Melbourne will soon be home to The Commons, Australia's largest co-working space.

The new space is set to open next month and will feature 96 shared desks, 19 private offices, a communal area, photography studio, green screen and recording studio across 1600 square metres in the inner-city suburb of Collingwood.

The incubator space has already successfully signed up a large music talent management group, along with creative agencies and tech startups.

Co-founder Tom Ye said that even without any marketing there has been a lot of interested generated through word of mouth and social media.

He says that he and business partner Cliff Ho have been really interested in the co-working industry for some time, and believe that providing inspiring work settings where creative minds can collaborate  allows them to produce great work.

The Commons will be the latest addition to Melbourne's thriving startup scene with co-working hubs like The ClusterInspire9 (for freelancers and creatives) and  York Butter Factory  running their own events focusing on workshops that educate and inspire the startup community.

Victoria has all the ingredients to become a global centre for startups, with a dynamic and thriving startup ecosystem, its creative excellence and high performing education system.

The Australian tech startup sector alone has the potential to contribute an estimated A$109 billion, or 4% of GDP.*

* "The startup economy: How to support tech startups and accelerate Australian innovation" 2013 PwC.