Flexible office operators are rolling out their expansion plans as companies get a better gauge of how much office space they need, after a torrid three years for the co-working sector following the pandemic, which last year sent global giant WeWork into bankruptcy.
Local players such as Hub Australia chief executive Brad Krauskopf are gaining confidence that the shake-out in the office market and the rise of hybrid working – one of the factors which brought WeWork unstuck in the US – can now be used to their advantage.