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Asia Office : Flexible Workspace – Here To Stay

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Globally and in Asia, demand for flexible workspace is rising. Over 2016 we expect flexible working operators to lease 20% more space in Hong Kong than Chinese groups took up in 2015; and they are expanding in Shanghai too. Landlords can expect higher demand for space, but must build relations with a new type of tenant. As occupiers, international flexible working operators should be competitive in Hong Kong and Singapore, but will find it tough to penetrate China. Landlords and investors alike should pay heed to flexible working operators’ business plans, since over-expansion is a risk.

Source : Colliers International

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