Co-working Space Booms in Hong Kong as Multinationals Seek Flexibility

Co-working Space Booms in Hong Kong as Multinationals Seek Flexibility

Co-working spaces now play host to a wide variety of end users, including both large companies and start-ups, providing an innovative new platform for these two distinct parties to interact, according to CBRE’s latest report The Evolution of Co-Working: Supporting the Emergence of The New Business Eco-System.

While co-working spaces had originally targeted start-ups and independent service companies, an increasing number of MNCs are tapping into this office solution as they look to build flexibility in their corporate real estate portfolios while leveraging the innovative and entrepreneurial spirit of co-working environments.

CBRE Research’s Asia Pacific 2017 Occupier Survey revealed that 64% of MNCs occupiers plan to use some form of third party office space, including co-working space, by 2020. Cost savings was cited as a driver, followed by leasing flexibility and collaboration.

 

To read the full survey and findings, please click here.