Co-working on the rise in Adelaide, as major interstate players Cubes.Co and Tank Stream Labs open in Adelaide

A growing number of city-based organisations are choosing co-working spaces to access premium, centrally-located and cost-efficient workplaces, prompting major players in the sector to commence operations in Adelaide.

Interstate companies Tank Stream Labs and Cubes.Co are the latest companies to move into the city, with the latter investing more than $4 million to make the move into Adelaide.

Cubes.Co Group’s expansion will be across two sites – CreativeCubes.Co on Pirie Street and CorporateCubes.Co on King William Street – and will offer a holistic approach to working by prioritising wellness and access to a thriving ecosystem.

Meanwhile, Tank Stream Labs, a technology-focused co-working and innovation hub established in Sydney in 2012, will open in Adelaide later this year. It includes access to mentorship, resources and networking opportunities.

Both operators are leaders in their fields, offering not just premium office space with high-tech amenities, but also give Adelaide businesses opportunities to access partnerships, shared-learning and growth opportunities. They also serve as a launchpad into other markets through interstate and virtual networking.

Their decision to invest in Adelaide's co-working sector aligns with new AEDA data that reveals a growing demand for flexible workspace solutions in the city.

The research highlights a strong preference among businesses – particularly sole traders, partnerships and small teams – for flexible workspace solutions accommodating one to four desks.

AEDA Business and Investment Executive Manager Tiffany Katchmar says co-working spaces are imperative to the city’s business eco-system.

“Co-working spaces are a game-changer for startups and growing businesses in Adelaide because they help cut overheads and offer flexibility without locking into long leases,” Ms Katchmar says.

“They’re more than just a trend, they’re infrastructure for the next wave of business growth.”

According to the Australian Flexible Office Market Report, the co-working sector experienced significant evolution in 2024, marked by an increased demand for “adaptive” work environments.

It says co-working spaces avoid underutilised, expensive traditional office leases, while offering a market for expansion.

Ms Katchmar says businesses can also enjoy amenities like gyms, wellness studios, concierge services and fast Wi-Fi, adding to the appeal or co-working spaces.

“We are seeing a demand for even more sophisticated, luxurious and high-quality spaces to add to that enhanced city working experience,” Ms Katchmar says.

“Investors should be watching this space closely and, with more businesses set to enter Adelaide, the market is huge.”

Discover the co-working spaces across the city.

Cubes.Co is moving beyond Melbourne for the first time, bringing its nationally connected co-working communities to the heart of the city.

It is rolling out two types of co-working spaces - CreativeCubes.Co and CorporateCubes.Co (pictured below).

CreativeCubes.Co, at 30 Pirie Street, has been designed for startups and innovators seeking a flexible, tech-rich environment.

CorporateCubes.Co, at 100 King William Street, has been tailored for small and medium-sized enterprises and corporates after private offices, boardrooms, and professional meeting spaces.

Cubes.Co-Founder and Executive Director Tobi Skovron says the company’s next chapter in Adelaide is a testament to its progress nationally.

“(With) our footprint expanding into Adelaide…. we’re not just growing (but) we’re redefining how commercial property works for everyone, from landlords to members,” he says.

“The property game has flipped. Flex is no longer a threat – it’s the opportunity.

“And we’re here to lead that transformation.”

Cubes.Co Chief Executive Michael Benson says the company's investment of around $4 million into its Adelaide expansion shows confidence in the sector.

“In Adelaide, the demand for flexible workspaces has surpassed our expectations,” Mr Benson says.

“Expanding beyond Victoria for the first time is a significant move, and we’re confident our model meets the changing needs of how Australians want to work, and how landlords want to activate their assets.”

In the lead-up to opening, the business will host its own Shark Tank initiative where 10 desks will be provided for free to 10 startups for 12 months.

The arrival of Tank Stream Labs (pictured below) signals growing investor confidence in Adelaide as a place for innovation, growth, and national connectivity.

Tank Stream Labs, a technology-focused co-working and innovation hub established in Sydney in 2012, will open in Adelaide later this year.

It aims to foster a vibrant ecosystem for entrepreneurs and businesses, offering more than just physical workspace with access to mentorship, resources and networking opportunities.

Tank Stream Labs spokeswoman Tyarna Santin says the company looks forward to providing flexible, high-quality office solutions that fuel innovation, growth and connection.

“Our Pirie Street space is designed to be more than just an office - it’s a place where ideas spark, communities thrive and businesses scale,” she says.

“With premium facilities, collaborative meeting spaces, and an environment that champions entrepreneurship, we’re proud to offer a home for Adelaide’s next generation of startups, scaleups, and professionals.

“At our core, we’re about building real connections. We believe that when people are supported by great spaces and surrounded by like-minded thinkers, amazing things happen."

The arrival of Tank Stream Labs and Cubes.Co signals growing investor confidence in Adelaide as a place for innovation, growth and national connectivity.

Hub Adelaide will move into North Adelaide after completion of 88 O’Connell, while The Mill on Angas Street has significantly expanded its operations and moved into a new warehouse.

Currently, there are at least 33 co-working spaces within the city, with more set to open over the next year.

The number success stories that have started their business journey in co-working spaces also shows the sector’s strength.

Businesses that had their start in co-working spaces include MyVenue, Presagen, Fleet Space Technologies and Stone and Chalk.

Zoho, a multinational technology company with a software suite of more than 50 products to aid business productivity, entered the Australian market last year.

Before moving into its Pirie Street home, Zoho General Manager Australia and New Zealand Rakesh Prabhakar operated the global company from a co-working space.

He said he started with an office space for eight people at WOTSO WorkSpace Adelaide in Flinders Street, with the co-working space helping it with hiring.

As the team got larger, the company moved into its permanent office.

“The six months in the co working space helped us decide on the future office space we would need considering the rate at which we were hiring,” he says.

“Another benefit was in hiring as it helped us connect to the local talent pool.”

Find a co-working space or reach out to AEDA's Business & Investment team for more information.

Picture credits
Hero image: in. Workspace
Image 1: Blank Space co-working space
Image 2: Cubes.Co wellness spaces
Image 3: Tank Stream Labs