Big technology companies are leasing out surplus office space – enough to accommodate 6500 to 8000 staff nationally – as companies such as Atlassian and Salesforce rapidly reassess their workplace requirements.
The volume of sublease space available within tech sector properties has risen to 64,900 square metres, compared with 29,200 square metres a year ago, according to analysis by commercial agency CBRE.
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Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com