Innovation Driven
Co-Working Office
Space in Asia

Patrick Wong | Senior Analyst, Real-Estate
Bloomberg Intelligencepwong248@bloomberg.net
June 2017

FINTECH INVESTMENT IN ASIA PACIFIC

Japan: $154 million
in 2016 (+137% YoY)2

SERVICED-OFFICE AND CO-WORKING SPACE PROVIDERS

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 Open-plan offices, workstations, meeting rooms, private phonebooths, huddle rooms, communal pantries and lounges
 Monthly membership fee
 Flexible office size
 Short lease terms
 Potential savings in rental expenses
 Avoid modifications to existing offices for workforce changes
 Networking and collaboration with fintech experts
 Issues of privacy and security
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WEWORK’S CO-WORKING OFFICE LOCATIONS

5 CapitaLand– Partnering with UrWork to operate co-working offices inshopping malls in Beijing and Wuhan– Collective Works at Capital Tower in Singapore
 Mitsubishi Estate– FINO LAB at Marunouchi in Tokyo Swire Properties– blueprint at Quarry Bay in Hong Kong

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COMPARISON OF SIZE AND CITY COVERAGE

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MONTHLY PRIME OFFICE RENTS (HK$/SQ FT)9AVERAGE OFFICE RENTS OF MAJOR CITIES IN ASIA PACIFIC

10CO-WORKING OFFICE IN WESTFIELD SAN FRANCISCO CENTRE

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VACANCY RATE OF CAPITALAND’S CHINA SHOPPING MALLS

12 Demand driven by fintech startups, corporates seeking flexible
workspace solutions
 More landlords will start their own operations or partner withco-working operators
 Office leasing demand on the fringes of CBD area could rise Evolution of a new source of leasing demand to fill up retailspace an boost malls’ foot traffic

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