As the flexible office space market continues its growth, Q4 2022 marked another momentous quarter for operators and brokers in Australia. From built-to-suit projects to incubators launching co-working communities across the country, it is estimated that there have been over 6.3 million square feet of newly opened office space throughout 2022 - an increase of 25% from last year.

In our Q4 Market Update, we take a look at the newest Coworking and Serviced Offices and how prices are currently shaping up in the Australian market.

• Sydney
• Melbourne
• Brisbane
• Adelaide
• Perth
• Canberra

Sydney

Sydney By the Numbers

Whilst Q4 saw subdued operator expansion compared to the previous quarter, there is plenty of growth planned for 2023.

cirque by Centuria opened in Chatswood 9 Help Street - November 2023

Opening their second office space and first in NSW at 9 Help Street, this space run by cirque is part of Centuria’s national network of flexible workspace sites located within their commercial office buildings. With best-in-class amenities located within a lifestyle precinct, this new workspace will have a strong focus on meeting spaces and technology and bring 1,200 sqm of new space to Chatswood.

The Executive Centre's Newest Flagship Location in

Developed by Lendlease, Sydney Place at 180 George Street is the centrepiece of the regenerated Circular Quay precinct. The Executive Centre is located in Sydney Place’s Salesforce Tower, certified as a 6 Green Star building, and awarded a 5.5 NABERS Energy Rating.

The two-level centre showcases state-of-the-art flexible workspaces with high-quality furnishings, an expansive breakout area, a variety of Meeting and Event Spaces, and a Barista Bar

WeWork opens three new floors at 66 King Street

The self-contained, fully-fitted floors accommodate up to 55 desks over 480sqm. The spaces benefit from four private meeting rooms, excellent natural light, dedicated amenities, and access to outdoor terrace space with flexible leasing terms. This is the perfect space for businesses that want a flexible office with complete privacy, but still want to enjoy the added benefits of coworking.

Tank Stream Labs opens premium new coworking space in Barangaroo

Tank Stream Labs has pre-committed to 2 levels with over 4,400 sq m of premium office space fitted out to a very high standard offering spectacular views and natural light. Located within the prestigious Barangaroo district, this will be Tank Stream Labs' 4th location in Sydney.

Spaces officially opens at 1 Denison Street, North Sydney

Spaces recently opened its newest designer coworking space in North Sydney's largest and smartest office tower with a vibrant dining and social scene.

WOTSO Workspace announces new location for their Manly coworking space

WOTSO will occupy two freestanding heritage buildings totaling 1,400 sqm at the Barracks Precinct at North Head Sanctuary.

Upcoming in 2023

• Work Club Global is expanding their George Street location - March 2023
• JustCo to Launch 3 New Floors at 135 King Street - Feb 2023
• CreativeCubes to open its first Sydney location - Early 2023
• Hub Australia to open its first regional center in Newcastle - 2023

Melbourne

By the Numbers

The University of Melbourne in partnership with JLL launched 'Melbourne Connect Coworking'

Melbourne Connect is a digital innovation ecosystem that brings together world-class researchers, government, industry, SMEs, start-ups, and higher-degree students in a purpose-built innovation precinct adjacent to The University of Melbourne’s Parkville campus.

Hexa Space opens cutting-edge coworking space in Box Hill, Melbourne

As China's largest coworking operator, Ucommune is partnering with Hexa Group to take out two floors of its almost completed 31-level Panorama building in Box Hill. Recently listed on Rubberdesk, you can schedule a tour here.

Hub Australia to open suburban coworking space in the Box Hill Central Shopping Centre

Set to open in February 2023, Hub Local - Box Hill will span across three levels and feature a range of offices, desks, and suites, alongside an in-house café and business lounge, outdoor terrace, and serviced meeting spaces.

Upcoming

• Space&Co Opening at 550 Bourke Street - February 2023

Brisbane

By the Numbers

Workspace365 to Add 1,200 SQM in February 2023

With the closure of 179 Turbot Street, Workspace365 announced its new Brisbane location at 111 Boundary Street, West End. This is a new commercial building in a new precinct and is close to South Bank and the CBD offering a vibrant business and community lifestyle.

Cirque Spaces Officially Opens in South Brisbane

Opened in November 2022, Circe Spaces is now selling 1,500 sqm of brand-new space at 154 Melbourne St, South Brisbane. This new office and the first under the Cirque brand enjoys an enviable position just minutes from South Brisbane Railway Station, City Glider, and the new Metro Bus Station.

MoboCo's Gorgeous New Offices Now Available

Located within the stunning new MOBO Co building towering above South Bank, Mobo Co combines unparalleled innovation and premium facilities to create a cutting-edge coworking space like no other. The new office at 88 Tribune Street in South Brisbane brings 70 desks available for rent with a range of configurations for teams of 2 to 16.

Perth

By the Numbers

Liberty Workspaces is now WA's largest flexible workspace provider

In 2022, Liberty opened 2 new locations in Perth and has recently taken 1,100 sqm of flexible workspace in Perth's Exchange Tower, following Victory Offices' liquidation.

Adelaide

By the Numbers

Regus to open two new offices in Adelaide in Q1, 2023

After Hub expanded earlier this year adding greatly needed space to the Adelaide CBD, Regus is set to open two new offices in early 2023 starting in January with over 1,000 SQM of space at Level 2 / 25 Grenfell Street. In addition, Regus is opening a new floor at 121 King William St in early 2023.

Canberra

By the Numbers

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