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China Flexible Workspace Market Outlook to 2025 Driven by Increasing Investment in Technology and Shift in Focus towards Non Rental Revenue Streams

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The report titled, "China Flexible Workspace Market Outlook to 2025 Driven by Increasing Investment in Technology and Shift in Focus towards Non-Rental Revenue Streams" provides a comprehensive analysis of the Flexible Workspace Market in China. The Report covers the pain points, the need, Supply and Demand Analysis along with Revenue streams, Value Chain and Key Industry Trends. The report also focuses extensively on the Competition Scenario in the country and concludes with Future Scenario and analyst recommendations highlighting the key opportunities in the future.

China Flexible Workspace Overview and Size
High occupancy cost for Prime Office Space, an Increase in the number of business entities and fluid business strategies led to the emergence of a flexible workspace market in China. Flexible Workspace operators in China have been constantly focusing on inorganic growth through acquisitions of smaller operators and businesses. This trend is slowly changing and there is an increase in focus on sustainability and profitability. The supply in China Flexible Space market has been growing at a double-digit CAGR by space during the period 2016-2019. The market has been growing with the competition being highly fragmented owing to the presence of more than 1500 co-working operators in the industry.
China Flexible Workspace Market Segmentation
By Type of Flexible Workspace (Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Spaces)
China flexible workspace industry is highly fragmented and the presence of small operators have driven the supply of co-working segment whereas serviced spaces and hybrid model is majorly built by bigger players such as WeWork (Enterprise Solution), Atlas Workspace (Office as a Service) and other players.
By City (Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu, Guangzhou and Rest of China)
Shanghai dominates the China flexible workspace market in terms of overall supply. Beijing, Chengdu, and Guangzhou has been growing at the fastest pace due to the emergence of localized players. Since, the industry is at its nascent stage in Chengdu, Hong Kong and Guangzhou the average occupancy is lower in these cities.
By Type of End Users (Enterprise, MSME’s/Start-Ups and Freelancers / Self Employed)
Changing the workforce and evolving business strategy has resulted in an increase in demand for flexible workspaces. Enterprises are leading the demand of flexible workspace industry followed by MSME’s/Start-ups and Freelancers/Entrepreneurs. Enterprises are following the ‘hub and spoke’ model wherein the corporate head office acts as a hub and flexible workspaces act as spokes. 
Competitive Landscape in China Flexible Workspace Market
The market is observed to be at a growth stage, with the competition been highly fragmented with the presence of more than 1500 flexible workspace operators. Regus, WeWork, MyDreamPlus, Distrii, Kr Space, SOHO 3Q, The Executive Centre, People Squared, Atlas Workspace, Servoffice, Compass Office are few of the major players in the industry. The industry is moving towards market consolidation as players such as Ucommune and WeWork with heavy financial backing are taking over small operators. The companies are shifting their focus from rental to non-rental revenue streams.
China Flexible Workspace Market Future Outlook and Projection
In the future, it is anticipated that the China Flexible Workspace industry will experience decreasing supply-demand gap as the demand is expected to grow at a much faster pace in comparison to the supply. Companies will gradually shift focus from regional expansion towards sustainability and profitability. The companies will also increase focus towards improving the occupancy rate of the co-working spaces in the industry. Technological development and the provision of value-added services will drive the demand for flexible workspaces in China.
 
