Report | Adaptive Spaces
Asia Pacific Report - Asia Pacific Flex Space Market Bounces Back
May 31, 2022
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- Flex operators returned to growth in H2 2021 as an uptick in leasing volume brought an end to a phase of consolidation.
- Cautious growth is expected to continue in 2022 amid an increase in enterprise demand from tech firms and business services companies. Interest is also growing among financial companies, life sciences and consumer product firms.
- In response to evolving occupier demand, flex operators are increasingly providing a more diverse space offering, with changes being made to pricing models, centre networks and technology.
- Landlords are becoming more involved in providing flex options in their properties as traditional landlord-tenant approaches give way to partnerships, management agreements and owner-operator models.