Property News · April 16, 2019

Hong Kong co-working space too crowded, some operators may pull back in 2019, Savills says


Hong Kong has too many co-working spaces following rapid expansion in the sector, and some operators will withdraw from what has become a highly competitive market, industry analysts say.“There were too many operators coming to the city, all of a sudden,” said Ricky Lau, deputy managing director and head of office leasing at Savills Hong Kong.The global real estate services company believes 2019 will witness some pull back from the co-working concept. “It is still a bit too fast for Hong Kong,…

Source : South China Morning Post
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