Co-working Analysis (Nov 2018)
Penetrating Through the Noise
- Our analysis studied over 450,000 square-feet of co-working space in Hong Kong
- Office rental surged 2.3x since 2003
- 24% increase in startup companies in Hong Kong over 2016
- Hot desk monthly membership ranges from HK$1,000 to HK$6,200
- Less than 13% of top 40 co-working spaces in Hong Kong have more than 1 Location
- By square-feet, more than 80% of the co-working space was opened on or after 2015
- Upcoming Asset-Light Expansion Collaboration that will change the landscape in Co-Working Space
