Hong Kong flexible working spaces shut amid office market downturn

Coworking company The Great Room closes flagship site after less than one year

PAK YIU, Nikkei staff writer

HONG KONG -- Hong Kong's weak commercial property market is squeezing out coworking space operators as companies take advantage of the downturn to secure better deals on leases for conventional office space.

After opening its second location in the city last November, premium flexible working office operator The Great Room closed its flagship space in CK Hutchison's Cheung Kong Centre this month.

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