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Serviced Office Leasing in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Serviced Office Leasing Market Research Report | Specialist Engineering, Infrastructure & Contractors | Specialist Leasing | May 2014

Watch this space: The industry benefits from increasing workforce flexibility

IBISWorld’s Serviced Office Leasing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Christie Offices Christie Offices market share
Corporate Executive Offices Corporate Executive Offices market share
Regus Australia Regus Australia market share
Servcorp Servcorp market share
Industry Statistics & Market Size
Revenue
$520m
Annual Growth 09-14
3.1%
Annual Growth 14-19
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Profit
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Employment
1,650
Businesses
350
Industry Analysis & Industry Trends

The flexibility of serviced offices has galvanised the Serviced Office Leasing industry's position in the office property market. Clients have warmed to the concept of securing a prestigious office location without having to commit to hefty long-term lease arrangements and permanent staffing costs.

The onset of the global financial crisis and subsequent collapse in business confidence and private building investment took the industry from boom conditions to an abrupt halt. The magnitude of the correction in the late 2000s left in its wake a leaner and fiercely competitive industry that has steadily grown from the 2009-10 trough... purchase to read more

Industry Report - Starting a New Business Chapter

There are medium barriers to entry into the industry, the principal being the financial capacity to purchase or lease substantial premises for fitting out into serviced offices. Leasing prime office space incurs significant costs, especially since the appeal of serviced offices provides clients with a prestige address and flexible accommodation arrangements, at a fraction of the cost of traditional office leasing. As addresses get more prestigious, new players must have the equity available to acquire the floor space.

The four largest players in the industry account for about 36% of annual revenue but less than 10% of total establishments, which indicates the presence of some economies of scale, particularly with the acquisition of desirable premises... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Serviced Office Leasing Industry?

Companies in this industry rent or lease fully furnished office space to businesses on a part-time or as-needed basis. The industry also provides virtual office and conference room leasing options.

Industry Products
Serviced office servicesVirtual office servicesConference and meeting roomsVideoconferencing
 
Industry Activities
Administration and support staff Fitted-out office suites rentalVirtual office services rentalMeeting and conference room rentalVideoconferencing facilities rentalAdministration and support staff Fitted-out office suites rentalVirtual office services rentalMeeting and conference room rentalVideoconferencing facilities rental


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