Property Daily Insights – Spring 2016

canvaGrowth Profile: Canva

Kaila Whitter, Editorial Assistant

Since launching its user-friendly graphic design app in 2013, Canva has rapidly become a heavyweight in the design world.  When my colleague Elyce Nicholls and I were invited to visit their headquarters in Surry Hills there was no chance of saying no.

In 2014, Canva leased its headquarters comprising of just 450sqm of open-plan space spread across a single floor in Sydney’s Surry Hills.  Since then, the tech company has leased a further two (2) floors in the same building and plan to take an additional floor within the next 12 months to fit their steadily increasing staff count (Canva add approximately four (4) new staff members to their team every month).  The organisation also has an office in Makati city in central Manilla, Philippines where it houses a team of over 40 and is operational 24/7.

If success continues and Canva outgrow the 1,800sqm available in the current building, then mapping out longer term accommodation options within close proximity to the company’s current premises is a likely option.

Canva’s own in-house architect / project manager / interior designer Shamal greeted my colleague and I and talked us through the design concept for each floor of the Canva office.  Shamal’s idea was to retain as much of the original 1940’s building structure that the company could, which was already open-plan with plenty of natural light.  When considering the office fit-out, Canva focused on local products and items that were able to be refurbished.

While Canva is in motion to raise even more capital as a way to further accelerate growth, it is a good opportunity for anyone working within the commercial leasing world to begin looking at the possibility of creating a firm relationships with tech start-up companies as an opportunity.  At Property Daily, we have seen many start-up tech companies experience phenomenal growth including Uber, Spotify and Sprooki.

To view the Property Daily full profile story on Canva’s growth in Sydney, click here. Not a subscriber? Register your interest in Property Daily.