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Colliers expects demand from flexible workspace operators to rise to 10% of total office space until 2022. However, relative to other major cities, Tokyo’s…

Tokyo’s flexible workspace market remains highly fragmented with the majority operating independently in smaller and underutilized space in non-office buildings. Colliers expects demand from flexible workspace operators to rise to 10% of total office space until 2022 . However, relative to other major cities, Tokyo’s flexible workspace stock remains small, less than 1.5% of total office space available in Tokyo’s central five wards (C5W).

Occupiers have shown concern against the backdrop of a slowing global economy and US-China trade tension. We expect more firms to wait and see over the next 12 months, while 41% of occupiers plan to expand over the next three years. This is the third consecutive year in which we have conducted our Colliers Hong Kong Occupier Survey. This year…

Occupiers have shown concern against the backdrop of a slowing global economy and US-China trade tension. We expect more firms to wait and see over the next 12 months, while 41% of occupiers plan to expand over the next three years. 

This is the third consecutive year in which we have conducted our Colliers Hong Kong Occupier Survey. This year, we have collected responses from 363 respondents between 30 April and 15 June 2019 –a period which captures the most recent shifts in occupier sentiment caused by escalating international trade tension and local political tension. The majority of the respondents are domiciled in Hong Kong (53%), followed by companies from Europe (18%) and Asia (11%). Key sectors of the respondents include the Finance, Insurance and Real Estate (FIRE) sector (36%), sourcing and logistics (21%), retail and wholesale (14%) and Technology, Media and Telecoms (TMT, 11%).