87 Sydney Coworking Spaces
This unique business centre boasts luxury space with expert design. There is natural light pouring through the building, prioritising focus and creativity. Tenants find bespoke furniture and fittings throughout the centre. The refined design and stunning landmark architecture are locally renowned as a commercially significant business establishment,... More photos/details >>
This unique business centre boasts luxury space with expert design. There is natural light pouring through the building, prioritising focus and creativity. Tenants find bespoke furniture and fittings throughout the centre. The refined design and stunning landmark architecture are locally renowned as a commercially significant business establishment,... Read More >>
This newly renovated warehouse building in Mona Vale will let members escape the hustle and bustle of Sydney Central Business District while providing members with easy access to a multitude of amenities. This is an ideal coworking hub for any business looking for a plug n' play office space, featuring superb facilities and a unique and supportive... More photos/details >>
This newly renovated warehouse building in Mona Vale will let members escape the hustle and bustle of Sydney Central Business District while providing members with easy access to a multitude of amenities. This is an ideal coworking hub for any business looking for a plug n' play office space, featuring superb facilities and a unique and supportive... Read More >>
The business space offers office solutions in a professional and affordable environment. The office spaces are not only highly functional but also stylish, modern and attractive, guaranteed to impress clients and colleagues. The centre offers a variety of office spaces, including private offices of various sizes, collaboration spaces and meeting rooms. This... More photos/details >>
The business space offers office solutions in a professional and affordable environment. The office spaces are not only highly functional but also stylish, modern and attractive, guaranteed to impress clients and colleagues. The centre offers a variety of office spaces, including private offices of various sizes, collaboration spaces and meeting rooms. This... Read More >>
This exciting workspace brings flexibility to the job, providing tenants with options that suit their varying business needs. This location offers day passes, pass bundles, permanent desks, and office space. With 24-hour access, business-grade internet, a café on-site, and a rooftop for afternoon drinks, complimentary goodies in the kitchens include... More photos/details >>
This exciting workspace brings flexibility to the job, providing tenants with options that suit their varying business needs. This location offers day passes, pass bundles, permanent desks, and office space. With 24-hour access, business-grade internet, a café on-site, and a rooftop for afternoon drinks, complimentary goodies in the kitchens include... Read More >>
Rent Sydney Coworking Office Space BY THE BEACH at 339/341 Barrenjoey Rd in Newport, NSW. This beachside hub has an open plan layout with plenty of natural light, ultra fast internet and loads of perks. More photos/details >>
This exciting workspace brings flexibility to the job, providing tenants with options that suit their varying business needs. This location offers day passes, pass bundles, permanent desks, and office space. With 24-hour access, business-grade internet, a café on-site, and a rooftop for afternoon drinks, complimentary goodies in the kitchens include... Read More >>
This cool and creative workspace offers coworking, office space and meeting rooms. Expect all client's business needs to be met in one place, from kitchen amenities, break-out areas, business-grade internet and 24/7 access. If clients are looking to pursue the hybrid model or looking for something more permanent, this centre has got them covered. In... More photos/details >>
This cool and creative workspace offers coworking, office space and meeting rooms. Expect all client's business needs to be met in one place, from kitchen amenities, break-out areas, business-grade internet and 24/7 access. If clients are looking to pursue the hybrid model or looking for something more permanent, this centre has got them covered. In... Read More >>
This remarkable office space has everything needed for an efficient and productive team. Air-conditioned and fully furnished spaces provide ample room for movement, while multiple break-out areas facilitate group brainstorming sessions in bright, well-lit meeting rooms. A fast and reliable WiFi connection ensures that productivity is maintained at all... More photos/details >>
This remarkable office space has everything needed for an efficient and productive team. Air-conditioned and fully furnished spaces provide ample room for movement, while multiple break-out areas facilitate group brainstorming sessions in bright, well-lit meeting rooms. A fast and reliable WiFi connection ensures that productivity is maintained at all... Read More >>
The Coworking Market in Sydney, NSW
Coworking spaces are well-established within Sydney's commercial real estate market, and the city is home to some of the largest coworking hubs in the country. According to a 2017 report, approximately 30% of all coworking spaces in Australia are in Sydney. To get an idea of the scale, some coworking venues take up 16 stories in prime CBD locations, and some multi-location operators can accommodate nearly 200 companies.
Despite the impressive figures, Sydney is a relatively young market, since the first coworking hub only appeared in the city in 2009. But growth did not take long to become a reality: since shared and flexible office space is considered one of the major disruptors in the global commercial real estate market, a business hub like Sydney was set to be at the forefront of the coworking scene and was soon the place where the country's first coworking hubs emerged.
Sydney Coworking - Not Just for Startups
Sydney corporates are no strangers to the concept of coworking, and many choose this form of office accommodation due to the cost savings, which can be 25% lower than conventional office space. Local coworking spaces also accommodate some of the country's most successful tech startups, including Pocketbook and Go Catch, which is hardly surprising considering that the city has Australia's strongest startup ecosystem. The city's spaces cater to this diverse tenant base, ranging from high-end hubs with an executive flair to more informal venues.
Coworking Operators in Sydney
Main operators include WeWork the (largest provider with 25% of the total), WOTSO, YourDesk, ServCorp, Gravity, Tank Stream Labs, Spaces, The Bays, Office Space, and Tyro.
Cost for Coworking Space in Sydney
Towards the end of 2018, average desk rates were around $700 / month, making Sydney one of Australia's priciest coworking locations. Space in fringe locations can be more than 20% cheaper than in the CBD, although prices may rise as demand for non-CBD locations keeps growing.
Current and Future Trends
The local market has experienced a decrease in average rental rates due to increased competition, this being especially noticeable since 2018. However, Sydney experienced the lowest decline of all major sub-markets. Demand is strong and keeps growing in the CBD, especially in George, Clarence, Castlereagh, Spring, Kent, and Pitt Streets. Other established hubs in both central and fringe locations include Pyrmont, Barangaroo, Mascot, North Sydney, Chatswood, and Parramatta.
Further growth will be the main theme in the near future. International operators are eyeing Sydney and will bring in additional options with state-of-the-art services and amenities. Large scale developments already taking place in high-demand locations like Surry Hills, one of the fastest-growing sub-markets and popular with creative and digital occupiers.
Another trend to note involves cooperation and partnership schemes between corporates or educational institutions and coworking operators, whether it is through sponsorship or by encouraging the use of shared workspace among their employees, as is the case of well-known hubs like Fishburners, Stone & Chalk, and LaunchPad. This will contribute to the expansion of the city's coworking market and help companies of all sizes embrace the benefits of this office accommodation option.