NewsCase StudiesEvents

Melbourne Ranks Third Largest Global Market for Flexible Workspace

Also in the news...

Import firewood into England, Scotland or Wales

Find out how to import firewood, such as logs and kindling, into England, Scotland and Wales (Great Britain).

How to check if you can delay customs payments and declarations

If you’re a business that currently buys goods from or sells goods to countries outside the UK, or are planning to trade with Europe from January 2021, HMRC’s new tool can help you identify ways you might be able to make the customs process easier for cheaper for your business. This short video shows you how to use the tool.

How can a customs intermediary or agent help me?

If you’re a UK business thinking about moving goods into or out of the UK , this video is here to help you understand how customs intermediaries or agents can help you. For more information have a look at the guidance available on

What are commodity codes?

If you're buying or selling goods abroad, you need to work out the amount of duty or VAT you owe. This short video tells you how to find out the ‘commodity code’ classification for your goods, using our Trade Tariff tool. Find out more on GOV.UK

What are controlled goods?

You’ll need a licence to import or export certain types of controlled goods. You may also need to pay extra duty in the UK. Unsure if this applies to your goods? This short video explains more about the types of goods that are classed as controlled. Find out more on GOV.UK

Melbourne Ranks Third Largest Global Market for Flexible Workspace

Back to News

More businesses are swapping the constraints of conventional office space for coworking and serviced options in Melbourne.

According to a recent report by Instant Offices, Melbourne currently ranks third among the largest markets for flexible workspace globally, alongside global cities like Tokyo, Paris, New York and London. With both corporates and SMEs looking for flex options in prime areas, demand outstripped supply last year, and enquiries for flex space rose by 19% against average supply at 16%.

Australia’s flexible workspace market is one of the most mature, but with interest soaring across cities like Melbourne, Sydney and Brisbane, demand shows no sign of letting up. Last year the market saw double-digit growth, with flexible options now representing up to 5% of overall space

Melbourne is on a similar growth trajectory to New York, which makes it Australia’s second most mature office space market. As the market grows, desk costs are set to reduce as more competitors enter the market, giving businesses even more choice when it comes to reducing costs.

A TimeOut Index survey had revealed Melbournerankssecond as both the world’s most creative city and the happiest city in the world. With an excellent quality of life, a strong economy, great weather, thriving business culture and general lifestyle attractions, the city also consistently ranks as one of the most liveable cities in the world.

Startup Genome lists Melbourne as one of the major startup ecosystems to watch, predicting the city will be among thetop 30global startup ecosystems within the next five years, alongside Moscow and Jakarta.

The fast-growing city provides support for scaling businesses as well as startups. With a diverse business community, a large talent pool and a strong relationship-driven culture, Melbourne is a highly sought-after international destination of creativity, innovation and opportunity.

Average Desk Cost in Melbourne


Average Desk Cost









St Kilda



Evolution of Office Space in Melbourne: More Relaxation Space Needed

The Instant Group Asia-Pacific Amenities Report highlights that the main amenities members want in a coworking space are:

  • 79%said relaxation space: a quiet, non-work space where employees can relax and unwind.
  • 65%said health services: either onsite drop-in clinics or private healthcare schemes.
  • 48%said exercise space: fitness classes or workout space rank third on the list.

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.