News of Hub’s expansion into the Brisbane market follows a report conducted by CBRE finding Australia ranks 7th in the world for co-working.
The report reveals more than half of corporate occupiers across Australia and New Zealand, which ranked 35th in the world with 62 listed operators, plan to reduce their footprint of traditional leased office space, and a push towards flexible workplace solutions.
CBRE outlines the APAC region is mooted for rapid growth in the co-working sector in the next five years, with China to become the largest market by 2022.
The addition of the Brisbane space brings Hub’s national footprint close to 20,000sq m across Brisbane, Sydney, Melbourne and Adelaide. Krauskopf said Hub intends to keep building the brand nationally and is aiming for three new sites each year in prime CBD locations.
Occupying a total of 3,900sq m, the co-working facility will accommodate up to 700 members and target a variety of business from start-ups through to larger corporations looking for flexible space.