Co - workspace developers have raised their sights and begun to pursue bigger spaces , which could cause trouble for landlords , experts in Australia have said . " Others in the industry are concerned that large deals with weak leasing covenants could leave landlords highly exposed. The transition from soaking up small vacant locations to leasing large spaces and in some cases entire buildings creates a huge risk for landlords , according to Michael Cook , group executive for property at Investa . Cook ’s comments were echoed by others in the industry including Steve Smith of Kernel Property who said weak leasing covenants signed with SPVs could leave tenants highly exposed . Urwin warned that the market in Sydney would face a big test in early 2020 and Melbourne a little earlier and a lot harder due to the excess of available co - workspace sites .
Co - workspace developers have raised their sights and begun to pursue bigger spaces , which could cause trouble for landlords , experts in Australia have said . The transition from soaking up small vacant locations to leasing large spaces and in some cases entire buildings creates a huge risk for landlords , according to Michael Cook , group executive for property at Investa . Cook ’s comments were echoed by others in the industry including Steve Smith of Kernel Property who said weak leasing covenants signed with SPVs could leave tenants highly exposed . Urwin warned that the market in Sydney would face a big test in early 2020 and Melbourne a little earlier and a lot harder due to the excess of available co - workspace sites .