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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)

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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