Asia Pacific Infographics - From expansion to efficiency: Flex operators redefine their strategies in 2019
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 the following:
Raising occupancy: Attract new and repeat members, increase space densities, and shorten sales cycles to achieve desired occupancy of flexible space centres
Customising enterprise solutions: Target corporate occupiers and customise service and product offerings to cater to this demand
Form creative partnerships with landlords: Partner with landlords via management contracts to enhance agility in their portfolios