Premium hospitality-led coworking space, THE GREAT ROOM by Industrious, has opened its first Australian coworking space in Sydney, elevating the rapidly evolving sector with its sleek interiors and hospitality-inspired approach – and bringing its Asia-Pacific portfolio to 10 locations.
Reflecting the growing trend for Australian landlords to incorporate coworking into commercial office towers in collaboration with flex operators, the partnership aims to boost occupancy in the commercial office sector while delivering greater flexibility to major corporate tenants seeking to “right size” – effectively reducing their leased floorspace footprint, yet with the option to tap into flex space as needed.
Located on Level 29 at 85 Castlereagh Street in Sydney’s CBD, The Great Room by Industrious delivers a full floor of premium coworking facilities. Almost 70% of the floor was pre-leased, attracting companies from across the technology, property, financial and legal services sectors – an impressive feat given that occupancy rates for fully-operational flex spaces usually peak at around 70%.
Known for its premium interiors and place-making events and activations, The Great Room by Industrious is already making waves in Sydney’s evolving flex space sector. It offers a diverse range of flexible work options from hot desks, day passes, and virtual office services to dedicated offices for over 20 people.
Founded in Singapore in 2016, The Great Room has since grown to 10 prime locations in key cities across Asia, including Singapore, Bangkok, and Hong Kong. These locations are strategically placed in bustling neighbourhoods, offering unique design points of view to foster conversations and encourage collaboration.
According to leading commercial real estate agency CBRE, Sydney currently boasts the largest share of coworking spaces in the country, accounting for over 40% of all national stock with further growth expected over the coming years. The expansion by Industrious into Australia aligns with the increasing demand from businesses of all sizes seeking flexibility and collaboration opportunities.
For more information about The Great Room and its new Sydney location, please refer to the detailed press release attached.
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