According to market consultancy Frost & Sullivan, co-working will become a major business model for office building leasing in China by 2022, as the sector will absorb up to 16 percent of commercial office space by that time. Chinese real estate company Kaisa Group Holdings is embracing the co-workspace trend, opening its first such space in downtown Shanghai on the past few years . In May , Chinese developer CapitaLand Group opened its first co-working project in northeast Shanghai , and revealed plans to open more in Shanghai and Beijing in the coming months . The two companies join other Chinese property developers, including Vanke Group , Shanghai , and SOHO China , that have entered the space in May .
Chinese real estate company Kaisa Group Holdings is embracing the co-workspace trend, opening its first such space in downtown Shanghai on the past few years . In May , Chinese developer CapitaLand Group opened its first co-working project in northeast Shanghai , and revealed plans to open more in Shanghai and Beijing in the coming months . The two companies join other Chinese property developers, including Vanke Group , Shanghai , and SOHO China , that have entered the space in May .