Skip to main content Skip to footer

Flexible Workspace Outlook APAC | 2020

Download Report
FlexibleWorkspace2020APACSiteHero1536x1040px

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.  


FlexibleWorkspace2020APACSiteSearch1024x972px

Flexible Workspace Outlook APAC | 2020

Download Report
Related Experts

Michael Bowens

Managing Director & Head | Asia

Enterprise Market Solutions | Occupier Services

Singapore

I've spent the past 19 years in Asia, with 7 of those years spent working in brokerage in Shanghai, China assisting MNC's who wished to establish or expand their China operations.

I have been based in Singapore since 2011 working in the Corporate Solutions division and more recently managing our Regional Tenant Representation platform team and providing strategic Real Estate advice to corporate occupiers all across the Asia Pacific region.

I currently lead the Colliers Technology Occupiers Practice Group for Asia

View expert

Rakesh Kunhiraman

Senior Director & Head | Asia

Research

Singapore

Rakesh is Head of Occupier Research for Asia. In this capacity, Rakesh partners with the Asia Occupier Services and Research teams to accelerate growth and increase Colliers’ share of voice in the sector.

Rakesh also leads Asia Occupier Research to deliver industry-leading reports, thought leadership, and enterprising insights to strengthen Colliers’ Occupier Services capabilities and offerings for commercial real estate occupier clients across Asia.

Based in Singapore, Rakesh has over 16 years of experience across the APAC and MENA regions in the occupier and investor space, specialising in research, development consulting, investment advisory, valuations, and transaction management. 
 

View expert