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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 | Jul 2015

Lease up: The industry benefits as businesses increasingly seek flexibility

IBISWorld’s Serviced Office Leasing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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
$370m
Annual Growth 11-16
4.8%
Annual Growth 16-21
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Profit
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Employment
1,755
Businesses
356
Industry Analysis & Industry Trends

The Serviced Office Leasing industry has gained favour with an increasing number of businesses over the past five years. The flexibility of serviced offices has strengthened the 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 industry is catering to client desires by offering prime real estate instead of poorly maintained offices in mediocre locations.

The onset of the global financial crisis and subsequent collapse in business confidence and private building investment contributed to the industry's revenue losses over the three years through 2010-11... purchase to read more

Industry Report - Starting a New Business Chapter

There are moderate barriers prohibiting entry into the industry. The principal barrier is 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 almost 60.0% of annual revenue but less than 10% of total establishments. This indicates the presence of 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 the 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 rental


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