Key Segments Covered
  • By Type of Flexible Workspace
    • Serviced Spaces
    • Hybrid Spaces
    • Co-Working Spaces
  • By City
    • Shanghai
    • Beijing
    • Shenzhen
    • Hong Kong
    • Chengdu
    • Guangzhou
  • By End Users
    • Enterprises
    • MSME’s/Start-Ups
    • Entrepreneurs/Freelancers 
Key Target Audience
  • Flexible Workspace Operators
  • Office Brokers/Aggregators
  • Commercial Real Estate Companies
  • Venture Capitalist and PE Firms
  • Real Estate Consultant
  • Office Furniture Providers
  • ICT Providers
Time Period Captured in the Report
  • Historical Period – 2016-2019
  • Forecast Period – 2019-2025F
Companies Covered in the Report
  • Flexible Workspace Operators
    • Ucommune
    • Regus
    • WeWork
    • MyDreamPlus
    • Distrii
    • Kr Space
    • SOHO 3Q
    • The Executive Centre
    • People Squared
    • Compass Office
    • Servoffice
    • Atlas Workspace
Key Topics Covered in the Report
  • Need and Pain Points Leading to Emergence of Flexible Workspace Industry in China
  • Existing Gaps in China Flexible Workspace Market
  • Value Chain Analysis
  • Emerging Business Model
  • Revenue Streams
  • Organizational Structure of Flexible Workspaces
  • Marketing Strategies
  • Supply-Demand Analysis and Supply-Demand Gap Analysis, 2016-2019
  • Competitive Landscape in China Flexible Workspace Market
  • Supply-Demand Analysis and Supply-Demand Gap Analysis, 2019-2025F
  • Success Case Study
  • Analyst Recommendation
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Table Of Content

Scope

1. Executive Summary

2. Research Methodology

2.1. Scope
2.2. Market Definitions
2.3. Glossary
2.4. Abbreviations
2.5. Market Sizing and Modeling
Consolidated Research Approach
Market Sizing Approach- China Flexible Workspace Market
Sample Size Inclusion Table
Limitations
Final Conclusion

3. Emergence of Flexible Workspace in China

4. What are the Existing Gaps in China Flexible Workspace Market?


5. Industry Analysis for China Flexible Workspace Market

5.1. Value Chain Analysis
5.2. Emerging Business Model (Lease Model, Joint Venture Model, Management Model and Franchise Model)
5.3. Revenue Streams (Rental and Non Rental Revenue Streams)
5.4. Organizational Structure of a Flexible Workspace Company
5.5. Types of Flexible Workspace (Traditional Co-Working Space, Niche Co-Working Spaces, Lifestyle Co-Working Spaces, Serviced Offices and Nomadic Spaces)
5.6. Target Audience in Flexible Workspace Industry (Remote from the Headquarter Client, Distributed Company Employee, Partially Remote Workers, Digital Nomads, Freelancers, Startups, Small Teams, Enterprise Clients, Non-Profit Organization and Event Organizers)
5.7. Marketing Strategies
5.7.1. Online Marketing
5.7.2. Offline Marketing

6. Timeline of Major Players in China Flexible Workspace Market

7. China Flexible Workspace Market Size, 2016-2019
7.1. Growth Drivers and Trends in China Flexible Workspace Market
7.2. Supply Scenario in China Flexible Workspace Market, 2016-2019
7.2.1. Supply On the Basis of Space and Number of Centers, 2016-2019
7.2.2. Penetration Rate of Flexible Workspace Industry In Different Cities Including, Shanghai, Beijing, Shenzhen, Chengdu, Guangzhou and Hong Kong, 2019
7.2.3. Supply By Type of Flexible Workspace (Hybrid or Integrated Space, Serviced and Co-Working Space) On the Basis of Space, 2016-2019
7.2.4. Supply By City (Shanghai , Beijing, Shenzhen, Hong Kong, Chengdu and Guangzhou), On the Basis of Space, 2016-2019
Cross Comparison between Flexible Workspace Market in Shanghai , Beijing, Shenzhen, Hong Kong, Chengdu and Guangzhou on the Basis of Supply of Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Office Space, 2019
Cross Comparison Between Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu and Guangzhou on the Basis of Number of Centers, Occupancy Rate, Average Private Office Price, Average Dedicated Desk PRICE, Average Hot Desk Price and Average Price Per Desk, 2019
7.3. Demand Scenario in China Flexible Workspace Industry, 2016-2019
7.3.1. Demand on the Basis of Occupied Space and Occupancy Rate, 2016-2019
7.3.2. Demand By Type of End Users (Enterprise, MSME’s/Start Ups and Freelancers / Self Employed), On the Basis of Space, 2016-2019
7.4. Demand-Supply Gap Analysis in China Flexible Workspace Market, 2016-2019
7.5. China Flexible Workspace Market, Average Desk Cost, 2019

