China Flexible Workspace Market Outlook to 2025: Ken Research

The report titled, “China Flexible Workspace Market Outlook to 2025 – Driven by Rise in Co-working Supply and Shift towards Non-Rental Revenue (Concierge, Accounting, HR, payroll and Task Management services)” provides a comprehensive analysis of the Flexible Workspace Market in China. The Report covers the pain points, the need, Supply and Demand Analysis along with Revenue streams, Value Chain and Key Industry Trends. The report also focuses extensively on the Competition Scenario in the country and concludes with Future Scenario and analyst recommendations highlighting the key opportunities in the future.

China Flexible Workspace Overview and Size

High occupancy cost for Prime Office Space, Increase in the number of business entities and fluid business strategies led to the emergence of a flexible workspace market in China. Flexible Workspace operators in China have been constantly focusing on inorganic growth through acquisitions of smaller operators and businesses. This trend is slowly changing and there is an increase in focus towards sustainability and profitability. The supply in China Flexible Space market has been growing at a double-digit CAGR by space during the period 2016-2019. The market has been growing with the competition being highly fragmented owing to the presence of more than 1500 co-working operators in the industry.

China Flexible Workspace Market Segmentation

By Type of Flexible Workspace (Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Spaces)

China flexible workspace industry is highly fragmented and the presence of small operators have driven the supply of co-working segment whereas serviced spaces and the hybrid model is majorly built by bigger players such as WeWork (Enterprise Solution), Atlas Workspace (Office as a Service) and other players.

By City (Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu, Guangzhou and Rest of China)

Shanghai dominates the China flexible workspace market in terms of overall supply. Beijing, Chengdu and Guangzhou has been growing at the fastest pace due to the emergence of localized players. Since, the industry is at its nascent stage in Chengdu, Hong Kong and Guangzhou the average occupancy is lower in these cities.

By Type of End Users (Enterprise, MSME’s/Start-Ups and Freelancers / Self Employed)

Changing workforce and evolving business strategy has resulted in an increase in demand for flexible workspaces. Enterprises are leading the demand for flexible workspace industry followed by MSME’s/Start-ups and Freelancers/Entrepreneurs. Enterprises are following the ‘hub and spoke’ model wherein the corporate head office acts as a hub and flexible workspaces act as spokes.

Competitive Landscape in China Flexible Workspace Market

Regus, WeWork, MyDreamPlus, Distrii, Kr Space, SOHO 3Q, The Executive Centre, People Squared, Atlas Workspace, Servoffice, Compass Office are few of the major players in the industry. The industry is moving towards market consolidation as players such as Ucommune and WeWork with heavy financial backing are taking over small operators. The companies are shifting their focus from rental to non-rental revenue streams.

China Flexible Workspace Market Future Outlook and Projection

In future, it is anticipated that the China Flexible Workspace industry will experience decreasing supply-demand gap as the demand is expected to grow at a much faster pace in comparison to the supply. Companies will gradually shift focus from regional expansion towards sustainability and profitability. The companies will also increase focus towards improving the occupancy rate of the co-working spaces in the industry. Technological development and the provision of value-added services will drive the demand for flexible workspaces in China.

Key Segments Covered:-

By Type of Flexible Workspace

Serviced Spaces

Hybrid Spaces

Co-Working Spaces

By City

Shanghai

Beijing

Shenzhen

Hong Kong

Chengdu

Guangzhou

By End Users

Enterprises

MSME’s/Start Ups

Entrepreneurs/Freelancers

Key Target Audience

Flexible Workspace Operators

Office Brokers/Aggregators

Commercial Real Estate Companies

Venture Capitalist and PE Firms

Real Estate Consultant

Office Furniture Providers

ICT Providers

Time Period Captured in the Report:

Historical Period – 2016-2019

Forecast Period – 2019-2025

Companies Covered in the Report:

Flexible Workspace Operators

Ucommune

Regus

 WeWork

MyDreamPlus

Distrii

Kr Space

SOHO 3Q

The Executive Centre

People Squared

Compass Office

Servoffice

Atlas Workspace

Key Topics Covered in the Report:-

Need and Pain Points Leading to Emergence of Flexible Workspace Industry in China

Existing Gaps in China Flexible Workspace Market

Value Chain Analysis

Emerging Business Model

Revenue Streams

Organizational Structure of Flexible Workspaces

Marketing Strategies

Supply-Demand Analysis and Supply-Demand Gap Analysis, 2016-2019

Competitive Landscape in China Flexible Workspace Market

Supply-Demand Analysis and Supply-Demand Gap Analysis, 2019-2025F

Success Case Study

Analyst Recommendation

For More Information, Refer To Below Link:-

China Flexible Workspace Market Outlook

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