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Home News Business

China’s Demand For Hong Kong’s Coworking Spaces Increases

Chinese companies have been driving the demand for premium coworking spaces in Hong Kong's Central business district.

Emma AscottbyEmma Ascott
April 12, 2023
in Business
Reading Time: 2 mins read
A A
China’s Demand For Hong Kong’s Coworking Spaces Increases

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What’s going on:    

As pandemic restrictions in China and Hong Kong have been lifted, Chinese companies have been driving the demand for premium coworking spaces in Hong Kong’s Central business district, according to The Business Times.    

Why it matters:  

In March, The Executive Centre (the largest provider of flexible workspaces in Central’s premium buildings), noted a 500% surge in new leases compared to January, with approximately 70% being sourced from mainland China. 

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Hong Kong is increasingly becoming a hub for businesses from all types of industries, with technology, media and gaming being the main industries. 

Instead of looking for traditional offices, these firms tend to prefer flexible space to rent. 

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How it’ll impact the future: 

Due to the popularization of remote and hybrid working, coworking is a hugely desired option for workers who value flexibility. Hong Kong is one example of a city whose flexible office industry is seeing immense growth.

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Source: Business Times
Tags: Business
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Emma Ascott

Emma Ascott

Emma Ascott is a contributing writer for Allwork.Space based in Phoenix, Arizona. She graduated from Walter Cronkite at Arizona State University with a bachelor’s degree in journalism and mass communication in 2021. Emma has written about a multitude of topics, such as the future of work, politics, social justice, money, tech, government meetings, breaking news and healthcare.

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