Market Insights: Australia's Flexible Office Space Market Report - Q3 2024

Why Corporates are Choosing Flexible Office Space

Why Corporates are Choosing Flexible Office Space

Explore a range of private offices perfect for corporate professionals. All are available now on Rubberdesk.

Coworking redefined

With the rapid growth in the coworking industry, the largest sector to make the switch to coworking is the Finance and Insurance industry. Corporations are ditching the traditional long-term leases of large office space and are enjoying the flexibility of coworking.

According to the CBRE Pacific Coworking Survey, the Finance and Insurance Sector are the largest occupiers of flexible office space accounting for 26% of survey participants.

Deutsche Bank, HSBC, and Bank of America are among some of the big players taking advantage of the revolution in the way we work and joining tech players like Google, Amazon, and Uber already using Coworking Spaces.

We understand that financial, legal, and professional services often need their own private offices where confidential calls can be taken and client anonymity maintained and Serviced Offices in Coworking Spaces offer just that. Perhaps for industries like these, the term "Coworking" should be refined to refer to:

Serviced Offices that offer privacy, ease of use, flexibility as well as cost-effectiveness.

Deskmag's annual report predicts that by the end of 2019, there will be an estimated 2.2 million coworking members around the world. This astounding figure makes sense following the entrance of the likes of WeWork and the hundreds of other coworking operators both within Australia and across the globe. By getting a multi-billion dollar valuation, WeWork not only contributed to the disruption of the coworking industry but raised a lot of awareness of this mode of renting and working.

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Why do businesses rent flexibly?

Photo: Unsplash Image

Compared to owning, leasing, and subleasing commercial office space, renting flexibly offers a number of advantages, typically at the expense of a higher monthly rent:

  • Agile teams need the ability to scale up or down their team size without significant penalties or obligations. For growing businesses, this is a big deal and allows them to keep their options open and scale relative to business demand.

  • Lean teams focus on getting down to business not managing infrastructure. A team without staff to manage facilities means the fit-out, maintenance, technology, and infrastructure as well as cleaning are all taken care of. Bliss.

  • Lower upfront capital commitment - often with just two months prepaid. Much less than guarantees and three-month bonds common with leases.

  • License agreements not leases. Typically less demanding, lower cost, and lighter weight than a lease agreement, most operators have their own flavor of agreement. No two agreements or situations are the same, so it's always worth getting advice.

So, Whether you're from the legal industry or a digital agency, coworking makes it easy to find office space that suits your business needs.

The Best Corporate Offices Available Now:

Sydney Office Space

With over 200 Offices available now across Sydney, there is an abundance of corporate offices ready for short or long-term lease now!

Level 17, Angel Place, 123 Pitt Street Sydney

Up to 20 people
Private Offices

175 Pitt Street Sydney

Up to 39 people
Private Offices

5 Martin Place Sydney

Up to 20 people
Private Offices

60 Margaret Street Sydney

Up to 40 people
Private Offices
Up to 52 people
Private Offices
Up to 20 people
Private Offices

Melbourne Office Space

Melbourne has over 200 corporate offices available! Located in and around the CBD, there are plenty of options out there to suit you and your businesses needs.

Level 1, 555 Collins Street Collins Street Melbourne

Up to 24 people
Private Offices
Up to 28 people
Private Offices
Up to 50 people
Private Offices
Up to 40 people
Private Offices

65 Dover Street Cremorne

Up to 20 people
Private Offices

10-20 Gwynne Street Cremorne

Up to 29 people
Private Offices

Brisbane Office Space

With around 100 offices available, Brisbane has office space perfect for corporates! With affordable prices, convenient locations, and flexible lease agreements there's guaranteed to be an office for you!

Up to 24 people
Private Offices
Up to 38 people
Private Offices
Up to 45 people
Private Offices
Up to 28 people
Private Offices

310 Edward Street Brisbane

Up to 33 people
Private Offices
Up to 37 people
Private Offices

Perth Office Space

Up to 22 people
Private Offices

Level 17, 2 The Esplanade Perth

Up to 20 people
Private Offices

3, 11 Lucknow Place West Perth

Up to 20 people
Private Offices

Level 17, 2 The Esplanade Perth

Up to 20 people
Private Offices

191 Saint Georges Terrace Perth

Up to 22 people
Private Offices

Adelaide Office Space

Other Industries

Unsure of which coworking provider to go with?

Here at Rubberdesk, we have some of the best Coworking and Managed Office Operators in the world who list their space. We've been busy collecting all the details about each of them in one place - so you don't have to do any leg work.

Frequently Asked Questions

What is a Serviced Office

A serviced office is an all-inclusive leased space that professionals and companies rent on shorter-term all-inclusive rolling contracts. The short-term lease lets the tenant grow or downsize as needed, without having to wait for the traditional multi-year lease to expire. As a tenant, you still get everything you might expect from a professional office space including security, cleaning, maintenance, and even parking.

What Is a Coworking Space?

Coworking spaces target individuals and small teams who need workspaces but are willing — and in many cases, actively want — to share. They usually work on a membership model, meaning that tenants pay a certain amount per month for access. Members can rent a dedicated desk, meaning they get the same space every time they come in, or choose a flexible plan that lets them use any available “hot desk” in the room. There may also be options for private offices, depending on the provider.

How does the Rubberdesk Platform work?

Rubberdesk is a peer-to-peer marketplace for office space. Owners (Hosts) list office space for rent on Rubberdesk themselves for potential Tenants (Guests) to view and enquire. Through the Rubberdesk platform, Guests enquire and request viewings of office spaces. This allows Hosts and Guests to meet and ensure the space and people are the right fit. When both parties are happy to proceed, there are simple licence agreements to review and sign

Local market experts with you every step of the way.

As specialist brokers in the flexible office market, Rubberdesk is across all the options, offers and availability. We have real time pricing for thousands of spaces listed by hundreds of providers to help find your next office.

It's EASY, FAST and FREE to use Rubberdesk.

Start by telling us what you need.

We'll give you a call back with a bespoke shortlist of options to discuss.

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