The Best Coworking Space?
JUL 2022 | LAST UPDATED
SNAPSHOT
Once disruptive, coworking spaces are now ubiquitous, not only catering for start ups and freelancers but also large corporates.
Similar to “Serviced Offices”, “Business Centres”, “Co-Working“ provides immediate occupation, negligible CAPEX requirements, efficient space usage, and flexibility to expand or contract at a short notice.
Typically these providers are readily available, can accommodate a range of office sizes, from 1 headcount and up to 200+, with use of shared services including meeting rooms, reception area, server room and breakout facilities.
THE BEST COWORKING SPACE FOR YOU?
As with all flexible work space solutions, the often cited benefits include practicalities like location, transport, cost and convenience (learn more here).
Indeed, what sets coworking brands apart is ultimately their individual take on the notion of the workplace.
Yet, with the growing number of coworking providers worldwide, how does one navigate and find the ideal space?
One key element that is often cited as the key driver of co-working space selection, is the initial user experience from the first visit and the overall community that users resonate with.
In the guide below, we’ve established the function, people, community and aesthetics that suit different needs and preferences of key user segments.
The entrepreneur type
Community: Heavy emphasis
People: Innovation, Tech and Social
This group closely resembles the earlier coworking spaces with the vibe that resembles “hacker-spaces”. It has a strong emphasis on inner community collaboration and establishing external network connections. Curated events on innovation, “tech” and “social” are key themes that are explored to various degrees.
The hotel type
Community: Lighter emphasis
People: Executives
Offering a more refined experience for executives, these spaces are designed to be “on trend”. This group may include entrepreneurs, but appeals to businesses or individuals that are more established and use these spaces as drop-in places in various cities with a lesser need to connect through a community.
The serviced office type
Community: Lighter emphasis
People: Entrepreneur, Employees, Freelancers, Executives
This type offers a more traditional office setting, with less of an emphasis on community. It’s a space to work - you rent an office or a desk. Progressively the Serviced Office types are becoming more trendy and borrow from the aesthetics of coworking space - but their use and service remain the same.
The network type
Community: Strong internal and external networks
People: All
These co-working spaces are well located in globally for people who value the wide networks, strong community focus and shared amenities. Popular with business travellers who have convenient access to multiple cities and locations, and curated experiences.
The club type
Community: Emphasis on social and events
People: Wellbeing
The emphasis on these co-working spaces is a lifestyle, not just work. Operating on a larger scale, they include spaces like a gym or swimming pool, or a bar or shops or even auditoriums. This is a hybrid coworking and event space that might run.
COWORKING SPACE BY DISTRICT | HONG KONG
Hong Kong’s coworking space market totals approximately 2.4 million sq ft. The international coworking operators accounts for around a half of this supply (i.e. WeWork). Kowloon commands over 35% of the market.
COWORKING BY PROPERTY | HONG KONG
Just under 1 million sq ft are operating in Grade A buildings while the remaining are found in industrial or Grade B & C properties.
COWORKING PRICING | HONG KONG
Price is often worked out on a per workstation (or per person), per month basis.
PARTNER WITH SAVVI
SAVVI works with all coworking space operators, providing you full market coverage and a single point of contact to support your business going forward.
We create and source differentiated opportunities and deliver scalable bespoke real estate solutions from small to large real estate proposals with institutional grade expertise.