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Australia Flexible Office Space Market Size, Share, Growth: By Type: Private Offices, Co-working Spaces, Virtual Offices; By End User: IT and Telecommunications, Media and Entertainment, Retails and Consumer Goods, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Australia Flexible Office Space Market Outlook
The Australia flexible office space market size is projected to grow at a CAGR of 7.8% between 2024 and 2032.
Flexible office spaces are type of workplace designed for employees to work in different manners. This means that the employee has the ability to work in different spots in the same office, work from home, or work in part time.
These office spaces are beneficial for offices as they help in saving overhead costs while providing employees with a comfortable and productive work environment.
Key Trends in the Market
- The Australia flexible office space market demand has been growing steadily owing to the rise of remote-working model. Flexible offices provide an opportunity for teams to gather periodically in a shared space. These spaces offer collaborative environments, meeting rooms, and networking opportunities, fostering innovation and teamwork.
In addition, these spaces often come with various amenities like high-speed internet, administrative support, utilities, and sometimes even refreshments, which cater to the diverse needs of businesses.
- One of the key Australia flexible office space market trends include the surge in the number of startups, freelancers, and independent professionals. Flexible office spaces provide a professional environment without the commitment of a long-term lease.
Moreover, these spaces foster collaboration, networking opportunities, and knowledge sharing among diverse professionals and businesses sharing the same workspace.
- Flexible workspaces often prioritise creating a conducive work environment that promotes work-life balance. This factor appeals to employees seeking a more flexible and engaging work setting. Flexible offices became more attractive due to their adaptability and ability to accommodate shifting workforce requirements.
Australia Flexible Office Space Market Segmentation
Based on type, the market can be segmented into private offices, co-working spaces, and virtual offices. The market segmentation, based on end-user, includes IT and telecommunications, media and entertainment, and retails and consumer goods, among others. The major regional markets for flexible office space in Australia are New South Wales, Victoria, and Queensland, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Australia flexible office space market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Hub Australia Pty Ltd
- Andcards Sp. z o.o.
- Charter Hall Group
- The Executive Centre Limited
- IWG plc
- Desk Space
- WeWork Companies Inc.
- Workspace365 Pty Ltd.
- Rubberdesk Pty Ltd
- Kings Business Park
- Others
Australia Flexible Office Space Market Analysis
Market Share by Type
According to recent trends, co-working spaces are likely to go through significant development during the forecast period owing to the rise in work-hour facility. Numerous medium-sized companies and startups are conducting their work in shared spaces as it allows them to save on overhead expenses, further contributing to the Australia flexible office space market growth.
Moreover, working professionals can gain access to amenities such as high-speed internet, refreshments, utilities, and even a recreational space.
Market Share by Region
New South Wales is expected to account for a major portion of the Australia flexible office space market share owing to rapid infrastructural development and relatively high population density. Sydney, being one of the busiest cities in Australia, has the highest number of private office spaces available. The city has a wide variety of office spaces available, providing accommodation for 1-4 to more than 50 people.
However, the relatively high rental cost can be a hindering factor as startups and other companies returning to office post-pandemic are likely to be tight on budget.
Competitive Landscape
Hub Australia is a coworking space provider operating in major Australian cities like Sydney, Melbourne, Brisbane, and Adelaide. They offer flexible workspace solutions catering to a diverse clientele, including freelancers, startups, SMEs, and larger corporations. Hub Australia focuses on creating vibrant and collaborative work environments equipped with modern amenities, meeting rooms, event spaces, and networking opportunities. Their spaces often promote a community-driven approach, encouraging interactions and partnerships among members.
Andcards Sp. z o.o. is a company specialising in software solutions for coworking spaces and shared offices. They provide management software designed to streamline operations, improve member experience, and enhance the overall efficiency of coworking spaces. Their platform includes features like member management, booking systems, payment processing, and community engagement tools.
Charter Hall Group is a leading property investment and funds management company in Australia. They operate across various real estate sectors, including commercial, retail, industrial, and social infrastructure. Charter Hall manages and invests in a diverse portfolio of properties, including office buildings, shopping centres, logistics facilities, and more.
Other major players in the Australia flexible office space market are The Executive Centre Limited, IWG plc, Desk Space, WeWork Companies Inc., Workspace365 Pty Ltd., Rubberdesk Pty Ltd, and Kings Business Park, 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 End User |
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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 Flexible Office Space Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Flexible Office Space Historical Market (2018-2023)
8.3 Asia Pacific Flexible Office Space Market Forecast (2024-2032)
9 Australia Flexible Office Space Market Overview
9.1 Key Industry Highlights
9.2 Australia Flexible Office Space Historical Market (2018-2023)
9.3 Australia Flexible Office Space Market Forecast (2024-2032)
10 Australia Flexible Office Space Market by Type
10.1 Private Offices
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Co-working Spaces
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Virtual Offices
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Australia Flexible Office Space Market by End User
11.1 IT and Telecommunications
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Media and Entertainment
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Retails and Consumer Goods
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Australia Flexible Office Space Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Hub Australia Pty Ltd.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Andcards Sp. z o.o.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Charter Hall Group
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 The Executive Centre Limited
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 IWG plc
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Desk Space
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 WeWork Companies Inc.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Workspace365 Pty Ltd.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Rubberdesk Pty Ltd
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Kings Business Park
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Flexible Office Space Market: Key Industry Highlights, 2018 and 2032
2. Australia Flexible Office Space Market: Key Industry Highlights, 2018 and 2032
3. Australia Flexible Office Space Historical Market: Breakup by Type (USD Million), 2018-2023
4. Australia Flexible Office Space Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Australia Flexible Office Space Historical Market: Breakup by End Use (USD Million), 2018-2023
6. Australia Flexible Office Space Market Forecast: Breakup by End Use (USD Million), 2024-2032
7. Australia Flexible Office Space Historical Market: Breakup by Region (USD Million), 2018-2023
8. Australia Flexible Office Space Market Forecast: Breakup by Region (USD Million), 2024-2032
9. Australia Flexible Office Space Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 7.8% between 2024 and 2032.
The market is driven by the growing popularity of remote work and high functionalities offered by such spaces.
The ability to create a conducive work environment with opportunities to connect with professionals from same or different fields is expected to aid the growth of the market.
The major regional markets are New South Wales, Victoria, and Queensland.
The types in the market are private offices, co-working spaces, and virtual offices.
Flex offices allow people to work in a private office space without the hassle of following traditional office.
The different end-users are IT and telecommunications, media and entertainment, and retails and consumer goods, among others.
The key players in the market include Hub Australia Pty Ltd, Andcards Sp. z o.o., Charter Hall Group, The Executive Centre Limited, IWG plc, Desk Space, WeWork Companies Inc., Workspace365 Pty Ltd., Rubberdesk Pty Ltd, and Kings Business Park, among others.
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