Future of work newsletter free subscription Future of work newsletter free subscription Future of work newsletter free subscription
  • Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Workspaces Run Better On UltraSoftBIS
Home Press

Demand For Coworking Spaces Continues To Rise In Sydney

Allwork.Space - PressbyAllwork.Space - Press
June 17, 2019
in Press
Reading Time: 4 mins read
A A
Press Release

A recent report by Instant Offices found that Sydney and Melbourne are two of the largest global markets for coworking and flexible workspaces in the world

Despite the mature nature of the Australian market, demand continues to rise as companies of all sizes swap the constraints of traditional offices for flexible workspace. According to findings by Instant Offices, Sydney and Melbourne are two of the largest global markets for coworking and serviced offices in the world.

As one of the top 10 biggest markets in the APAC region and the second biggest in Australia, Sydney shows signs of strong growth and continued demand as corporate companies begin to adopt the flexible working trend. According to the 2018 APAC Flex Market Report, there was a 90% increase in demand for flexible workstations by companies looking for 25+ desks or more in 2017. Scale-ups are also increasingly looking for flexible space to lower risks and increase agility.

Advertisements
Workspaces Run Better On UltraSoftBIS

Alongside cities like Hong Kong, Tokyo, Singapore, Melbourne and Jakarta, Sydney has seen consistent growth over the last five years, ranking it in the top 10 APAC cities with the largest flexible workspace markets. In Asia-Pacific, the supply for new centres has increased by 16% in the last year, with forecasted growth for Sydney at a strong 13%, on par with Hong Kong and the fast-growing flexible workspace market in Kuala Lumpur.

In Australia, many SMEs have already adopted some form of flexible working. A strong work-life balance sees a large percentage of the workforce either occasionally working from home or remotely from multiple locations around the country. Research by Indeed shows 68% of Australian companies encourage remote work, with 67% saying it increases productivity, 57% agreeing it reduces absenteeism and 51% enjoying the reduction in operational costs.

Advertisements
Nexudus - Tech Stack Lovers

Average Desk Cost Overall – A$725

Area Average Desk Cost
Sydney CBD A$800-850
Pyrmont A$600-650
Barangaroo A$950
Parramatta A$500
North Sydney A$650-700
Surry Hills A$750-800

Growth of Flexible Office Space in 12 Months

Area % Growth
Sydney CBD 24%
North Sydney 22%
Surry Hills 6%
Parramatta 14%
Barangaroo 20%

 

Serviced Coworking Hybrid
7% 18% 28%

The supply of coworking spaces in Sydney has increased by 18% in twelve months, while hybrid space, a combination of serviced offices and coworking space, has seen strong growth at 28%.

In a survey across the APAC region, Instant asked what facilities and services maximise value and experience in a flexible working space. Compared to 74% of Europeans who value exercise space, nearly 40% of those in the APAC region see it as adding no value or even detracting from an office environment. Instead, 79% of APAC respondents value designated relaxation space in their offices, while 65% agree that health services add value.

According to Startup Genome, Sydney is ranked among the top start-up ecosystems in the world and is home to Australia’s largest tech start-up hub. As a strategic business location between Australia and South East Asia, the city is an attractive option for international companies and entrepreneurs looking for a large talent pool, excellent infrastructure and a supportive environment for high-growth businesses.

Demand for space in the city’s key districts shows no signs of slowing, and as competition grows, businesses of all sizes will benefit from the agility and affordability of flexible office space in Sydney.

Advertisements
Maximize Flexible Space Revenue

https://www.instantoffices.com/blog/featured/cost-per-desk-sydney

About The Instant Group: Flexible Workspace Specialists

Founded in 1999, The Instant Group is a workspace innovation company that rethinks workspace on behalf of its clients injecting flexibility, reducing cost and driving enterprise performance. Instant places more than 7,000 companies a year in flexible workspace such as serviced, managed or coworking offices including Sky, Network Rail, Capita, Serco, Teleperformance, Worldpay is making it the market leader in flexible workspace.

More stories for you

Coworking Is Moving Into Apartment Buildings As A Powerful CRE Strategy For Tenant Retention

Coworking Is Moving Into Apartment Buildings As A Powerful CRE Strategy For Tenant Retention

10 hours ago
The Real Reason Coworking And Flex Spaces Struggle To Make Money

The Real Reason Coworking And Flex Spaces Struggle To Make Money

2 days ago
WeWork Returns to NYC with First New Location Since 2019

WeWork Returns to NYC with First New Location Since 2019

3 days ago
Mail Compliance Made Simple What Every U.S. Coworking Operator Should Know

Mail Compliance Made Simple: What Every U.S. Coworking Operator Should Know

3 days ago
Tags: Coworking
Share5Tweet3Share1
Allwork.Space - Press

Allwork.Space - Press

The Allwork.Space Press Room enables brands to broadcast their innovations and achievements, providing a streamlined channel for disseminating news and fostering meaningful dialogue with industry pioneers and thought leaders, ensuring their participation in shaping the Future Of Work®. Submit your Press Release Here

Other Stories Recommended For You

Coworking Is Moving Into Apartment Buildings As A Powerful CRE Strategy For Tenant Retention
Coworking

Coworking Is Moving Into Apartment Buildings As A Powerful CRE Strategy For Tenant Retention

byEmma Ascott
10 hours ago

Coworking grows as a value-add amenity, turning dead space into retention and revenue potential.

Read more
The Real Reason Coworking And Flex Spaces Struggle To Make Money

The Real Reason Coworking And Flex Spaces Struggle To Make Money

2 days ago
WeWork Returns to NYC with First New Location Since 2019

WeWork Returns to NYC with First New Location Since 2019

3 days ago
Mail Compliance Made Simple What Every U.S. Coworking Operator Should Know

Mail Compliance Made Simple: What Every U.S. Coworking Operator Should Know

3 days ago
Advertisements
Workspaces Run Better On UltraSoftBIS
Advertisements
Nexudus - Tech Stack Lovers

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00