Co-working across Asean markets is robust, supported by a growing gig economy and multinationals' preference for flexible leasing terms. A report by Maybank Kim Eng, which cited a JLL report, also predicted co-working space could grow from less than 1% of Asean office stock in 2015 to 10%-15% by 2030. Stay updated with BT newsletters Developers in the region are teaming up with co-workspace operators or launching their own brands, while M&A activity is also increasing. The global market for shared offices has been estimated at $US1 billion ($A1.24 billion) per year - more than double that of traditional offices.
Co-working across Asean markets is robust, supported by a growing gig economy and multinationals' preference for flexible leasing terms. A report by Maybank Kim Eng, which cited a JLL report, also predicted co-working space could grow from less than 1% of Asean office stock in 2015 to 10%-15% by 2030. Developers in the region are teaming up with co-workspace operators or launching their own brands, while M&A activity is also increasing. The global market for shared offices has been estimated at $US1 billion ($A1.24 billion) per year - more than double that of traditional offices.