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 Asian office stock in 2017 to 10%-15% by 2030 . The report cited JLL estimates that co-working spaces could grow from less than 1 per cent of Asean office stock in 2015 to between 10 per cent and 15 per cent in 2030. Developers in the region are teaming up with co-workspace operators or launching their own brands, while M&A activity is also increasing. However, the broker's note said the picture was uneven across the region's markets and warned co-working could suffer first in a business downturn.
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 Asian office stock in 2017 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. However, the broker's note said the picture was uneven across the region's markets and warned co-working could suffer first in a business downturn.