Demand for new office space in mainland China is expected to decrease in 2019, according to a report from CBRE. The real estate services firm predicts demand in the 17 major cities it monitors will fall to 5.4m sq from 5.3m sq m m in 2018. The nine largest co-working providers opened 125 new centres in 2018, adding capacity for 100,000 workers. While rapid growth in the sector resulted in some consolidation, and expansion is expected to slow this year, capital continues to flow into the top five brands. CBRE expects reforms passed in 2018 to increase foreign direct investment (FDI) in the country, boosting demand for office space in China.
Demand for new office space in mainland China is expected to decrease in 2019, according to a report from CBRE. The real estate services firm predicts demand in the 17 major cities it monitors will fall to 5.3m sq m from 5.4m sq m in 2018. The nine largest co-working providers opened 125 new centres in 2018, adding capacity for 100,000 workers. While rapid growth in the sector resulted in some consolidation, and expansion is expected to slow this year, capital continues to flow into the top five brands. CBRE expects reforms passed in 2018 to increase foreign direct investment (FDI) in the country, boosting demand for office space in China.