An increased supply of flexible office space in Sydney from new and existing players has driven prices as much as 12% lower in the past year, with locations beyond Barangaroo and the city’s CBD hit the hardest, according to a report from The Instant Group. So they’re not in the market of discounting the rates,” he said. “Demand for office spaces is at an all-time high across Sydney, but demand outside of central business districts remains strong,” said John O’Connor, chief executive officer of The Instant Group, which operates more than 100 The research found more clients are favouring private office space rather than pure co-working sites.
An increased supply of flexible office space in Sydney from new and existing players has driven prices as much as 12% lower in the past year, with locations beyond Barangaroo and the city’s CBD hit the hardest, according to a report from The Instant Group. “Demand for office spaces is at an all-time high across Sydney, but demand outside of central business districts remains strong,” said John O’Connor, chief executive officer of The Instant Group, which operates more than 100 The research found more clients are favouring private office space rather than pure co-working sites.