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Jonathan Price – CRE & Flex Expert
Jeremy Fennema – Tech Innovation Alchemist
Growing flexible office spaces in Australia’s secondary cities could contribute over $11.5 billion AUD to local economies according to a new Regus study.
The research found that a single business center in Australia would create 222 permanent jobs at a national level and 122 net local jobs.
Additionally, it was revealed that 8,105 hours per hour of commute time would be saved, which equates to around 337 days or 48 weeks.
By 2029, 80,000 jobs would be created within business centers across Australia, creating 44,000 net jobs for local residents.
“This study reveals a shift in jobs and capital-growth moving outside of city centres, where it has been focused for the last few decades, into suburban locations,” said Steve Lucas of Development Economics and report author. “This can benefit businesses and people, from improving productivity and innovation, to reducing commuting time, which leads to improved health and wellbeing.”
