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Hub operators step up for 2024 after WeWork buckles

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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.

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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

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    Original URL: https://www.afr.com/property/commercial/hub-operators-step-up-for-2024-after-wework-buckles-20240101-p5euhq