Investors and landlords must re-evaluate their investment strategies in response to the agile revolution. This report by CBRE Research identifies and explains the key approaches and challenges for core, value-added, and opportunistic investors seeking to capitalise on the boom in flexible spaces.
- The rapid growth of flexible spaces, which expanded by 57% in 2017 in major Asia Pacific markets, is altering the structure of office leasing demand. In H1 2018 alone, 15% of office leasing transactions in the region involved flexible spaces.
- While less than half of coworking operators in Asia Pacific are profitable, larger and more established providers are performing well. Flexible space operators must ensure their business model is sustainable and can survive the next downward cycle.
- Selected transactions involving buildings with flexible spaces in major business districts show they do not command a significant premium over similar properties without flexible spaces. However, non prime buildings with flexible spaces can achieve a capital value premium of around 5-10% over similar properties without these spaces.
Flexible Space Infographics
Rapid Proliferation of Flexible Space in APAC
Investor Strategy Towards Flexible Space
Asia Pacific Coworking and Flexible Space Research Reports
APAC Agile viewpoint: Implications for Flexible Space: What's Next?
The Tokyo Flexible Office Market September 2020
The Future is Flexible: The Evolution of work and the office in Korea
The hotelisation of office space: New approaches to future proofing commercial portfolios
India Flexible Space Quarterly Digest H1 2019
Delivering Sustainable Growth: New Approaches for Flexible Office Providers
From expansion to efficiency: Flex operators redefine their strategies in 2019
From Expansion To Efficiency: Flex Operators Redefine Their Strategies In 2019
India Flexible Space Quarterly Digest Q1 2019
Can Coworking Save You Money? Comparing the Cost of Flexible Space and Traditional Office Leases
Pacific Corporate Coworking Survey The Future is Flexible