According to the latest JLL report, Singapore received the highest office absorption rates, with flexible work space accounting for 4.2% of total office space. The growth of flexible work space detention in Southeast Asia has been steadily growing at a pace in Asia Pacific, where flexible space has recorded an annual growth rate of 35.7% in the period 2014-2017, much higher than the United States (25.7%) and Europe (21.6%) over the same period.

JLL Vietnam forecasts that about 30% of the portfolio of companies by 2030 will be the coworking space. Although the original idea of ​​flexible space was created for freelance workers and start-ups, flexible work space operators are also changing their products to meet the needs of their enterprise customers.

Flexible work space has increased by 40% annually over the past 3 years

According to JLL, the key factors driving business demand for flexible space include: Flexibility to respond to changes in staff numbers; convenient services; facilitating team work and creativity; community-based activities and events, cost effectiveness.

The emergence of flexible work space saves renters more than traditional office space. As estimated by JLL, in Singapore, flexible work space can be as much as 50% cheaper than traditional office space. However, the density of staff in flexible space will be higher. And when adjusted for densities and similar costs, the cost gap between the two types of office is not much or nearly zero. In Singapore, when considering employee density, traditional office rents are only about 5% higher than flexible office space.

"There is no better place to witness the heat of office demand of technology companies and coworking in Vietnam," said Stephen Wyatt, general manager of JLL Vietnam. Vietnam is catching up quickly with other regional markets thanks to its young, dynamic, tech-savvy entrepreneurial class. JLL has seen a significant increase in demand from technology companies and coworking for three years and predict that this trend will continue strongly over the next five years."

Source: báo Cafebiz

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