Market Insights: Australia's Flexible Office Space Market Report - Q4 2025
From operator expansion, trends, and the outlook for flex space in 2025, here is your full overview of the Australian Flexible Office Market.
The Australian market has shifted significantly this year. 2025 saw a "flight to quality" where premium amenities (wellness rooms, barista coffee, podcast studios) became standard rather than optional. There has been a specific surge in suburban corridors and secondary CBDs (like Parramatta, South Melbourne, and fringe Adelaide) as the "hub-and-spoke" model matures.

Sydney saw major premium openings in the CBD and significant expansion into Western Sydney hubs.
The Executive Centre newest space in Sydney offers premium-grade workspace designed by Harry Seidler. Features a barista café, 260+ workstations, and high-end concierge services. All spaces come fully furnished with adjustable standing desks, ergonomic seating, and modern amenities, supported by on-site operational support and business concierge services.
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Located at 121 Castlereagh Street, the former David Jones building has been reimagined by The Commons, blending heritage charm with modern design to create a luxurious, one-of-a-kind workspace. At its structural core is a breathtaking Atrium—a light-filled architectural centrepiece—designed to connect our community across two levels. Notable for including a retro-inspired bowling alley, a wellness studio, and an outdoor terrace overlooking Hyde Park.
Discover premium flexible workspace at WOTSO Rhodes, perfectly positioned in the heart of Sydney’s inner west. WOTSO's modern serviced offices and coworking spaces are designed for businesses of all sizes, offering the freedom to scale as you grow without the constraints of a traditional lease.
Discover an unrivaled office experience at 50 Miller Street, North Sydney. WOTSO, offers fully furnished and flexible office spaces for teams of one to up to 25 people. With state-of-the-art meeting rooms, dedicated focus rooms, soundproof phone booths, and an onsite team ready to support your every business need, Miller Workspaces has curated an inspiring environment to help your clients' businesses prosper. Plus, they're dog-friendly too!
Address: HQ Gregory Hills, Gregory Hills (Western Sydney)
Opening: Early 2026
Details: Located in the new "HQ" building. This is a strategic expansion into the Macarthur growth corridor to capture the work-near-home market in Western Sydney.
Address: 377 New South Head Road, Double Bay NSW 2028
Opening: January 2026
Details: Located in the lively heart of Double Bay, FORUM by The Commons sits along the iconic New South Head Road, surrounded by boutique shops and cafés. With easy access to public transport and just moments from the harbour, it offers both convenience and charm.
Address: ** Level 12, 347 Kent Street, Sydney
**Opening: February 2026
Details: Located at one of the CBD’s most prestigious addresses, CreateiveCubes' 347 Kent Street office offers a sophisticated, professional Sydney coworking office space designed for businesses that demand excellence.
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Melbourne's market in 2025 was defined by "fringe" growth. CBD vacancy rates remained high, pushing operators to open in lifestyle precincts like South Melbourne and South Yarra.
Bank House, built in 1903 by Charles Robertson, is a heritage-listed property located at 11-19 Bank Place in Melbourne’s CBD. The building features arched windows on all four sides, bringing in natural light and showcasing its timeless design. Situated in the Bank Place precinct, it connects Little Collins Street and Collins Street, offering a prime location that blends historic charm with modern city convenience.
Opened: April 2025
Work Club Botanic Gardens is located in the heart of South Melbourne at the newly refurbished 380 St Kilda Road. Just six minutes from Central Melbourne and across from the breathtaking Royal Botanic Gardens. Designed to inspire and elevate, with a focus on wellness and work-life balance.
Opened: July 2025
Located inside one of the CBD’s most iconic retail arcades, Waterman Collins Street offers a cutting-edge workspace, meeting rooms and coworking, alongside retail, upscale dining and entertainment just minutes away. Its proximity to convenient public transport ensures ease and accessibility at Waterman Collins Street, whether it’s your place to meet clients or a permanent base for your team.
