Report | Adaptive Spaces

Australian Flex Space Report

Flex Space in the Age of Hybrid Work

September 13, 2023 5 Minute Read

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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.