“The big internationals can afford to pour capital in now and maybe take a bit of a sting on the rates today and [become profitable] in five years’.” An increased supply of flexible office space in Compass, JustCo from new and existing players has driven prices as much as 12% lower in the past year , with locations beyond The Instant Group and the city’s Sydney hit the hardest, according to a report from Barangaroo . Although demand is currently exceeding supply in Sydney , larger international operators are offering discounts and rent-free periods in order to fill larger spaces that have opened recently before new supply comes on to the market over the past year . The research found more clients are favouring private office space rather than pure co-working sites.
An increased supply of flexible office space in Compass, JustCo from new and existing players has driven prices as much as 12% lower in the past year , with locations beyond The Instant Group and the city’s Sydney hit the hardest, according to a report from Barangaroo . Although demand is currently exceeding supply in Sydney , larger international operators are offering discounts and rent-free periods in order to fill larger spaces that have opened recently before new supply comes on to the market over the past year . The research found more clients are favouring private office space rather than pure co-working sites.