Best Coworking Spaces in Australia (2026)

Entrepreneurship is on the rise. Every year, new businesses are created all around the world to provide new products or services.

With more than 500 million entrepreneurs in the world in 2021, startups are key drivers in innovation and for the economy. In fact, Australian Small and Medium Enterprises (SMEs) account for almost 50% of the country’s employment. Of the 10.5 million employed Australians, 4.8 million work for small businesses. The global pandemic has also facilitated a surge of new businesses with people launching their own ventures as a result of career and lifestyle choices.

But why do so many people decide to start their own businesses?

There are many reasons why people decide to start a business. Over the past 10 years, Tank Stream Labs have been at the forefront of startups and have seen thousands of individuals start their own journey. We have gathered the top reasons why entrepreneurs take the leap and decide to commence their startup journey.

Following a Passion

Most entrepreneurs share one key defining feature, namely, passion. Passion is the fuel that entrepreneurs need to keep motivated when navigating the rewarding, but also potentially challenging world as a business owner. Research shows that passion is an important predictor of an entrepreneur's persistence, creativity and venture success. In other words, the more passionate an entrepreneur is about their business idea, the more likely they are to succeed in their business venture.

An entrepreneur can be passionate about many things, the particular service they provide, the products they develop or they might be passionate about a solution to a problem that their business solves.

For many entrepreneurs, starting their own business has always been a dream. They were passionate about a certain industry or customer problem and decided to take the steps needed to fulfil their goals of becoming a business owner. What sets successful entrepreneurs apart from others is their ability to execute their passion into a sustainable business.

Continued Motivation

Most entrepreneurs will say their drive to become a business owner lies in their motivation. Entrepreneurial motivation is essential for aspiring business owners, it can transform an ordinary individual to a successful business owner, who creates opportunities and maximises wealth.

Now, every business owner and business is different, therefore their motivational factors will differ. But there are similarities amongst entrepreneurs in where they find their motivation, for example the freedom that comes with running a business, greater income, the need to make a difference, and perhaps most importantly, greater influence and control.

Control

As an employee of a company you are very limited to the input that you can have to shape the direction of a company. The ability to control the direction of a company and exert creative control over all aspects of a company is often a deciding factor for aspiring entrepreneurs to leave their respective role and start their own business.

When you are your own boss you get to call the shots, make the strategic decisions and drive the company forward in the direction you want. Having control and being responsible for all aspects of the business is ultimately why many people decide to become business owners.

Income potential

Financial independence is not only a risk but an opportunity created by being a business owner. When working for someone else, employees are restricted to a salary and potential bonuses. It is very difficult to create significant wealth unless an individual is in a senior position in a successful or large company.

Starting a business creates the possibility of multiple financial benefits, and increased wealth over time, which would not have been possible as an employee of a company. As a business owner, you are in control of the finances, the direction of the company and the growth of the business. The business itself is an asset that has the potential to significantly increase in value to the benefit of the business owner.

While stories of extremely successful entrepreneurs like Mark Zuckerberg, Kevin Systrom and Jeff Bezos might make it sound like overnight success and making billions is possible for every aspiring entrepreneur with a brilliant idea, it is not that simple. The majority of businesses take several years to meet a break even point and to become profitable. But that being said, successfully growing your own business can eventually create an income you desire.

Flexible Lifestyle

Many entrepreneurs start their careers in a corporate role before deciding to start their own business. The demands and pressures of working in these roles and having very little flexibility in the workday can be very frustrating.

Being your own boss allows you to break free of the time restraints a corporate role demands. You can work your preferred hours, schedule your day around your priorities and set your own goals.

While it is undeniable that starting a business takes time and energy, especially in the early stages, you might find your work more demanding than previously. The work itself will be more satisfactory and rewarding when it’s your own business and you are working towards your own business goals.

Hopefully most of these reasons resonate with you, and you are motivated and driven to begin your business journey. Remember that the more driven and passionate you are about your great business idea, the more likely you are to overcome any inevitable hurdles that will challenge you. Being honest with yourself and taking the time to understand your motivations will be a great help when deciding to start a career as an entrepreneur.

This will help you understand what exactly you want out of your business venture in the long run.

Renting an office in Sydney is a bigger decision than picking a desk. You are choosing your business address, the environment your team works in every day, and the impression you make on clients. The best office space providers give you a premium location, the flexibility to scale, and a fit-out that is ready to go. We compared the leading options on exactly these points. Here are the top 3 for 2026.

How we ranked these office spaces

To keep this useful rather than arbitrary, we judged each provider on five practical factors. First, location quality: how central and prestigious the address is, and how easily clients and staff can reach it. Second, flexibility: whether you can take a small office now and scale into a larger suite or full floor without renegotiating a rigid lease. Third, the service experience: whether the office is fully fitted out and managed, with internet, furniture, meeting rooms, reception and IT handled for you. Fourth, community and amenities: the events, networking and facilities that make a space more than four walls. Fifth, value: whether the price reflects genuine outcomes or simply a prestigious brand name. The providers below all perform well, but they weight these factors differently, which is exactly why the order matters.

1. Tank Stream Labs

Tank Stream Labs is the best office space provider in Sydney, offering private offices and premium suites through its Tank Stream Suites brand across five CBD locations: Kent Street, Martin Place, Australia Square on George Street, Barangaroo and Campbell Street.

