2024 Hong Kong Flexible Office Market Report | Trends & Analysis

Executive Summary

The Hong Kong flexible office market demonstrated significant demand growth in 2024 despite prevailing challenges in the broader commercial real estate sector.

Data indicates a notable increase in flexible workspace locations and inquiries from companies seeking such solutions. Serviced offices and coworking spaces maintained their dominance in the market, with a strong preference observed for private office setups within the flexible framework.

While the overall office market experienced headwinds such as high vacancy rates and declining rents, the flexible office segment showcased resilience and an increasing appeal to businesses seeking agile workspace solutions.

This report delves into the supply and demand dynamics, pricing trends, tenant preferences, and future outlook of the Hong Kong flexible office market in 2024, providing a comprehensive analysis for stakeholders.