Discussions Β» π₯ What new product is eating serviced offices lunch in Australia? (π Visit source)
John Preece from Hub Australia is successfully "stealing" my job by superbly summarizing another industry report, this time from Colliers.
In the report we get a new term "Hybrid-Flex", how this category grew by 17% by eating into what was traditionally "service offices". Also, 70% of tenants considering a new lease demand some form of flex options in the buildings. Landlord flex has (almost reluctantly) grown by 23% since last year. And the number of management agreements in Australia is up 2.2x since 2019.