​Colliers suggests a positive outlook for commercial property in Australia, however, an expected boom in co-working and shared office models will put downward pressure on rental prices and unsettle the market, according to Office Hub Founder Grant Philipp. "The market is going to be very volatile over the next few years as people are looking at their options more carefully than they have been before," he said. He believes Australian landlords could benefit from following institutional property groups in Asia that have altered their property mix to accommodate flexible workspace.
​Colliers suggests a positive outlook for commercial property in Australia, however, an expected boom in co-working and shared office models will put downward pressure on rental prices and unsettle the market, according to Office Hub Founder Grant Philipp. The complex and drawn out conventional leasing model will face headwinds, says Philipp, pointing to the greater flexibility, attractive, fast refits and more efficient use of space by shared office providers. He believes Australian landlords could benefit from following institutional property groups in Asia that have altered their property mix to accommodate flexible workspace.