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Flexible Workspace Outlook APAC | 2020

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Occupier strategies for the new reality


In January, we predicted five flexible workspace trends to watch, including:

  • Enterprise outsourcing becoming mainstream
  • Highly amenitised assets with best-in-class hospitality being ‘table stakes’ for any new office development
  • A continued boom in wellness offerings;
  • A revival of suburban locations and further operator fragmentation

COVID-19 has accelerated these trends, while new trends – such as the integration of home as a place of work and the growing importance of the digital experience – have also emerged.

Key forecasts for the full year in 2020:

  • Overall demand for new space from flexible workspace operators in the region is expected to be less than half the level that we recorded in 2019
  • Demand is likely to be muted across major markets such as Singapore, Australia and China
  • In Hong Kong, we expect negative absorption by the end of the year
  • Bangalore, Delhi-NCR, Tokyo and Manila are expected to lead the demand for new space in 2020.

While these are challenging times, we see flexible workspaces adapting to the changing business environment by differentiating their products, incorporating more technology into their offerings and working together with occupiers and landlords to produce mutually beneficial accommodation strategies.

Download the Flexible Workspace Outlook for 2020 below.  


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Flexible Workspace Outlook APAC | 2020

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Related Experts

Jonathan Wright

Director | Asia

Enterprise Market Solutions | Flexible Workspace Services

Hong Kong

Jonny leads the Flexible Workspace Consulting team for Asia Pacific at Colliers, having founded the business line in 2015. Flexible Workspace Consulting works with operators, occupiers, asset owners and investors offering consultancy, advisory and transaction services to leverage the fast growing and dynamic sector.

 

Jonny has overseen over 2 million sq. ft. of flexible workspace transactions on behalf of operators and advised some of the largest asset owners in Asia Pacific on their strategy towards integrating flexible workspace and meaningful amenities in to their portfolios, while also supporting Colliers’ occupier clients in the sector.  

View expert

Sam Harvey-Jones

Chief Operating Officer | Asia Pacific

Sam is Managing Director of Occupier Services Asia at Colliers International.  With over 21 years corporate real estate experience and over 14 years in Asia Pacific, Sam has a demonstrated track record of delivering holistic global real estate solutions for corporate occupiers across the region. 

Sam spearheads the strategic direction and has overall responsibility for the growth of the Colliers Occupier Services business in Asia, including Corporate Solutions, Tenant Representation, Flexible Workspace Consulting, Workplace Advisory, Wellness Consulting, Lease Administration and Project Management. Having joined Colliers in 2015, he has implemented strategic business plans and strategies that have contributed to the successful growth of the division.  

Sam is a member of the APAC leadership team.  

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