Opened: November 2025
Surrounded by Melbourne’s best dining, cafés, and retail along Southbank Promenade, with Crown Entertainment Complex just moments away, this new office from Servcorp provides prestigious A-grade tower within the exclusive Freshwater Place precinct, overlooking the Yarra River.
Opened: December 2025
Signature's office at 85 Spring Street offers premium flexible workspaces with customisable layouts and access to a full suite of business services and wellness amenities. Positioned in Melbourne’s CBD with direct access to transport and onsite food and beverage options, the building features a café, restaurant and bar, and a range of professional and end-of-trip facilities.
Opened: October 2025
Perfectly positioned in the heart of Richmond, Waterman Richmond Station offers a premium ergonomic workspace designed for functionality, comfort and style. Just 600 metres from Richmond Station and Swan Street tram stop, it’s an incredibly convenient location for businesses wanting easy access and a central address.
Opened: August 2025
Address: 171 Ferrars Street, South Melbourne
Opening: February 2026
Details: A 750sqm floor located near the South Melbourne Market. WOTSO South Melbourne offers a full range of modern, private serviced offices designed for teams who want flexibility without compromising on professionalism.
Address: 19 Thompson Street, Abbotsford
Opening: February 2026
Details: Perfectly positioned on the edge of the city, Waterman Abbotsford offers a connected, light-filled workspace just moments from trams and public transport, making it easy to get in and out of the CBD and surrounding suburbs.
Address: Toorak Road, South Yarra
Opening: Early 2026 (Projected)
Details: With South Yarra Station next door and easy access to public transport, this location is perfectly placed. Located in Melbourne’s fashion district, South Yarra is a cultural precinct known for its local boutiques, art galleries, and the nightlife of Chapel Street. Inside the building, you'll also find The Commons Health Club, offering a dedicated space for fitness and wellness.
Address: Level 1, Sky Square, 517-521 Station Street, Box Hill
Opening: June 2026
Details: Waterman Box Hill is set within the vibrant SKY SQR development, offering a premium mix of professional coworking spaces, private offices, and meeting rooms. Perfectly positioned in the heart of Box Hill’s newest business and retail hub, you’ll have everything you need to work, meet and connect with an array of dining, retail and lifestyle options right outside your workspace.
Address: 477 Collins Street, Melbourne
Opening: April 2026
Details: 477 Collins Street is the iconic Olderfleet Melbourne building, which has been transformed by Work Club Global and Mirvac into a workplace that has been named Australia's smartest building.
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Located right in the CBD @ Mezzanine, 30 Pirie Street, this beautifully designed hub brings together the best of shared office space Adelaide professionals are seeking: flexible workspaces, a dynamic community, and next-level amenities. With premium spaces such as private offices, collaborative lounges, meeting rooms, and a high-tech auditorium for events, this coworking destination is designed to elevate every workday.
Opened: July 2025
Located in the new and vibrant O’Connell Street redevelopment, Hub North Adelaide blends premium workspace design with the warmth of a local neighbourhood feel. Filled with natural light, warm interiors, and state-of-the-art amenities, it’s a space built for connection and your best work.
Opened: September 2025
Located in the heart of Adelaide’s CBD, next to Adelaide Town Hall, this premium space spans 2,000 square meters across two floors. The workspace includes private office suites (2–30 pax), open-plan coworking spaces, breakout areas, quiet booths, and boardrooms equipped with state-of-the-art video conferencing technology.
Opened: September 2025

Hub Elizabeth Quay at 9 The Esplanade in the Perth CBD offers a premium flexible workspace that blends business with lifestyle. Designed to elevate your every workday, this state-of-the-art clubhouse brings together professionalism, comfort, and hospitality in a space where you can truly do your best work.
Opened: June 2025
Address: 125 St Georges Terrace, Perth
Opening: February 2026 (Projected)
Details: In partnership with Brookfield Properties, Hub Australia brings our signature hospitality to Brookfield Place. With space to work, connect and unwind – including a rooftop terrace and sports lounge – One Two Five by Hub is a space for serious business.
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