RESEARCH
LOCAL and offshore flexible office space operators are growing their footprint across Australia, with the sector showing signs of recovery after a slower than...
According to CBRE’s Australian Flex Space in the Age of Hybrid Work report, the flexible office market footprint has increased by 2.1% across the...
Across these markets, total penetration of flex operators currently accounts for 2.7% of office stock, which is down from its 3.1% peak in...
CBRE’s 2023 Occupier Survey also showed that around 70% of Australian-based respondents currently have no exposure of less than 10% exposure to...
“Office landlords are strategically embracing the evolving working dynamics by exploring innovative solutions such as flexible office spaces and...
“This shift is driven by the changing preferences of tenants and the recognition that providing adaptable and versatile work environments can...
This comes after a report from The Instant Group found demand for flexible workspaces across the Asia Pacific region was up 16% in...
While Sydney is leading flex operator penetration at 3.2% down from 3.6% in June 2020, with Melbourne down from 2.9% to 2.2%, Brisbane is...
The report also revealed that the majority of new Australian office developments are expected to include some level of flexible space...
“International operators now see Australia as a mature flex market offering growth potential and some are actively looking at opportunities...
Offshore operators currently make up over 50% of the flex footprint on Australia’s east coast following local operator consolidation...
“Evolving workplace dynamics have triggered the need for flexible space operators to rethink their offerings to remain relevant and...
“These offerings vary by tenure and customisation, ranging from “gym pass” like day memberships on the one end, through to fully turnkey managed spaces on...