Publications

- July 1, 2018: Vol. 10, Number 7

To read this full article you need to be subscribed to Institutional Real Estate Asia Pacific

Co-working space grows in greater China

by Jennifer Molloy

Greater China’s co-working office sector has seen rapid growth and expansion, from a few large venues several years ago to 550 locations in key city markets at the end of first quarter 2018, according to Cushman & Wakefield’s latest report, Greater China Co-working Office Space.

According to the report, domestic operators currently dominate the co-working office sector, with 79 percent market share in mainland China’s first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen.

Strong fundamentals underpin the sector, notes Cushman & Wakefield, including:

An influx of capital from corporates and venture capital firms The rise of millennials and a new age of entrepreneurialism More multinational companies seeking flexible lease terms and cost savings Advanced technology spurring the co-working revolution

Because the sector is still in its infancy, however, the market is fragmented in some ci

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.