On 21 September 2021, several weeks ago, 'AFR' reported the entry of listed ABP into the co-working office space via a brand called Flex by Abacus (that) is being launched across 1200 square metres of space at 99 Walker Street, North Sydney, and 14 Martin Place in the Sydney CBD.
It also commented on how unlisted The Deague Group will have two offerings in Melbourne.
This was also in the article:
"...Across Australia at the end of August, there was 174,000sq m of available flex and co-working space in the major CBD markets, compared with 106,000sq m in November, 2019, an increase of 64 per cent, according to Rubberdesk..."
So competition seems to be intensifying, but SRV remains profitable.
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