Brad Krauskopft shares that the Australian coworking sector has stabilized into a credible investment opportunity despite past challenges like WeWork’s rightsizing and Victory Offices entering voluntary administration. The local market also has multiple investment pathways including publicly listed operators like WOTSO, Servcorp, and London-listed International Workplace Group (IWG).

Some of the numbers shared, include WOTSO reported 6% revenue growth to $32 million across its 34 Australian locations, while Rubberdesk data showing an increase in national desk rates by 1.2% to $660 per desk with available space rising 0.9% to 158,355 sqm.

Rates in the 26-50 desk category jumped 12.4% in Sydney and 6% nationally, with IWG research indicating hybrid workers using coworking spaces two to three days weekly could save up to $5,892 annually in commuting costs.