8. Competitive Landscape in China Flexible Workspace Market
8.1. Competition Stage (Nature of the Market, Competition Scenario and Business Sustainability), Company Position and Competition Parameters (Product Offering, Value Added Services, Rental Rate, Market Experience, Geographical Presence, Strategic Partnerships and Office Infrastructure), 2019
8.2. Market Share on the Basis of Number of Centers, 2019
8.2.1. China Flexible Workspace Market Share of Major Players (Ucommune, IWG (Regus + Spaces), WeWork, MyDreamPlus, Distrii, Kr Space, SOHO 3Q, The Executive Centre, People Squared, Compass Office, Servoffice, Atlas Workspace and Others), 2019
8.2.2. Shanghai Flexible Workspace Market Share of Major Players (WeWork, IWG (Regus + Spaces), People Squared, Distrii, SOHO 3Q, Ucommune, Kr Space, Atlas Workspace, Linckia, Mixpace and Others), 2019
8.2.3. Beijing Flexible Workspace Market Share of Major Players (Ucommune, WeWork, MyDreamPlus, Regus, WePlus, Servoffice, Distrii Kr Space, SOHO 3Q, The Executive Centre and Others), 2019
8.2.4. Hong Kong Flexible Workspace Market Share of Major Players (IWG (Regus + Spaces), Compass Office, WeWork, The Executive Centre, The Hive, Garage Society, Servcorp, Ucommune and others), 2019
8.2.5. Shenzhen Flexible Workspace Market Share of Major Players (Ucommune, Regus, WeWork, SimplyWork, BeePlus, Nash Work, Atlas Workspace and Others), 2019
8.2.6. Chengdu Flexible Workspace Market Share of Major Players (WeWork, The Executive Centre, Ucommune, MyDreamPlus, Regus, Servoffice, Salmonist Co-working and Others), 2019
8.2.7. Guangzhou Flexible Workspace Market Share of Major Players (Regus, WeWork, The Executive Centre, Atlas Workspace, Ucommune, BeePlus, Kr Space and Others), 2019
8.3. Heat Map Analysis On the Basis of Number of Centers in Different Cities, 2019
8.4. China Flexible Workspace Market Mergers, Acquisition and Partnerships
8.5. China Flexible Workspace Market Investment Rounds
8.6. Cross Comparison of Major Players in China Flexible Working Space Market
8.6.1. On the Basis of Revenue Streams and Business Strategy (Ucommune, MyDreamPlus, Distrii, Kr Space, SOHO 3Q, People Squared, Shiao International-Servoffice and Atlas Workspace), 2019
8.6.2. On the Basis of Management, Investors, Funding Rounds, Space in Sq Ft (Ucommune, MyDreamPlus, Distrii, Kr Space, SOHO 3Q, People Squared, Shiao International-Servoffice and Atlas Workspace, 2019
8.7. Company Profiles for Major Players in China Flexible Workspace Market
(Parameters: Company Overview, Business Strategy, Service Offerings, Partners, Financials, Recent Developments, Mergers and Acquisitions, Funding Rounds, Number of Centres and Average Desk Cost)
8.7.1. WeWork
8.7.2. IWG
8.7.3. Servcorp
8.7.4. The Executive Centre
8.7.5. Compass Office

9. China Flexible Workspace Market Future Outlook and Projection, 2019-2025F

9.1. Projected Growth Drivers in China Flexible Workspace Market
9.2. Future Supply Scenario in China Flexible Workspace Market, 2019-2025F
9.2.1. Future Supply On the Basis of Space and Number of Centers, 2019-2025F
9.2.2. Future Outlook of Supply By Type of Flexible Workspace (Hybrid or Integrated Space, Serviced and Co-Working Space) On the Basis of Space, 2019-2025F
9.2.3. Future Outlook of Supply By City (Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu and Guangzhou) On the Basis of Space, 2019-2025F
9.3. Future Demand Scenario in China Flexible Workspace Industry, 2019-2025F
9.3.1. Future Demand on the Basis of Occupied Space and Occupancy Rate, 2019-2025F
9.3.2. Future Demand By Type of End Users (Enterprise, MSME’s/Start Ups and Freelancers / Self Employed), on the Basis of Space, 2019-2025f
9.4. Future Demand-Supply Gap Analysis in China Flexible Workspace Market, 2019-2025F

