​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. By breaking a large conventional floor space into smaller, flexible spaces with private offices, shared facilities, furniture, internet and electricity, owners have a much larger audience to market to. 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 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.