Market Insights: Australia's Flexible Office Space Market Report - Q3 2024
Everything you need to know about WeWork and Regus to help you choose the office that's right for your business.
There's a lot to consider when making the switch from a traditional leased office to a shared coworking space. Some essential questions include:
Of course, there are more factors at play than just these four. Using other variables such as value for money, facilities, experience, and more, here's the lowdown on two of the most prominent coworking operators in Australia: WeWork and Regus.
Founded over a decade ago in New York by Miguel McKelvey and Adam Neuman, Wework has since become a massive global entity. It has a whopping 800 locations around the world, including 20 premium serviced offices spread out across Sydney, Melbourne, Brisbane, and Perth. Overall, it manages over 4 million square meters.
Initially, the company aimed to create flexible shared workspaces for entrepreneurs, specifically those in the field of technology. Over the years, it's held fast to its vision of creating environments where people from various industries can join forces to do their best work. WeWork casts a wide net these days, but it still caters best to startups, freelancers, and businesses of all sizes with some WeWork locations having entire floors available for larger companies.
The company is perhaps best known for its particular aesthetic, which includes innovative architecture, modern layouts, and trendy common spaces. Many offices have glass walls, which is great for creating a communal feel. The end result infuses its coworking spaces with a casual coffee shop vibe. In fact, micro-roasted coffee, tea, and fruit water are free to patrons at every location — and some of them even offer beer on the house.
All of WeWork's facilities allow 24/7 coded access, and in the COVID-19 era, buildings have been further enhanced to increase sanitization, improve airflow, and make physical distancing easier.
Median Office Rate Per Person | $646 |
Median Coworking Desk Rate | $244 |
Flex Floorspace Available (sqm) | 12,490 |
Available Desk Capacity | 2,921 |
Rates Updated: July 10, 2024
See the full range of available WeWork offices.
As part of the collective of workspace brands owned by International Workplace Group, Regus is another powerhouse operation. Founded by the British entrepreneur Mark Dixon in 1989, the company now has a presence in 106 countries. It's one of the world's largest providers of flexible workspaces.
As far as its Australian offerings, Regus has 71 locations across Australia's central business districts, airports, and suburbs. The company oversees 608 serviced offices in all.
Although all Regus locations come complete with a coffee machine, the coffee shop vibe WeWork is known for is absent here. While WeWork puts the emphasis on making communal spaces, Regus focuses on creating corporate ones. Individual spaces are enclosed and private while providing all of the extras expected from a serviced office.
Regus's locations exude professionalism and class in every detail. As such, the company is particularly well-suited for legal and financial professionals. agencies, and large corporations. Business addresses and virtual offices are also available for companies that need them.
Regus puts particular emphasis on privacy and security, and its enhanced COVID protocols allow for further physical distancing in addition to its ramped-up sanitization efforts.
Median Office Rate Per Person | $767 |
Median Coworking Desk Rate | $430 |
Flex Floorspace Available (sqm) | 2,725 |
Available Desk Capacity | 1,247 |
Rates Updated: July 10, 2024
See the full range of available Regus serviced offices.
We look at a number of factors to help you compare these two serviced office operators and find the best office for your business.
WeWork | Regus | |
---|---|---|
The Skinny | WeWork has fast become one of the largest coworking platforms in the world. Known for its inspiring and innovative architectural designs, premium office space and global services, WeWork has effectively created a community that reaches a worldwide audience. | With private offices and coworking desks available in 71 locations across Australia, Regus offers a professional solution for those looking for affordable desk or office rates whilst still focusing on a corporate atmosphere. |
Prices | $$$$$ | $$$$ |
Style | Modern and trendy office layouts | Professional and corporate office layouts |
Vibe | Casual, relaxed & community driven | Professional, corporate, privacy-focused |
Space | Dedicated desks, Co-working memberships (WeWork All Access), Private offices, Suites, Enterprise Suites, Entire floors with private meeting rooms | Dedicated desks, Co-working memberships, Private offices, Suites, Enterprise Suites, Entire floors with private meeting rooms), Virtual memberships |
Best for: | Startups, Freelancers, Small business, Enterprise clients looking for a private floor, and those travelling interstate | Legal & financial professionals, Agencies, Frequent travellers, large corporates |
Locations | 15 premium centres located across Sydney, Melbourne, Brisbane, North Sydney, Perth, Brisbane, Pyrmont, Bowen Hills, Northbridge | 30 locations across Australian in CBDs, airports and the suburbs. Sydney, Melbourne, Brisbane, Perth, Canberra, Docklands, South Yarra, East Melbourne and more |
Available Offices on Rubberdesk | 166 | 142 |
Available Desks on Rubberdesk | 2,921 | 1,247 |
Meeting Rooms | 200 | 221 |
Virtual Offices | N/A | Business address, virtual offices and virtual offices plus |
Amenities | Turnkey Office Space Open desk & Private office Layouts Desks & office chairs Filing cabinets Lighting Privacy vinyl Air conditioned Reception desk with meet and greet Unlimited WIFI Printers & copiers Paper & pens Paper Shredding Incoming & outgoing mail service Mail & package, notification, sorting & delivery Unlimited tea & coffee Community network events |
Business grade WIFI Phone handset & lines Choice of furniture Workspace layout options Air conditioned Copier/scanner Printers Receptionist with meet & greet Dedicated business address with mail handling Free re-location Tea and coffee packages |
Access & Security | Keycard Activation / Deactivation with 24/7 Access Guest Management / Keycard Access Security Guards & Video Surveillance Fire & Safety Personnel Lift Access Private parking (by location) Wheelchair access |
24/7 security with code access Lift Access Private parking (by location) Wheelchair access |
Facilities | Conference Rooms Meeting Booths & Nooks Phone Booths Classrooms A/V Capability White Boards & Dry Ease Markers Furniture & Equipment Coffee machine Fridge Outdoor space Private bathroom Private eating area Private shower Shared kitchen Private showers (End of Trip) |
Breakout areas Access to meeting rooms Use of community meeting rooms (2hrs per day) Coffee machine Fridge Outdoor space Private bathroom Private showers Private eating area Private shower Shared kitchen Meeting rooms All facilities management & outgoing costs including electricity & water |
Extras | Additional fees apply for conference/meeting rooms beyond monthly available credits | Outgoing telephone calls if using handsets (Telstra standard rates) Printing/copying charged per page or bring your own printer A two-month retainer is required as a deposit which is fully refundable Unlimited tea/coffee (opt-out if not required) A one time office restoration service to restore the office upon vacating/moving office (carpet cleaning & repainting |
Privacy | Many offices have glass walls though frosting is available for those businesses with privacy concerns | Privacy is a major point of focus |
Customers | Slack, Puma, KPMG | Microsoft, Google, Toshiba |
Average Google Star Rating | 4.7 | 4.0 |
Authour: Tom Petryshen, VP Growth & Analytics, Rubberdesk
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