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 - Industry Locations Chapter
The distribution of establishments in the Serviced Offices Leasing industry corresponds with the geographic spread of Australia's population and economic activity. Serviced offices tend to be located in central business districts and close to highly populated areas, and therefore the industry is concentrated on the eastern seaboard. Together, New South Wales, Victoria and Queensland account for about 78% of industry establishments. Sydney, Melbourne, Brisbane represent the business hubs of Australia and each of the leading players have a substantial presence in these markets.
Over the past five years, there has been an emergence of serviced offices in Western Australia. The mining boom coupled with a rise in the state's population caused a surge in business activity in the state... purchase to read more