Market Size of China Flexible Office Space Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Flexible Office Space Market Analysis
China Flexible Office Space Market is anticipated to register a CAGR of greater than 5 % in the forecast period.
The effect of COVID - 19 pandemic is very low on the market. Also , pandemic outbreak helped the market to emerge in virtual office sector with work from home, and hybrid working model strategies.
As the effect of COVID-19 is vanishing from china , the demand for flexible office space has increased . The working operators are looking for more acqusitions. The average occupancy rate for flexible office spaces currently is more than 80 percent. The flexible office space market is expected to grow more in forecast period due to increasing demand for flexible offices. China has recorded more number of merger and acqusitions post-covid in the co-working sector , this has increased the demand for flexible offices.
Flexible office space market is driven by increasing demand from Real Estate , Startup's ,Consultancies , SME's and others. However, large companies are also moving towards flexible office spaces, to reduce operational costs and enhance their employees productivity. Futhermore , Foreign investments flowing in the sector is enhancing the market. Co-working spaces is emerging as major sector in the market because they provide environment to build professional relationships and expand business operations.
