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Image by Luis Ricardo Rivera from Pixabay
Hong Kong’s flex desk rates highest in APAC
Experts predict rates in the city to increase by 3% in 2023.
The rates for flexible desks in Hong Kong are expected to increase by 3% in 2023 as the city sees more demand for flexible workspaces.
According to The Instant Group, Hong Kong is the most expensive market for flex in Asia-Pacific, with a desk in the city costing an average of US$609 per month in 2023.
Unlike Singapore, Hong Kong saw a stronger demand for flex spaces in 2023 than in 2022.
Data from The Instant Group showed that demand for flex spaces in Hong Kong rose 20% YoY in 2023.
The supply of flex spaces in the city is also growing. According to The Instant Group, Brisbane, Bangalore, Hong Kong, Melbourne, Shanghai and Tokyo saw between 1%-3% growth in supply.
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