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Australia Co-Working Office Spaces Market Size, Analysis: By Type: Flexible Managed Office, Serviced Office; By Application: Information Technology (IT and ITES), Real Estate, BFSI, Consulting, Others; By End Use: Freelancers, Large Size Enterprises, Small and Medium Enterprises; Regional Analysis; Competitive Landscape; 2024-2032
Australia Co-Working Office Spaces Market Outlook
The Australia co-working office spaces market size is projected to grow at a CAGR of 5.05% between 2024 and 2032.
Key Takeaways
- According to Australian Banking Association, the Australian business landscape is dominated by small and medium-sized enterprises (SMEs), out of 2.6 million businesses, 98% of the businesses fall under the SME classification.
- New South Wales (NSW) possess the highest concentration of SMEs in Australia, accounting for 33% of the national total. This distribution majorly follows the population distribution across states.
- In terms of industry breakdown, construction leads the pack with 17% of all small businesses, followed closely by professional, scientific, and technical services (13%) and rental, hiring, and real estate services (11%).
The rise of flexible work among startups, and small and medium-sized enterprises (SMEs) in Australia is expected to drive the Australia co-working office space market growth
The Australia co-working space market has exhibited significant growth in recent years. Major cities, particularly Sydney and Melbourne, have been at the forefront of this trend, with a high concentration of coworking spaces established in 2022. Notably, Sydney continues to be a leading location within the country, attracting a growing number of businesses seeking flexible and collaborative office solutions.
In Australia, the growing popularity of coworking spaces among freelancers, startups, and small and medium-sized enterprises (SMEs) can be attributed to the comprehensive suite of amenities and features they offer. These typically include high-speed internet access, flexible access hours with 24/7 availability in some cases, meeting rooms for collaboration, and a variety of furnished or unfurnished workspace options. According to Australian Banking Association, micro businesses witnessed a 10% increase from June 2021 (1.41 million) to June 2022 (1.55 million). This follows an exceptional growth period during the 2021 financial year, with a 15% surge from 812,734 to 931,791. While the growth rate for small businesses slowed slightly to 3% (reaching 955,861 in June 2022 from 931,791 in June 2021).
In November 2023, The Great Room by Industrious announced its upcoming Sydney launch in early 2024. Catering to diverse business needs, The Great Room will offer a comprehensive range of flexible membership plans. This includes dedicated office space suitable for teams of 3 to 30, hot desk options ideal for freelancers, startups, and small teams, day passes for short-term workspace and amenity access, and virtual office services providing businesses with a prestigious corporate address.
Market Segmentation
Australia Co-Working Office Spaces Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments
Market Breakup by Type
- Flexible Managed Office
- Serviced Office
Market Breakup by Application
- Information Technology (IT and ITES)
- Real Estate
- BFSI
- Consulting
- Others
Market Breakup by End Use
- Freelancers
- Large Size Enterprises
- Small and Medium Enterprises
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
The Australia co-working office spaces market key players are BlackWall Funds Pty Ltd. (WOTSO), The Commons Cowork Holding Pty Ltd., The Office Space, WeWork Companies LLC, Hub Australia Pty Ltd., JustCo Group, Bader Investments Pty Ltd. (Workit Spaces), and CreativeCubes.Co Pty Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Co-Working Office Spaces Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Co-Working Office Spaces Historical Market (2018-2023)
8.3 Asia Pacific Co-Working Office Spaces Market Forecast (2024-2032)
9 Australia Co-Working Office Spaces Market Overview
9.1 Key Industry Highlights
9.2 Australia Co-Working Office Spaces Historical Market (2018-2023)
9.3 Australia Co-Working Office Spaces Market Forecast (2024-2032)
10 Australia Co-Working Office Spaces Market by Type
10.1 Flexible Managed Office
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Serviced Office
10.2.1 Historical Trend (2018-2023)
10. 2.2 Forecast Trend (2024-2032)
11 Australia Co-Working Office Spaces Market by Application
11.1 Information Technology (IT and ITES)
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Real Estate
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 BFSI
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Consulting
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Australia Co-Working Office Spaces Market by End Use
12.1 Freelancers
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Large Size Enterprises
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Small and Medium Enterprises
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Australia Co-Working Office Spaces Market by Region
13.1 New South Wales
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Victoria
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Queensland
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Australian Capital Territory
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Western Australia
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BlackWall Funds Pty Ltd. (WOTSO)
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 The Commons Cowork Holding Pty Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 The Office Space
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 WeWork Companies LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Hub Australia Pty Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 JustCo Group
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Bader Investments Pty Ltd. (Workit Spaces)
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 CreativeCubes.Co Pty Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Co-Working Office Spaces Market: Key Industry Highlights, 2018 and 2032
2. Australia Co-Working Office Spaces Market: Key Industry Highlights, 2018 and 2032
3. Australia Co-Working Office Spaces Historical Market: Breakup by Type (USD Million), 2018-2023
4. Australia Co-Working Office Spaces Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Australia Co-Working Office Spaces Historical Market: Breakup by Application (USD Million), 2018-2023
6. Australia Co-Working Office Spaces Market Forecast: Breakup by Application (USD Million), 2024-2032
7. Australia Co-Working Office Spaces Historical Market: Breakup by End Use (USD Million), 2018-2023
8. Australia Co-Working Office Spaces Market Forecast: Breakup by End Use (USD Million), 2024-2032
9. Australia Co-Working Office Spaces Historical Market: Breakup by Region (USD Million), 2018-2023
10. Australia Co-Working Office Spaces Market Forecast: Breakup by Region (USD Million), 2024-2032
11. Australia Co-Working Office Spaces Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.05% between 2024 and 2032.
The market is categorised according to type into flexible managed office and serviced office.
Who are the key players in the Australia co-working office spaces industry, according to the report?
The key players are BlackWall Funds Pty Ltd. (WOTSO), The Commons Cowork Holding Pty Ltd., The Office Space, WeWork Companies LLC, Hub Australia Pty Ltd., JustCo Group, Bader Investments Pty Ltd. (Workit Spaces), and CreativeCubes.Co Pty Ltd., among others.
Based on the end use, the market is divided into freelancers, large size enterprises, and small and medium enterprise.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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