Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Property Hong Kong's hybrid work spaces expand despite office glut Office rents in financial hub were down nearly 30% from April 2019 peak in Q3 Hong Kong's office market is in the midst of a supply glut but flexible space providers see opportunity. (Photo courtesy of The Great Room)
PAK YIU Nikkei staff writer December 14, 2022 11:45 JST | Hong Kong
HONG KONG -- Flexible office space operators are expanding in Hong Kong with an eye to capitalizing on changing work styles as the city emerges from pandemic isolation.
Their moves come despite a glut in office space fueled by new offices coming on the market and companies downsizing or leaving Hong Kong amid economic headwinds and strict COVID restrictions.
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