The Rapid Adoption of Co-working Spaces in Asia
Co-working space has enjoyed tremendous growth in recent years, supported by the start-up boom. The Asia region has displayed a strong enthusiasm for shared workspaces and the region alone accounted for over one-third of all the available co-working spaces worldwide. According to CBRE, there are around 300 co-working spaces located in Asia Pacific cities including Hong Kong, Singapore, Shanghai, and Tokyo.
With the green trend taking hold in many countries, beautiful eco-friendly workspaces also have been popping up across Asia. Eastspring investments showed that Asia has seen a great increase in demand for green co-working spaces, with a growth rate of 150% over the last 3 years.
Singapore has seen a boom in green co-working space. O2Work, for example, features three-dimensional greenery and an ecosystem of plants. Nature and sustainability are the heart of their business. From the selection of building materials and furniture to the energy-efficient appliances and design layout, O2Work is dedicated to creating a clean, healthy workspace. SOHU indicated that O2Work’s occupancy rate has increased from 49% in February 2020 to 91% at the end of 2020. O2Work recently expanded and opened another 2 new co-working spaces, with an occupancy rate of 70%.
Meanwhile, CoCoon in Hong Kong incorporates sustainability in every aspect of its design. Bamboo flooring, low-energy LED lights, and drought-resistant plants make CoCoon’s space green and energy-efficient. The open and friendly space facilitates regular idea-sharing and brainstorming, encouraging members to engage with social responsibility and environmental entrepreneurship in their work.
Thus, the co-working sector has gained widespread acceptance and success in Asia. There is no doubt that co-working spaces will continue to see remarkable growth in the near future. In addition, due to growing awareness of environmental problems, Asia’s eco-friendly workspaces will soon become the norm rather than the exception. Green co-working spaces, as hubs of innovation and collaboration, are perfectly placed to pioneer innovative, eco-friendly solutions.
co-working shared office
Please subscribe to our newsletter if you want to know more about Chinese marketing. Leave your comments below to share your thought with us, and check out our thoughts on social media!