10. Success Case Study of Ucommune

11. Analyst Recommendations

11.1. Analyst Recommendations for Potential New Entrants
What is the Ideal Space Structure For a Flexible Workspace in China?
What should be the Operational Timings of a Flexible Workspace in China?
What are the Upcoming Locations For Flexible Workspace in China?
What are the Different Revenue Streams for a Flexible Workspace Opeartor in China?
What Marketing Strategies can be Adopted by Flexible Workspace Brands in China?
What are the Various Source of Investment for Flexible Workspace Brands in China?
What is the Target Audience of Flexible Workspaces in China?
Best Practise in Business: Upcoming Business Strategies
How can Flexible Workspaces Attract People from Commercial Office Space to a Flexible Workspace?
11.2. Analyst Recommendations for Existing Players
Focus on Inorganic Growth
Focus on Increasing Occupancy in Existing Location
Focus on Non Rental Revenue Streams
Develop Strategic Partnerships
Focus on Development of Technological Infrastructure
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List Of Figure

Figure 1-1: Flowchart Depicting China Flexible Workspace Supply and Demand, 2019
Figure 1-2: Flowchart Depicting China Flexible Workspace Supply and Demand, 2025F
Figure 3-1: Factor Leading to Emergence of Flexible Workspaces in China, 2019
Figure 3-2: Commercial Office Rent in Different Cities in China in USD per Sqm per Month, 2018
Figure 3-3: Number of Corporate Enterprises in China in Million Units and Growth Rate in Percentage (%), 2014-2019
Figure 3-4: Early Stage Business in China by Industry in Percentage (%), 2018
Figure 4-1: Existing Gaps (Focus on Only Conventional Locations, Lack of Industry Specific Flexible Workspace Centers, Oversupply and Lack of Profitability and Sustainability) in China Flexible Workspace Market, 2019
Figure 5-1: Value Chain Analysis for China Flexible Workspace Market, 2019
Figure 5-2: Emerging Flexible Workspace Business Models including Lease Model, Joint Venture Model, Management Model and Franchise Model, 2019
Figure 5-3: Flowchart of Revenue Streams in China Flexible Workspace Market, 2019
Figure 5-4: Flowchart of Organizational Structure in a Flexible Workspace, 2019
Figure 5-5: Types of Flexible Workspaces Including Traditional Co-Working Space, Niche Co-Working Spaces, Lifestyle Co-Working Spaces, Serviced Offices and Nomadic Spaces
Figure 5-6: Online Marketing Strategies Adopted by Flexible Workspace Operators
Figure 5-7: Offline Marketing Strategies Adopted by Flexible Workspace Operators
Figure 6-1: China Flexible Workspace Market Timeline of Major Players (Ucommune, IWG (Regus + Spaces), WeWork, MyDreamPlus, Distrii, Kr Space, SOHO 3Q, The Executive Centre, People Squared, Compass Office, Servoffice and Atlas Workspace) including Year of Establishment, Number of Centers and Average Desk Cost in USD, As of December 2019
Figure 7-1: Supply in China Flexible Workspace Market on the Basis of Available Space in NLA Million Sq Ft and Number of Centers in Units, 31st December, 2016- 31st December 2019
