MELBOURNE – US-based co-working space operator WeWork is looking to push deeper into the Australian market after opening its first Melbourne office.
It already has a Sydney presence and is reportedly looking for a second Melbourne site
New York-based WeWork targets technology workers, freelancers and entrepreneurs who rent individual work spaces or small offices.
“It’s no secret that we’re actively scouting for new opportunities in both Sydney and Melbourne to further our expansion,” WeWork Australia’s GM Balder Tol told The Australian, adding the group aims to be a major player Down Under in a few years’ time.
In Sydney, WeWork operates out of Martin Place and the technology hub of Pyrmont. Its new Melbourne office, occupies no less than six floors of the historic London Stores building. Occupying a so-called hot-desk costs $370 a month, while starting prices for private offices range from $730 a month for one seat to $6400 for 10.