The pilot site at 44 Market Street in Sydney sees a whole floor converted into ten flexible suites with the capacity to accommodate six to twenty people - even more if suites are combined.
With a space ratio that is considerably less compact compared to most coworking or serviced office spaces, Dexus believe that SuiteX will provide the comfort and privacy of traditional office space with the community and services of coworking.
“The offer is a natural extension of our commitment to partner with our customers throughout each step of their property journey,” Dexus Head of Office and Industrial Leasing Chris Hynes said.
“SuiteX is the next step in evolving of our suite strategy that provides flexibility in space and tenure. It meets a need for quality workspace which doesn’t require the need for a long term commitment.”
SuiteX at 44 Market Street offers a central location, natural light, and views over the QVB building. Modular design, premium interiors and a demountable wall partition system are all present in the work space, thanks in part to the strong direction of renowned collaborators BVN Architecture.
Following the delivery of the pilot site, Dexus will explore how the concept can be implemented in other assets across the country.
Dexus ‘Dips its Toes’ in on the Coworking Trend
Dexus are the latest in a bevy of developers who are converting traditional office spaces into fully fledged coworking environments.
What started out as an affordable way for the hacker community to collaborate in ‘hackerspaces’ has become increasingly more mainstream in the commercial office marketplace. ASX-listed GPT Group launched its first flexible coworking venture, Space&Co. in 2014, whilst property funds manager Blackwall did the same with its WOTSO locations across Australia and Asia.
Coworking not only appears to be here to stay, but also looks to be growing, as more large developers such as Dexus diversify their existing portfolio.