Australia’s co-working market will undergo consolidation from next year, as players push for scale in the growing industry to meet increasing demand and to negotiate better deals with landlords, Hub Australia founder and chief executive Brad Krauskopf says.
Consolidation will not be immediate, as the still-evolving market will take a year to recover from the disruption that saw global giants such as WeWork and JustCo shake up the Australian co-working space by building up scale quickly, said Mr Krauskopf, whose privately owned company has just secured its fourth site in Melbourne and its eighth nationally.
