Australia Flexible Office Space Market Size

Statistics for the 2023 & 2024 Australia Flexible Office Space market size, created by Mordor Intelligence™ Industry Reports. Australia Flexible Office Space size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Australia Flexible Office Space Industry

Australia Flexible Office Space Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2021 - 2022
CAGR > 8.00 %
Market Concentration Low

Major Players

Australia Flexible Office Space Market Major Players

*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and its growth?

Australia Flexible Office Space Market Analysis

During the time frame of the forecast, the Australian flexible office space market is expected to grow at a CAGR of more than 8%.

  • The growth of large tech companies in Australia is a key sign that flexible office spaces should be bought.Twitter, Apple, Amazon, and Atlassian are becoming buzzwords in the property world. These companies are taking up significant amounts of space in the leading Australian property markets. Many companies implemented business continuity plans, with post-COVID-19 options being considered and implemented. When considering a post-COVID-19 company plan, choosing flexible office premises and working hours is essential. Post-pandemic, co-working spaces will gain huge demand.
  • Since flexible working has become more common, people are less likely to work in the city center and more likely to look for work-near-home options. Employees save time and money on travel and have a better balance between work and life. Companies get an edge when it comes to attracting and keeping top talent while making CRE more efficient. This scenario is being played out across Melbourne, with demand for flexible workspace doubling in 2021 compared to 2020 in popular suburban regions such as Box Hill, Hawthorn, Heidelberg, and Richmond. After the recent openings of centers in Richmond and on St. Kilda Road late last year, a new site in Balaclava is planned to open in 2024, becoming their third city-fringe location.

Australia Flexible Office Space Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)