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Serviced Office Leasing in Australia Industry Data and Analysis
The Serviced Office Leasing industry has shown remarkable adaptability in response to structural shifts in workplace dynamics. The broader impact of work-from-home trends has reduced overall demand for office space as businesses increasingly embrace remote work to cut costs. However, serviced office providers have also benefited from rising demand for flexible office solutions, driven by companies adopting hybrid work models that require dynamic, scalable workspace options. This adaptability to evolving operational needs has been a key strength of service office providers. In 2025-26, industry revenue is expected to climb by 0.1% to $691.7 million, with annualised growth over the past five years at 1.7%. This reflects a new equilibrium between traditional office spaces and more flexible alternatives.
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What's included in this industry analysis
IBISWorld's research coverage on the Serviced Office Leasing industry in Australia includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released April 2026.
About this industry
What's this industry report about?
The Serviced Office Leasing industry in Australia operates under the ANZSIC industry code OD5147. The Serviced Office Leasing industry rents or leases fully furnished office space to businesses on a part-time or as-needed basis. Serviced office operators also lease virtual offices and conference rooms. Related terms covered in the Serviced Office Leasing industry in Australia include hot-desking, third-place environment, virtual offices, coworking space, hybrid work model and flexible leasing.
What's included in this industry?
Products and services covered in Serviced Office Leasing industry in Australia include Serviced offices, Virtual office services and Conference and meeting rooms.
What companies are included in this industry?
Companies covered in the Serviced Office Leasing industry in Australia include WeWork Australia, Regus Australia and WOTSO.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Serviced Office Leasing industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Serviced Office Leasing industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Serviced Office Leasing industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Serviced Office Leasing industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Serviced Office Leasing industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Serviced Office Leasing industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Serviced Office Leasing industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Serviced Office Leasing industry in Australia.
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Frequently Asked Questions
What is the market size of the Serviced Office Leasing industry in Australia in 2026?
The market size of the Serviced Office Leasing industry in Australia is $691.7m in 2026.
How many businesses are there in the Serviced Office Leasing industry in Australia in 2026?
There are 721 businesses in the Serviced Office Leasing industry in Australia, which has grown at a CAGR of 2.9 % between 2021 and 2026.
How may import tariffs affect the Serviced Office Leasing industry in Australia?
The Serviced Office Leasing industry in Australia is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Serviced Office Leasing industry in Australia?
The Serviced Office Leasing industry in Australia is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Serviced Office Leasing industry in Australia grown or declined over the past 5 years?
The market size of the Serviced Office Leasing industry in Australia has been growing at a CAGR of 1.7 % between 2021 and 2026.
What is the forecast growth of the Serviced Office Leasing industry in Australia over the next 5 years?
Over the next five years, the Serviced Office Leasing industry in Australia is expected to grow.
What are the biggest companies in the Serviced Office Leasing industry in Australia?
The biggest companies operating in the Serviced Office Leasing industry in Australia are WeWork Australia, Regus Australia and WOTSO
What does the Serviced Office Leasing industry in Australia include?
Serviced offices and Virtual office services are part of the Serviced Office Leasing industry in Australia.
Which companies have the highest market share in the Serviced Office Leasing industry in Australia?
The company holding the most market share in the Serviced Office Leasing industry in Australia is WeWork Australia.
How competitive is the Serviced Office Leasing industry in Australia?
The level of competition is high and increasing in the Serviced Office Leasing industry in Australia.
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