Melbourne Flexible space snapshot

Soaring appetite for flexible space from corporate occupiers has seen Melbourne’s flex space grow by on average 34.4% per annum over the last three years. Take-up has been particularly prevalent in the Melbourne CBD, where traditional space vacancy is at its lowest in 30 years. Restrictive vacancy conditions across all of Melbourne’s tracked markets, in combination with shifting perceptions from major corporates, has supported the increasing utilisation of flexible space from all occupier types.

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