Property News · September 5, 2019

Will Hong Kong protests, US-China trade war come to the rescue of city’s oversupplied co-working spaces sector?


Co-working space operators in Hong Kong could actually benefit from the ongoing anti-government protests, as well as the US-China trade war, according to industry experts.The sector, weighed down by surging supply, has reported cuts in daily, monthly and yearly access rates, in some cases as steep as 50 per cent, as well as rent-free periods that extend to three months in some instances.“Over the last two years … as foreign work space brands kept setting up shop in Hong Kong, mainland [Chinese]…

Source : South China Morning Post
Read more…Will Hong Kong protests, US-China trade war come to the rescue of city’s oversupplied co-working spaces sector?

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