Coworking as a trend was introduced in Hong Kong not so long ago - in early 2016. Up to this time, it was already a successful movement in numerous countries all around the globe. Still, experts were quite sceptical regarding HK, thinking that the startup community there was not as large to sustain the demand for this type of workspace solutions. Yet, this assumption was not valid, and the coworking culture is now booming in the city. Shared offices are bright spots in the overall office market in Hong Kong, and the demand for them grows as the industry itself evolves. Traditionally, coworking venues rely solely on startups; still, it is not correct to the fullest when we speak about HK. Leaseholders in this location also count on corporate occupiers. Lots of large companies have already utilised collaborative stations in this location to their advantages. The main reason for that is that the collaborative units provide tenants with so much valued flexibility in modern times and allow them to spend less on rent, in comparison with the traditional office lease. Furthermore, there is no need to relocate to the particular venue in case the part of your team doesn’t need a permanent office space. The growth of coworking in Hong Kong is not only advantageous for occupiers, but it also opens the door for investors. Many workspace providers are looking for small and medium premises across the city nowadays to give way to more appealing office options.
