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COMMERCIAL PROPERTY | Staff Reporter, Hong Kong

Co-working space operator closes west Kowloon landmark leasing deal

Campfire Collaborative Spaces leased three floors of Harbourfront Landmark building.

Bloomberg reports that co-working space operator Campfire Collaborative Spaces has leased three floors of the Harbourfront Landmark building in western Kowloon from private equity firm Pamfleet Real Estate Fund.

A number of massive co-working deals highlight their growing footprint in the Hong Kong office market with co-working companies accounting for 10% new lettings on Hong Kong Island in 2017.

Also read: Flexible working spaces in Hong Kong doubled in past three years

“For the next six to 12 months, we will continue to see co-working operators expanding in the market,” said Denis Ma, head of Hong Kong research at JLL. “A lot of operators are trying to gain market share because it’s very much a new sector.”

Total flexible workspace take-up hit 350,000 sqft in 2017 as operators continue to snap up and redevelop Grade B buildings into swanky office spaces, according to data from Colliers.  

Here’s more from Bloomberg:

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