Excess supply has pushed prices lower in all of Australia 's capital cities except Canberra , according to research by Office Hub . Sydney and Melbourne saw prices fall 5 % 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 Office Hub jumped 8 % to 4,885 while businesses dedicated to flexible office space rose just 3 % . Office Hub founder and CEO Grant Philipp said the emergence of international providers in Australia has been a game changer and predicted the market will double over the next few years .
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 5% 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 Office Hub jumped 25% to 4,885 while businesses shifting to flexible office space rose just 3%. Office Hub founder and CEO Grant Philipp said the emergence of international providers in Australia has been a game changer and predicted the market will double over the next three years.