Coworking Space Brisbane

Finding Coworking Space in Brisbane

The city's coworking hubs are as diverse as their customer base and range from premium spaces in the city's top business addresses to low-key but amenity-rich coworking hubs in smaller communities. Currently, more than half of all coworking hubs are in the CBD, and especially within the Golden Triangle area - a highly sought-after location for legal and professional services firms. On the other hand, small businesses, entrepreneurs and startups tend to establish themselves in coworking spaces outside of the city centre, mainly in Newstead and Fortitude Valley.

Fringe locations like Toowong and Milton are emerging as a secondary sub-market in the metropolitan area, attracting freelancers and small companies to new and repurposed flexible workspaces. The same applies to suburban neighbourhoods, such as Upper Mount Gravatt and Eight Mile Plains, which offer a convenient location and affordable rates, with easy access and good transportation links.

Coworking Operators in Brisbane

Offering a range of collaborative workspaces and open office environments, Brisbane's top co working space operators are WeWork, WOTSO, Gravity, River City Labs, Fishburners, Little Tokyo Two, Business Depot, The Cove, Entrepreneur Haus, Lightspace, Prospect Studios, Christie Spaces, and The Hub.

Cost of Coworking Space in Brisbane

During 2017-2018, Brisbane coworking rates experienced one of the biggest price drops of all major Australian cities, reaching almost 25% and positioning the city's coworking hubs as the most affordable in the country. Average desk rates are half of the national average at approximately $465 / month. Outside of prime business locations, average desk rates are even lower in the $300 to $350 range for flexible desk memberships.

The Coworking Market in Brisbane, Queensland

Although the coworking market in Queensland's capital city is not as large or developed as in Melbourne or Sydney, the city benefits from a vibrant startup scene that has developed rapidly, overtaking those in other states like Victoria and New South Wales.

The origins of the coworking scene in Brisbane can be traced back to the early 2010s, when this type of space began to appeal to a few self-employed professionals and freelancers in select industries, such as graphic design and other creative professions.

By the mid 2010s, the city was home to several coworking spaces occupied by an increasingly diverse customer base, and some of them began catering to specific industry sectors, from tech to hardware development. By 2017, flexible office space represented more than 2% of Brisbane's total office stock, matching the figures for Sydney.

Current And Future Trends

Coworking expansion is likely to be supported by the growing number of self-employed individuals. The growth of the so-called gig economy is a reality in Queensland and goes hand in hand with an expansion of the coworking market.

The most noticeable trend points towards the oversupply of space, as many coworking and flexible space operators are taking advantage of the low costs of commercial real estate in the city to develop their projects. On the whole, Brisbane's coworking market is likely to mirror trends evident in the city's general office market, which has been greatly boosted by record investment levels and a surge in new office development projects.