APAC is the Fastest Growing Flexible Workspace Market in the World

APAC is the Fastest Growing Flexible Workspace Market in the World

updated December 20, 2018

Instant Group’s latest report on APAC shows how the flexible workspace market in Asia-Pacific has grown at a faster rate than any other location in the world, in recent years. The report illustrates how the supply of flexible workspaces has increased by over 50% over the past 12 months.

The Asia-Pacific region was late to the game for coworking (later than the US, UK and, Europe) however it has definitely caught up with its counterparts and is now up to date with global industry trends. At present, seven out of the 10 largest and fastest-growing global markets for flexible workspaces are in APAC.

Demand in the market is strong, largely influenced by a prominent startup culture coupled with increased investment in early-stage businesses. Asia is also home to five of the world’s top 10 countries for the longest commute times which indicates a strong need for a prominent coworking sector. In addition, interest from landlords and workspace investors alike accurately depicts that the market is indeed thriving.

The report states how “The forecast for Asia-Pacific’s flex market looks positive with pricing and enquiry numbers increasing and it does not appear that oversupply has outpaced customer demand.”

Supply of flexible workspaces in the regions key cities has grown consistently above 15% with the only inhibitor to growth being a lack of available space for expansion. A positive sign for the industry as a whole.

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