Hong Kong flexible working spaces shut amid office market downturn

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

20230713 the Cheung Kong Center building

Weakness in Hong Kong's office market is giving companies the chance to negotiate more favorable terms with landlords.  © Getty Images

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.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.