IWG has revealed new plans to roll out four new locations of its Spaces OpenDesk concept this year in Australia.
Spaces OpenDesk aims to appeal to franchise investors, as they typically run smaller than the traditional multi-office model. Taking up around 300 to 500 square meters, these spaces are ideal to fit into retail or mixed-use developments.
Each site costs around 40% less than traditional offices. Franchisees will seek out investors for long-term commitment to develop between three and seven locations.
The new locations will be located in Brisbane, Melbourne and Sydney, and offer a more flexible office solution for companies.
“Enquiries are from big business with hybrid workers, most ASX companies are embracing the new model. The head office is now reduced, you still need it, but not for the same functions,” said Mark Bhardwaj, head of partnership growth at IWG Australia/New Zealand. “Offices are still available to lease but the inventory is less compared to our main offering.”