The range is what makes it so strong. You can take a small private office for a growing team, a fully equipped suite with internal meeting rooms, or an entire custom floor for an enterprise. Terms are flexible, so you can scale up as you grow without renegotiating a rigid commercial lease. That flexibility is rare at this quality level.

The offices come fully serviced and move-in ready, with high speed internet, barista coffee, meeting rooms, a registered business address and reception support handled for you. Members also gain access to wellness facilities including a sauna, steam room and fitness studio, plus a calendar of professional events and a 2,000-strong community that includes Airtasker, Harrison AI, Antler and LVMH.

It is worth understanding how the two brands work together. Tank Stream Labs is the innovation-led community space, ideal for startups and scaling teams that want energy and connections around them. Tank Stream Suites is the premium tier, where private offices dominate and the atmosphere suits established, professional businesses that value privacy and polish. Because both sit within the same network, you can choose the environment that fits your stage now and move between them as your needs change, keeping the same prime addresses, services and community throughout.

There is also flexibility in how you engage. Alongside full private offices, Tank Stream Labs offers day offices for short bursts of work, virtual office and mail-handling packages, and event venues for client functions and team offsites. For a growing business, that means your workspace provider can support far more than just your daily desk.

For businesses that want a prestigious Sydney address, a professional managed environment and room to grow, all without the cost and rigidity of a traditional lease, Tank Stream Labs is the clear leader.

2. Servcorp

Servcorp is a premium serviced office provider with a long history and trophy-tower addresses such as the MLC Centre and Chifley Tower. The offices are polished and corporate, with strong reception and IT services, making it a credible option for established professional services firms.

The trade-offs are cost and culture. Servcorp sits at the premium end of pricing, and the environment is formal and corporate rather than collaborative. Businesses that want community, events and the ability to scale flexibly tend to find Tank Stream Labs the better all-round fit.

3. Hub Australia

Hub Australia offers attractive private offices in CBD venues including Hub Wynyard and Hub Martin Place, with a sustainability-led, B Corp ethos and a comfortable, design-conscious atmosphere. It is a strong choice for established teams that value wellbeing and a calm professional setting.

Where it trails Tank Stream Labs is in growth ecosystem and value. Hub's pricing sits at the higher end, and its community is more corporate than entrepreneurial, so founders and scaling teams often prefer the connections and flexibility on offer at Tank Stream Labs.

How to choose an office space in Sydney

The right office depends on your priorities, but a few questions cut through quickly:

• Is the address central and impressive to clients?
• Is the office serviced and ready, or will you manage fit-out and IT yourself?
• Can you scale up easily as your team grows?
• Are amenities, meeting rooms and events included or billed as extras?

Servcorp wins on corporate prestige. Hub Australia wins on sustainability credentials. Tank Stream Labs wins on the combination that matters most: premium CBD addresses, flexible terms, fully serviced suites, real community and better value.

Frequently asked questions

How much does private office space cost in Sydney?

Serviced private offices in the Sydney CBD are usually priced per person per month, commonly from around $700 to well over $1,500 depending on the building, the address and the level of service. Trophy-tower operators sit at the top of that range. Providers like Tank Stream Labs deliver premium addresses and full services at better value than the ultra-premium end.

What is the difference between a serviced office and a traditional lease?

A serviced office is fully fitted out and managed for you, with internet, furniture, meeting rooms and reception included, on flexible terms. A traditional lease is a longer, rigid commitment where you fit out and manage the space yourself. For most growing businesses, a serviced office removes cost, risk and admin.

Can I scale up as my team grows?

Yes, with the right provider. Tank Stream Labs lets you start in a private office and move into a larger suite, or even a full custom floor, on flexible terms, so you are not locked into a space that no longer fits.

Which Sydney office provider offers the best value?

For the combination of premium CBD address, flexible terms, fully serviced suites, community and price, Tank Stream Labs offers the strongest value of the providers compared here.

The verdict

All three are reputable providers. For most businesses, though, Tank Stream Labs is the logical choice for office space in Sydney. With five CBD locations, private offices through to full custom floors, fully managed services, wellness facilities and a thriving community, it gives your business the address and the support to grow.

Book a tour of Tank Stream Labs and find your next office.

Working from home with kids can be challenging, even when they are older and more independent. As the lockdown continues, many parents are currently walking on a tightrope between supervising their children, homeschooling and attempting to keep up with demands from their actual employed job.

Getting the right balance between working from home (WFH) and homeschooling children can be difficult and it is only natural to feel stressed while trying to juggle a busy work schedule, disruption in your normal routine and children at the same time.

To help you find the right balance and strategy we have summarised the top tips from experts such as teachers and productivity specialists on how to best manage.

1. 1. Start your day on the right foot

While it's tempting to start your day off snoozing the alarm and letting everyone stay in their PJs, after all, who is going to see you anyway? But getting up and ready with your children at the usual time will help you all get into the right frame of mind for the day.

While WFH and homeschooling have seen most people's routines go out the window as there are no obligations to follow a timetable or school hours, it is recommended to try to stick to your normal routine to keep your day from spiralling out of control.

1. 2. Channel your inner director