Australia’s coworking space boom is about to step up another notch with Singapore-based JustCo set to opening centres in Sydney and then Melbourne at the end of the financial year.
JustCo launched in September 2015 and its rapid expansion now has grown to 30 locations across six Asian nations, including Thailand, Indonesia, China, South Korea and Taiwan.
Australia is the seventh country, with four locations – two in Sydney and two in Melbourne.
The Sydney CBD site offers a 4,200sqm at 175 Pitt Street with capacity for 812 people.
Melbourne launches with four levels spanning 8,300sqm with capacity for 1,315 people at 15 William Street. Both sites open on June 29, followed by a second Melbourne venue – 4,000sqm on five levels with capacity for 780 people – at 276 Flinders Street two days later.
The second Sydney site, at 60 Margaret Street, offering 2,700sqm across two levels, opens on July 1.
Prices for a dedicated desk start at $500 a month while a private studio is priced from $800 monthly. Contracts are generally for a minimum 12 months and offer access to other sites when overseas.
JustCo founder and CEO Kong Wan Sing is pushing to double the company’s regional footprint in Asia Pacific.
“JustCo, has identified Australia as a key market with significant potential for co-working expansion,” he said.
“The concept of shared workspaces is rapidly increasing in demand and being adopted by a wide range of businesses from entrepreneurs to large enterprises”
JustCo’s client base includes Dropbox, Aston Martin, Volvo, Electrolux and Facebook.