Spotting the opportunities: Flexible Space in Asia Pacific
Flexible space is reshaping the way people think and respond to real estate. Our latest research examines the evolution of flexible space industry in China and Asia Pacific; looks into what's really driving the demand; and explores future trends that may impact the evolvement of flexible space in the region.
Flexible Space in Asia Pacific
While the flexible space market in Asia Pacific started slowly, over the past three years, the number of major operators in Asia Pacific have more than doubled – as has the overall stock of floor space. In fact, flexible space in Asia Pacific is the fastest growing region in the world.
Asia Pacific has some unique characteristics that will differentiate the evolution of flexible space in the region from the rest of the world.
Flexible Space in China
Since 2015, flexible space has been evolving rapidly in China; and the recent growth of the co-working space rollout has been phenomenal, leading to an office market reformation across the country. Research from JLL shows that flexible space has effectively contributed to the net take-up of China’s Grade A buildings in the past two years.
We see a sector in its own right, growing in size and importance to both building owners and corporate tenants.