JLL’s latest Melbourne Flexible Space Snapshot has revealed that almost half of the city’s coworking offices are being used by workers from large corporations rather than entrepreneurs and startups.
Additionally, major office landlords such as Dexus, ISPT, and GPT have launched their own flexible office solutions within their buildings.
Businesses seeking out new offices more frequently include a requirement for flexible space within the building, causing a 34.4% increase in the amount of available flexible space over the course of four years.
Still, traditional serviced office and coworking providers still account for only 1.8% of Melbourne’s total office stock.
“Whilst it still accounts for a relatively small proportion of occupied stock, take up by flex space operators in 2018 accounted for approximately 19.7 per cent of total CBD net absorption,” according to the report.