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Meanwhile, in the Asia Pacific, the demand for flexible spaces is on the rise, which is according to a new research.
The research conducted by real estate consultant JLL revealed the Asia Pacific’s growth in demand for flexible offices, including co-working spaces and serviced offices, is growing faster compared to other parts of the world. Having a growth of 35.7 percent per year, making the region higher compared to 25.7 percent in the US and 21.6 per cent in Europe.
Focusing on major coworking and serviced office operators in 12 Asia Pacific markets, the research showed the increase in floor space, with 150 percent between 2014 and 2017, and the number the number of major flexible space operators, which has doubled.
“By 2030, flexible work spaces could comprise 30 per cent of corporate commercial property portfolios worldwide,” Jeremy Sheldon, Managing Director, Markets & Integrated Portfolio Services, JLL Asia Pacific, said via Nation Multimedia. “Although corporate adoption is still in its early days, there are certain factors that will continue to make this region a hot spot for coworking growth.”
The research explained the factors of the increase, citing the role of the government and the plug-and-play simplicity of flexible office spaces.
On the government’s role, it said the government was able to encourage entrepreneurship in traditional industries, which are manufacturing, and are offering financial resources and backing for small companies.
On the other hand, larger companies saw the potential of the plug-and-play simplicity, making it a key driver in the growth in corporate demand. A lot of companies enjoy the convenience of having the ability to move in and out of an office space at short notice and without the fuss of complicated contracts. Moreover, businesses are looking for spaces that foster innovation and encourage collaboration among employees, giving a piece of the spotlight to shared workspaces.
“Some companies have even started their own internal coworking facilities, or have incorporated features of flexible space into existing offices to make the work environment more engaging. This helps to build a community feel and can be a differentiator when it comes to attracting and retaining young talent,” Susan Sutherland, Head of Corporate Solutions Research, JLL Asia Pacific, said via Nation Multimedia.
Despite the challenges of having a flexible office space, such as brand identity and culture, and the need to protect data, these types of offices are experiencing a high demand in the Asia Pacific. Being able to experience low costs, but with higher efficiency is now possible since serviced offices leasing Philippines is accessible.
The Philippines is known to be a hub for businesses looking for low cost properties and trained talents that are ready to work as soon as possible. When it comes to serviced offices in the Philippines, Ezy Outsourcing Hub helps companies move in quickly to serviced offices through office leasing and seat leasing, call 02-6571872 / +61 419 200 663 or email firstname.lastname@example.org.