Flexible space continues to proliferate across Asia Pacific, reaching a total footprint of 54 million sq. ft. as of March 2019, accounting for more than 3% of total office stock.
Shanghai still possesses the largest volume of flexible office space but Indian and Southeast Asian markets are recording the fastest growth.
As flexible space operators have already built critical mass for their service offering, CBRE expects 2019 to herald a shift in strategy from expansion to efficiency.
This will include a focus on raising occupancy, customising enterprise solutions and forming creative partnerships with landlords.