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 .
A lack of A-grade office space in Ho Chi Minh City 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 8.1%, partly because of a shortage of high-grade offices, and predicted the supply of co-working locations, which grew annually by 31% between 2014 and 2017, will increase exponentially in the next few years.