Asia’s Flexible Space Sector To Continue Growing
A new report from Colliers International has revealed that activity for Asian property markets remains strong and is expected to have a promising year ahead.
Despite economic uncertainty, trade issues between the U.S. and China, and ongoing protests in Hong Kong, areas such as Singapore, Tokyo, Shanghai and even Hong Kong remain unchanged.
These cities also maintain to be the top locations for the office sector as a whole, with Bangalore, Manila and Singapore expected to see an average rent growth of over 3% in the next three to five years. Occupier sentiment is strong in Beijing and Shenzhen thanks to technology and other sectors such as healthcare.
The Latest News
Delivered To Your Inbox
Flexible workspace operators remained one of the fastest growing sectors in Asia between 2017 and 2019. Despite challenges from major competitor WeWork, the industry is expected to continue flourishing. In the future, it is expected that collaboration between landlords and operators will become more valuable to remain sustainable and profitable.
Latest on Daily Digest