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 ##ist . “It’s going to be interesting to watch over the next 12 months as we see new sites open in Sydney from the likes of WeWork, Hub Australia, Compass, JustCo, IWG, etc,” Mr Fleming said. Although demand is currently in decline in Sydney , larger international operators are offering lease and rent - free options in order to fill larger spaces that have opened recently before new supply comes on to the market over the next 12 months . 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 ##ist . Although demand is currently in decline in Sydney , larger international operators are offering lease and rent - free options in order to fill larger spaces that have opened recently before new supply comes on to the market over the next 12 months . The research found more clients are favouring private office space rather than pure co - working sites .