As workers return to the office, some Geelong-based businesses are seeking more flexible options than traditional long-term individual leases.

This emergent trend has lent itself to the growing popularity of more shared workspace facilities throughout the area.

Most notably, leading Australian co-working provider Workspace365 has committed to a 1,356sqm lease at 60 Moorabool Street, jointly owned by GMHBA & Quintessential Equity in Geelong’s Central Business District.

The 14-year lease will see Workspace 365 take up the entire fourth floor of the 9-level office tower, occupying the premium, A-grade office space from July 2022.

The deal marks a 65 per cent lease fulfilment overall within 60 Mooralbool Street, with Workspace365 joining GMHBA, Morris Finance and Employer Mutual Limited as current tenants.

Complementing 60 Moorabool Street’s existing premium fit out, Workspace365’s Geelong office will include 5-star end-of-trip facilities, multiple meeting and board rooms, breakout and collaboration spaces, a premium kitchen, and private offices that can accommodate one to 20 people.

CEO of Quintessential Equity Russell Bullen said “60 Moorabool is located in the heart of Geelong’s CBD and retail precinct and boasts beautiful views over Corio Bay. Designed by Cox Architecture, the state-of-the-art building provides businesses with a great working environment to attract and retain the best talent.”

The flexible space is perfect for businesses that are looking to be able to change their scope in an agile way without making a large scale financial commitment in the form of leasing or relegate themselves to long-term work-from-home setups.

Founder and CEO of Workspace365 Michael Benson says “Post-COVID, companies and individuals are re-assessing their office needs and we are now seeing a resurgence for quality, flexible workspaces, where businesses can take advantage of cost-effective solutions that allow companies to scale up or down as required.”

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