeleton frame, designed around the heritage-listed 19th century Jubilee Hotel. Level 1 will include reception, café/business lounge and Levels 2, 3, 4 & 5 will be office space.
Spaces will also be opening their second CBD location in June 2022 in one of Brisbane’s newest and most sought after business locations. Located on Ann Street, this airy, flexible workspace will be flooded with natural light, offering 5G connectivity built in. You’ll also boost your company’s green profile, thanks to this stunning 60,000 sqm building’s superb environmental credentials, including space for over 500 bicycles.
|Median Office Rate Per Person||$540|
|Median Coworking Desk Rate||$430|
|Flex Floorspace Available (sqm)||3,395|
Officially opened in November 2021, Work Club's newest site is the 5th in its flex portfolio. Launched in partnership with QIC at the prestigious 224 Bunda Street, right in the heart of Civic Quarter. Featuring a variety of membership options, ranging from boutique suites to flexible workspaces, all come with exceptional views of Glebe Park, as well as an in-house Cafè and private Club Lounge; plus plans for an outdoor rooftop terrace in the very near future.
Victory Offices’ 1 Constitution Place location has redefined work life and leisure inside Canberra’s newest all-inclusive precinct. This building sets the precedent for all commercial-grade buildings moving forward and has been awarded a gold-rated WELS and 5-star NABERS energy rating.
Opened in early 2021, Hub Civic Quarter is located at the gateway to Canberra’s CBD. The state-of-the-art workspace provides 300 members with stunning offices, suites, and flexible work areas. Across 2 levels, this thoughtfully designed features plenty of greenery, modern furnishings, media studio, podcasting and photography kits.
|Median Office Rate Per Person||$675|
|Median Coworking Desk Rate||$450|
|Flex Floorspace Available (sqm)||5,005|
Opened in 2021, Liberty's Joondalup location joins their impressive portfolio of Flexible Offices Space. With 5 other premium centres across Perth makes Liberty Western Australia’s largest independent flexible workspace provider. The new facility is located on the prominent junction of Grand Boulevard and Boas Avenue, and provides 122 workstations in 34 private offices, coworking space, a generous lounge area and 2 state-of-the-art boardrooms across 776 sqm.
The Joondalup location mirrors the inspiring interior design enjoyed by businesses at their 197 St George’s Terrace and 35 Outram Street facilities, and the recently refurbished and iconic 1060 Hay Street location.
|Median Office Rate Per Person||$544|
|Median Coworking Desk Rate||$440|
|Flex Floorspace Available (sqm)||2,475|
Hub relocated to 89 Pirie Street, expanding their Adelaide offering to welcome up to 350 members. After growing their business community for over 7 years at 5 Peel Street, Hub listened to the demand of Adelaide’s businesses and saw the growth of current scaling members. Hub Adelaide offers all-inclusive pricing with flexible terms, alongside access to a barista-run café, parent's space, media studio with podcasting and photography kits, showers and towel service, member discounts and perks, and access to Hub's locations across Australia.
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