Australian Flex Space Report

Key points:

• After a period of consolidation, flex operators have started to grow in the Australian market again, accounting for 2.7% of stock.
• The market is now dominated by larger domestic and offshore operators, with the average size of facility rising in the last 12 months.
• About 70% of Australian occupiers have minimal exposure to flex space in their portfolios, although they intend to increase exposure over next 3 years.
• Occupiers want locations close to public transport with good amenities such as onsite food and beverage options and sustainable building features.
• Landlords are increasingly seeing flex space as a “must have” in their portfolio, as tenants are requiring more flexibility.