The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Urban Leader Awards Logos RGB White
EARLY BIRD ENDING THIS THURSDAY START YOUR NOMINATIONS TODAY
EARLY BIRD ENDING THIS THURSDAY URBAN LEADER AWARDS
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
29
print
Print
OfficeMon 09 Apr 18

Co-Working Operator Hub Expands into Brisbane

f3b44773-8539-489a-ae05-b5fa65f63117

Hub Australia has expanded into the Brisbane market, securing a 10-year lease on an Adelaide Street heritage complex.

The new Brisbane site marks the seventh location for the privately-owned co-working company.

Hub Australia’s chosen site, at 200 Anzac Square is a 3,900sq m space with the company planning to occupy three levels of the building.

Co-working space across Australia has grown by 62 per cent last year, and 300 per cent since 2013, according to Knight Frank research.

Melbourne dominates the demand for co-working space with almost 50 per cent of the total volume across Australia, followed by Sydney at 38 per cent, Adelaide at 5.38 per cent, Brisbane at 3.51 per cent and Perth at 3.49 per cent.

Brisbane only represents a small portion of the market while containing 13 per cent of the national CBD office stock, according to Hub Australia.

Hub Australia founder Brad Krauskopf says the statistics informed Hub’s move into Brisbane, taking advantage of the under-serviced demand in the city’s co-working market.

“Brisbane is transforming into a business and innovation hub, with economic growth on the rise due to continuing population growth spurred by great employment opportunities and the attractive lifestyle offering,” he said.

The news of Hub’s expansion into Brisbane comes as New York-based co-working giant WeWork revealed plans last month for a possible Brisbane location. The company already has two spaces based in Sydney and Melbourne.

After starting as a small co-working space in Brooklyn WeWork has grown to 207 locations across 65 cities.

Hub Australia’s Brisbane news also follows recent announcements regarding new locations in Melbourne, including 162 Collins Street and 1 Nicholson Street measuring 3,500 square metres and 2,700 square metres respectively.

Hub Australia also opened a new 4,800 square metre Sydney space at 223 Liverpool Street, taking company’s national footprint to over 20,000 square metres.

Hub Anzac Square is expected to open in late 2018.

OfficeAustraliaBrisbaneSector
ADVERTISEMENT
TOP STORIES
Exclusive

New Wave of Capital Washes Over Evolving Surf Park Sector

Phil Bartsch
11 Min
North Sydney TUD Plus HERO
Exclusive

NSW Housing Fix Tips North Sydney into New Era

Vanessa Croll
7 Min
 GemLife site Currumbin Waters EDM
Exclusive

Pop-Out Apartments Power GemLife’s $450m Vertical Experiment

Clare Burnett
6 Min
Scape's Gurrowa place artist impression
Exclusive

Red Tape Blocking PBSA Housing Crisis Help, says Sector Pioneer

Leon Della Bosca
5 Min
Rob Stokes on Faith Land Housing Opportunities across australia
Exclusive

Salvation at Hand: Why Ex-MP is Championing Faith-Based Land Development

Renee McKeown
6 Min
View All >
The latest WA Government initiative is a $75 million Build to Rent Kickstart Fund adding to its 50 per cent land tax exemption for build to rent developments.
Build-to-Rent

WA Adds $75m Loan Boost to BtR Build Incentives

Renee McKeown
Residential

Buxton-Backed Roulston Sells Out Malvern Projects in Muted Melbourne Market

Taryn Paris
Build-to-Rent

Local Residential Adds Nation’s Biggest BtR to Portfolio

Lindsay Saunders
The addition of the Gold Coast precinct makes the platform the largest in the Australian sector...
LATEST
The latest WA Government initiative is a $75 million Build to Rent Kickstart Fund adding to its 50 per cent land tax exemption for build to rent developments.
Build-to-Rent

WA Adds $75m Loan Boost to BtR Build Incentives

Renee McKeown
3 Min
Residential

Buxton-Backed Roulston Sells Out Malvern Projects in Muted Melbourne Market

Taryn Paris
3 Min
Build-to-Rent

Local Residential Adds Nation’s Biggest BtR to Portfolio

Lindsay Saunders
2 Min
Retail

Woolworths-Anchored Asset Changes Hands for $44m

Lindsay Saunders
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/co-working-operator-hub-expands-into-brisbane-