WeWork, the fast-growing, New York-based, leader in co-working office space, will open in Sydney later this year, first on Martin Place and then in Pyrmont.

The group, which opened its first community in New York's SoHo in 2010, now has about 50,000 members occupying near 500,000 square metres of space around the world, and is opening eight to 12 new locations a month.