Figure 7-2: China Flexible Workspace Market Supply by Type of Flexible Workspace (Hybrid or Integrated Space, Serviced and Co-Working Space) on the Basis of Space in Percentage (%),31st December, 2016- 31st December 2019
Figure 7-3: China Flexible Workspace Market Supply by City (Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu, Guangzhou and Rest of China) on the Basis of Space in Percentage (%),31st December, 2016- 31st December 2019
Figure 7-4: Demand in China Flexible Workspace Market on the Basis of Occupied Space in (NLA) Million Sq Ft and Occupancy Rate in Percentage (%),31st December, 2016- 31st December 2019
Figure 7-5: China Flexible Workspace Market Demand by End Users (Enterprise, MSME’s/Start Ups and Freelancers / Self Employed) on the Basis of Occupied Space in Percentage (%),31st December, 2016- 31st December 2019
Figure 7-6: China Flexible Workspace Market Demand and Supply in NLA Million Sq Ft, as on 31st December, 31st December, 2016- 31st December 2019
Figure 7-7: China Flexible Workspace Market Average Hot Desk Cost, Average Dedicated Desk Cost and Average Private Office Cost in USD Per Month, 31st December, 2019
Figure 8-1: Number of Lease Signed by WeWork, 2016-2018
Figure 8-2: Usable Area Added by WeWork in NLA Million Sq.Ft, 2016-H1 2019
Figure 8-3: Occupancy Rate by Year of WeWork’s Location Opening at Different Time Period of the Year, in Percentage (%), 2016-2018
Figure 8-4: IWG’s Revenue in APAC in USD Million and Growth Rate in Percentage (%), 2013-H1 2019
Figure 8-5: IWG’s Mature Occupancy Rate in Percentage (%), 2015-H1 2019
Figure 8-6: IWG’s Total Number of Workstations in APAC, 2014-H1 2019
Figure 8-7: IWG’s Total Number of Centers in APAC, 2015-H1 2019
Figure 8-8: Average Occupancy Rate in IWG’s Centers in APAC in Percentage (%), 2014-H1 2019
Figure 8-9: Servcorp’s Franchise Fee Income in USD Thousand and Growth Rate in Percentage (%), FY’2015-FY’2019
Figure 9-1: China Flexible Workspace Market Future Projection on the Basis of Supply in NLA Million Sq Ft and Number of Centers in Units, 2019-2025F
Figure 9-2: China Flexible Workspace Market Future Supply by Type of Flexible Workspace (Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Spaces) on the Basis of Space in Percentage (%), 2019-2025F
Figure 9-3: China Flexible Workspace Market Future Supply by City (Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu, Guangzhou and Rest of China) on the Basis of Space in Percentage (%), 2019-2025F
Figure 9-4: Future Demand in China Flexible Workspace Market on the Basis of Occupied Space in (NLA) Million Sq Ft and Occupancy Rate in Percentage (%), 2019-2025F
Figure 9-5: China Flexible Market Future Demand By End Users (Enterprise, MSME’s/Start Ups and Freelancers / Self Employed) on the Basis of Occupied Space in Percentage (%), 2019-2025F
Figure 9-6: China Flexible Workspace Market Future Demand and Supply in NLA Million Sq Ft, 2019-2025
Figure 10-2: Flowchart Depicting Ucommune’s Business Model, 2019
Figure 10-1: Ucommune’s Revenue by Workspace Membership, Marketing and Branding Services and Other Services in Percentage, 30th September 2018- 30th September 2019
Figure 11-1: WeWork’s Occupier Profile by Sector by Desk, 2017


