A view of CirCO Coworking in District 4, HCM CIty.— Photo coworker.com The flexible office market in HCM City comprising co-working and serviced offices is among the fastest growing in the Asia Pacific, market researchers said. At a meeting with the media to report on the city property market in the first half of the year, CBRE said HCM City was one of the top three flexible office markets in the Asia Pacific. Of its total office space, flexible office accounted for 2 per cent at the beginning of this year, and would increase to 5 per cent by the end of this year, it said. The development of the market is owed to the diverse range of business models in Viet Nam, according to a CBRE executive. A representative of batdongsan.com.vn, an online channel providing information about the real estate market, told Viet Nam News the market had grown strongly and would further accelerate in future. It was no more a preserve of small companies with large foreign players having made an entry, he said, citing the example of the multinational Regus, which had opened 10 offices in the country. “The development of co-working space is an unavoidable trend since office space supply in big cities like Ha Noi and HCM City cannot meet demand. Besides, co-working is suitable for Vietnamese companies, who are mostly small and medium-sized enterprises.” The market would continue to grow in terms of quality as well as size, he said. Companies would not only… [Read full story]
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