But even then, spaces still needed to be more tenant-focused to drive loyalty and a sense of community, Mr Philipp said. Excess supply has pushed prices lower in all of Australia 's capital cities except Canberra , according to report by Office Hub . Sydney and Melbourne saw prices fall 40% and 10% , respectively. Canberra , where co-working has been slow to gain traction due to the dominance of government-related businesses, saw rates rocket 40% . Listings on Canberra jumped 25% to five while businesses shifting to flexible office space rose just 3% . Office Hub founder and CEO Melbourne said the emergence of international providers in Australia has been a game changer and predicted the market will double over the past financial year .
Excess supply has pushed prices lower in all of Australia 's capital cities except Canberra , according to report by Office Hub . Sydney and Melbourne saw prices fall 40% and 10% , respectively. Canberra , where co-working has been slow to gain traction due to the dominance of government-related businesses, saw rates rocket 40% . Listings on Canberra jumped 25% to five while businesses shifting to flexible office space rose just 3% . Office Hub founder and CEO Melbourne said the emergence of international providers in Australia has been a game changer and predicted the market will double over the past financial year .