List Of Table

Table 2-1: Consolidated Research Approach of China Flexible Workspace Market
Table 2-2: Sample Size Inclusion Table Including Flexible Workspace Operators, Real Estate Companies, Brokers & Aggregators and Industry Experts
Table 2-3: Sample Size Inclusion Table Including Respondent Category and Percentage of Sample Size
Table 2-4: Tentative Set of Important Questions Asked by Mode of Entities and Desired Outcome
Table 3-1: List of Top 20 Most Expensive Prime Office Space in the World on the Basis of Occupancy Cost in USD Per Sq Ft Per Annum, Q1 2019
Table 3-2: Changes in China Flexible Workspace Market on the Basis of Geographical Reach, End Users and Players Pre 2017 and Post 2017
Table 4-1: Entities involved in Different Phases of Value Chain in China Flexible Workspace Market, 2019
Table 4-2: Pros and Cons of Different Flexible Workspace Business Models including The Lease Model, Joint Venture Model, Management Model and Franchise Model, 2019
Table 4-3: Description of Organizational Roles by Hierarchy in a Flexible Workspace, 2019
Table 4-4: Target Audience including Remote from the Headquarter Client, Distributed Company Employee, Partially Remote Workers, Digital Nomads, Freelancers, Startups, Small Teams, Enterprise Clients, Non-Profit Organization and Event Organizers for a Co-Working Space on the Basis of Preferred Membership, 2019
Table 6-1: Examples of Flexible Workspaces in Prime Location and Quality Buildings in Beijing
Table 6-2: List of Flexible Workspace Companies with Real Estate Background and IT Background in China, 2019
Table 6-3: Flexible Workspace Industry Penetration Rate in Shanghai, Beijing, Shenzhen, Chengdu, Guangzhou and Hong Kong in Percentage (%), 31st December 2019
Table 6-4: Cross Comparison between Types of Flexible Workspaces in China (Hybrid or Integrated Space, Serviced Space and Co-Working Space) on the Basis of Definition, Client Focus, Pros, Cons and Average Lease Period, 2019
Table 6-5: China Flexible Workspace Market Supply by Type of Flexible Workspace (Hybrid or Integrated Space, Serviced and Co-Working Space) on the Basis of Space in NLA Million Sq Ft and CAGR (2016-2019) in Percentage (%),31st December, 2016- 31st December 2019
Table 6-6: China Flexible Workspace Market Supply by City (Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu, Guangzhou and Rest of China) on the Basis of Space in NLA Million Sq Ft and CAGR (2016-2019) in Percentage (%),31st December, 2016- 31st December 2019
Table 6-7: Cross Comparison between Flexible Workspace Market in Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu and Guangzhou on the Basis of Supply of Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Office Space in NLA Million Sq Ft, 31st December, 2019
Table 6-8: Cross Comparison between Flexible Workspace Market in Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu and Guangzhou on the Basis of Supply of Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Office Space in Percentage (%), 31st December, 2019
Table 6-9: Cross Comparison between Flexible Workspace Market in Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu and Guangzhou on the Basis of Number of Centers, Occupancy Rate, Average Private Office Price (USD Per Person Per Month), Average Dedicated Desk Price (USD Per Person Per Month), Average Hot Desk Price (USD Per Person Per Month) and Average Price Per Desk (USD Per Person Per Month), 2019
Table 6-10: Cross Comparison of Flexible Workspace End Users in China by Enterprise, MSME’s/Start Ups and Freelancers / Self Employed on the Basis of Preferred Desk Type, Average Subscription Period, Team Size and Motive, 2016-2019
Table 6-11: China Flexible Workspace Market Demand by End Users (Enterprise, MSME’s/Start Ups and Freelancers / Self Employed) on the Basis of Occupied Space in (NLA) Million Sq Ft and CAGR (2016-2019) in Percentage (%),31st December, 2016- 31st December 2019
Table 6-12: China Flexible Workspace Market Demand-Supply Gap in NLA Million Sq Ft and Growth Rate in Percentage (%),31st December, 2016- 31st December 2019
Table 8-1: Competitive Scenario in China Flexible Workspace Market Including Competition Stage (Nature of the Market, Competition Scenario and Business Sustainability), Company Position and Competition Parameters (Product Offering, Value Added Services, Rental Rate, Market Experience, Geographical Presence, Strategic Partnerships and Office Infrastructure), 2019
