Hybrid-work patterns, and sackings, caused the amount of surplus office space at tech companies including Salesforce and Atlassian to double in a year.
enough to accommodate 6500 to 8000 staff nationally – as companies such as Atlassian and Salesforce rapidly reassess their workplace requirements.
While the number of tech sector sublease availabilities more than doubled, professional services firms and banks’ sublease availabilities decreased by 51 per cent and 18 per cent respectively. As of June, the banks and insurance sector only had slightly more availabilities – about 76,000 square metres – than the tech sector.
Outside Sydney, the trajectory of other capital cities’ subleasing availabilities decreased or remained steady due to less of a tech presence and a stronger return to office. Nationally, this led to a decrease of 7000 square metres in sublease availability from last year.is searching for sub-tenants at five floors of its 341 George Street office in Sydney.
NTT is also leasing out part of its Darling Park office, while Salesforce is subletting across two buildings. Salesforce is looking for sub-tenants at the Salesforce Tower as well as for a floor at the St Hilliers building in Sydney.
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