Paddock Offices expands coworking space to ‘prestigious’ Melbourne postcode

by Sophie Berrill
0 comment
Paddock Melbourne Breakout Booths

Paddock Offices is launching its first Melbourne coworking space this week, occupying a sprawling 1000 square metres on the seventh floor of 570 St Kilda Road, in the “prestigious” city-fringe postcode of 3004.

Paddock Melbourne is the third coworking space for Paddock, which has New South Wales locations in the Parramatta CBD and Edgecliff in Sydney’s east.

The decision to bring the concept south came as Paddock recognised that Melbourne’s “thriving business community” had a high demand for flexible workspace solutions.

“Paddock saw the opportunity to build a space carefully catered to successful and high-performing professionals,” says Paddock Offices’ business manager Angus Hannan.

“From designers and artists to doctors, lawyers and accountants, our mission is to support their growth and enable them to thrive in an ever-evolving business landscape.”

St Kilda Road

The St Kilda Road location links outer suburbs with the city and provides a city-fringe location on the doorstep of the CBD.

Paddock Melbourne’s amenities 

Parent company Rathdrum Properties acquired the building because the St Kilda Road corridor presented an appealing location, linking outer suburbs with the city and providing a city-fringe location on the doorstep of the CBD. 

Paddock Melbourne boasts city views, state-of-the-art business facilities and an abundance of natural light and amenities, including 71 desks across 14 suites and 20 hot desks. There are also meeting rooms, break-out spaces, end-of-trip facilities, toilets and a kitchenette. 

Hot desks

Paddock Melbourne features 20 hot desks.

PropTech software allows the team to manage these bookable resources, invoice for contracts, products and other charges, while also providing a directory of the Paddock community to encourage collaboration between members.

Designing workspaces for different neighbourhoods

While Paddock Offices maintains a cohesive look and feel across their locations, each space offers its own distinct set of amenities. For example, Paddock Melbourne’s large event space and podcasting suite sets it apart from the New South Wales offices.

“This approach allows Paddock to cater to the specific demands and preferences of the local market and provide tailored solutions to its members,” explains Hannan.

Paddock Melbourne’s design was “inspired by the neighbourhood” and completed by Concept Commercial Interiors in conjunction with Rathdrum’s project and design team. 

“The design-led project focuses on functionality with spatial diversity through areas for concentration, contemplation, collaboration and community,” Hannan says.

Paddock Offices kitchenette

The kitchenette at Paddock Melbourne.

Changing expectations of workplace amenities

Unlike other coworking businesses, Paddock was fortunate to not experience many setbacks during the COVID-19 lockdowns. This was largely due to its connection to Rathdrum Properties.

It gave the business a chance to recognise the economic hardships faced by professionals and then leverage its ownership of the properties to offer exclusive discounts and flexible arrangements to its members.

In the wake of the pandemic, Hannan, like many others, has observed a shift in workers’ expectations when it comes to workplace amenities, largely driven by the rise of hybrid work. The latest office occupancy survey by the Victorian Chamber of Commerce and Industry found 74 percent of Melbourne’s CBD office workers routinely attend the office two to three days a week.

End-of-trip facilities

Paddock Melbourne’s end-of-trip facilities.

“To meet these changing expectations, we believe that employers need to focus on providing dynamic and adaptable office spaces that foster collaboration, innovation and creativity during in-office days,” says Hannan.  

That’s where he says a coworking space could come in.

“Paddock’s facilities are equipped with state-of-the-art technology to ensure seamless communication and collaboration between in-house and remote team members.”  

Lessons from coworking for the traditional office

For facilities managers who still have to work with a traditional office, they don’t have to feel constrained. There are concepts to be borrowed from coworking.

The usual front-of-mind benefits include incorporating new technologies or designing spaces for collaboration to enhance the overall workplace experience.

Paddock Office meeting room

A meeting room at Paddock Melbourne.

Hannan also highlights a third, cost-savings advantage. 

“One of the greatest benefits of coworking spaces is your ability to control how much you spend month to month,” he says.

“In addition to having all the infrastructure and essential office equipment, you are not subject to unexpected overheads or energy cost fluctuations and no bank guarantees are holding up free cash for leases.”

Photography supplied.

FM tracked the rise, fall and rise again of coworking spaces in the wake of the pandemic in issue three of our digital magazine. Claim your three months free access to our digital archive here.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More