Table 8-2: China Flexible Workspace Market Share of Major Players (Ucommune, IWG (Regus + Spaces), WeWork, MyDreamPlus, Distrii, Kr Space, SOHO 3Q, The Executive Centre, People Squared, Compass Office, Servoffice, Atlas Workspace and Others) on the Basis of Number of Centers, 31st December 2019
Table 8-3: Shanghai Flexible Workspace Market Share of Major Players (WeWork, IWG (Regus + Spaces), People Squared, Distrii, SOHO 3Q, Ucommune, Kr Space, Atlas Workspace, Linckia, Mixpace and Others) on the Basis of Number of Centers, 31st December 2019
Table 8-4: Beijing Flexible Workspace Market Share of Major Players (Ucommune, WeWork, MyDreamPlus, Regus, WePlus, Servoffice, Distrii Kr Space, SOHO 3Q, The Executive Centre and Others) on the Basis of Number of Centers, 31st December 2019
Table 8-5: Hong Kong Flexible Workspace Market Share of Major Players ((IWG (Regus + Spaces), Compass Office, WeWork, The Executive Centre, The Hive, Garage Society, Servcorp, Ucommune and others) on the Basis of Number of Centers, 31st December 2019
Table 8-6: Shenzhen Flexible Workspace Market Share of Major Players (Ucommune, Regus, WeWork, SimplyWork, BeePlus, Nash Work, Atlas Workspace and Others) on the Basis of Number of Centers, 31st December 2019
Table 8-7: Chengdu Flexible Workspace Market Share of Major Players (WeWork, The Executive Centre, Ucommune, MyDreamPlus, Regus, Servoffice, Salmonist Co-working and Others) on the Basis of Number of Centers, 31st December 2019
Table 8-8: Guangzhou Flexible Workspace Market Share of Major Players (Regus, WeWork, The Executive Centre, Atlas Workspace, Ucommune, BeePlus, Kr Space and Others) on the Basis of Number of Centers, 31st December 2019
Table 8-9: Heat Map of Major Flexible Workspace Operators in China (Ucommune, Regus, WeWork, MyDreamPlus, Distrii Kr Space, SOHO 3Q, The Executive Centre, People Squared, Compass Office, Servoffice, Atlas Workspace and Others) on the Basis of Number of Centers in Different Cities (Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu, Guangzhou and Rest of China), 2019
Table 8-10: Mergers, Acquisition and Partnerships in China Flexible Workspace Market (Year, Target Company, Investor, Deal Value and Rationale), 2017-2019
Table 8-11: China Flexible Workspace Market Investment Rounds including Company, Investor, Year, Investment and Type of Finance, 2015-2019
Table 8-12: Cross Comparison between Major Local Players (Ucommune, MyDreamPlus, Distrii, Kr Space, SOHO 3Q, People Squared, Shiao International-Servoffice and Atlas Workspace) in China Flexible Workspace Market on the Basis of Revenue Streams and Business Strategy, 2019
Table 8-13: Cross Comparison between Major Local Players (Ucommune, MyDreamPlus, Distrii, Kr Space, SOHO 3Q, People Squared, Shiao International-Servoffice and Atlas Workspace) in China Flexible Workspace Market on the Basis of Management, Investors, Funding Rounds, Space in Sq Ft, 2019
Table 8-14: WeWork’s Company Profile including Company Overview, Business Segments, Business Strategy, Business Risk and Recent Developments, 2019
Table 8-15: WeWork’s Number of Centers, Average Hot Desk Cost, Average Dedicated Desk Cost and Starting Range for Private Office Cost in Different Cities in China, 2019
Table 8-16: Funding Raised by WeWork including Date, Investor’s Name and Type of Finance, in USD Billion, 2018-2019
Table 8-17: WeWork’s Workstation Capacity, Memberships, Enterprise Membership in Percentage (%) and Occupancy Rate in Percentage (%), 2016-2018
Table 8-18: WeWork’s Key Financials including Global Revenue, Loss from Operations and Net Loss in USD Million, 2016-H1 2019
Table 8-19: IWG’s Company Profile including Company Overview, Business Segments, Business Strategies and Recent Developments, 2019
Table 8-20: Regional Presence of IWG in China on the Basis of Number of Centers in Different Cities, 2019
Table 8-21: Space’s Average Hot Desk Cost, Average Dedicated Desk Cost and Starting Range for Private Office Cost in Different Cities in China, 2019
Table 8-22: IWG’s Financials including Overall Revenue, EBIT, PAT and Regional Revenue (Americas, EMEA, Asia Pacific, UK and others) in USD Million, 2013-H1 2019
