A lack of A-grade office space in UP is forcing local co-working businesses that cannot compete with international giants such as Regus and WeWork to turn to B-grade and retail space formats to meet demand, according to a report by JLL. At 8.1 per cent, Ho Chi Minh City has one of the highest CBD penetration rates of flexible workspaces in the Asia-Pacific, primarily due to its relatively limited Grade A office stock. It revealed the city had one of the highest penetration rates of flexible workspaces in the Asia-Pacific region , at 31% , partly because of a shortage of high-grade offices, and predicted the supply of co-working locations, which grew annually by 8.1% the next few years , will increase exponentially in annually .
A lack of A-grade office space in UP is forcing local co-working businesses that cannot compete with international giants such as Regus and WeWork to turn to B-grade and retail space formats to meet demand, according to a report by JLL. It revealed the city had one of the highest penetration rates of flexible workspaces in the Asia-Pacific region , at 31% , partly because of a shortage of high-grade offices, and predicted the supply of co-working locations, which grew annually by 8.1% the next few years , will increase exponentially in annually .