Table 8-23: Servcorp’s Company Profile including Company Overview, Business Strategy, USP and Business Partners, 2019
Table 8-24: Servcorp’s Number of Centers, Average Hot Desk Cost, Average Dedicated Desk Cost and Private Office Cost in Different Cities in China, 2019
Table 8-25: Servcorp’s Key Financials including Revenue, EBIT, PAT and Regional Revenue (ANZ/SEA, North Asia, EME and USA) in USD Million, FY’2015-FY’2019
Table 8-26: Annual Rent Payment by Servcorp in USD Million and Growth Rate in Percentage (%), FY’2015-FY’2019
Table 8-27: The Executive Centre’s Company Profile including Company Overview, Revenue Streams, Business Strategy, Key Financials and Recent Developments, 2019
Table 8-28: The Executive Centre’s Geographical Presence in China on the Basis of Number of Centers in Different Cities in Units, 2019
Table 8-29: Compass Office Company Profile including Company Overview, Revenue Streams, Business Strategy and Number of Centers in China, 2019
Table 9-1: China Flexible Market Future Supply by Type of Flexible Workspace (Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Spaces) on the Basis of Space in NLA Million Sq Ft and CAGR (2019-2025F) in Percentage (%), 2019-2025F
Table 9-2: China Flexible Workspace Market Future Supply by City (Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu, Guangzhou and Rest of China) on the Basis of Space in NLA Million Sq Ft and CAGR (2019-2025F) in Percentage (%), 2019-2025F
Table 9-3: Future Projection of Flexible Workspace Market in Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu and Guangzhou on the Basis of Supply of Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Office Space in NLA Million Sq Ft, 2025F
Table 9-4: Future Projection of Flexible Workspace Market in Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu and Guangzhou on the Basis of Supply of Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Office Space in Percentage (%), 2025F
Table 9-5: Future Projection of Flexible Workspace Market in Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu and Guangzhou on the Basis of Supply CAGR (2019-2025F) of Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Office Space in Percentage (%)
Table 9-6: China Flexible Market Future Demand By End Users (Enterprise, MSME’s/Start Ups and Freelancers / Self Employed) on the Basis of Occupied Space in NLA Million Sq Ft and CAGR (2019-2025F) in Percentage (%), 2019-2025F
Table 9-7: China Flexible Workspace Market Demand-Supply Gap in NLA Million Sq Ft and Growth Rate in Percentage (%), 2019-2025F
Table 10-2: Ucommune’s Service offering including Description, 2019
Table 10-3: Ucommune’s Technological Ecosystem including U Bazaar, Udata and Smart Office Services, 2019
Table 10-1: Ucommune’s Financials including Revenue from Workspace Membership, Marketing and Branding Services & Other Revenue Streams, Total Revenue, Cost of Revenue from Workspace Membership, Marketing and Branding Services & Other Revenue Streams, Total Cost of Operation and Total Loss from Operation in USD Thousand, 30th September 2019- 30th September 2019
Table 10-4: Ucommune’s Mergers, Acquisitions and Partnerships including Target Company, Deal Value, Year and Rationale, 2018
Table 10-5: Ucommune’s Funding Rounds including Investor, Investment, Year and Type of Finance, 2016-2019
Table 11-1: Ideal Space Allocation in a Flexible Workspace, 2019
Table 11-2: Upcoming Locations for Flexible Workspaces in Hong Kong, Beijing, Shanghai, Shenzhen, Chengdu, Guangzhou, Wuhan, Xi’an, Nanjing, Hangzhou and Suzhou

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Products and Companies

Products

Key Segments Covered

  • By Type of Flexible Workspace
    • Serviced Spaces
    • Hybrid Spaces
    • Co-Working Spaces
  • By City
    • Shanghai
    • Beijing
    • Shenzhen
    • Hong Kong
    • Chengdu
    • Guangzhou
  • By End Users
    • Enterprises
    • MSME’s/Start Ups
    • Entrepreneurs/Freelancers 


Companies

Flexible Workspace Operators

  • Ucommune
  • Regus
  • WeWork
  • MyDreamPlus
  • Distrii
  • Kr Space
  • SOHO 3Q
  • The Executive Centre
  • People Squared
  • Compass Office
  • Servoffice
  • Atlas Workspace

The report titled, "China Flexible Workspace Market Outlook to 2025 Driven by Increasing Investment in Technology and Shift in Focus towards Non-Rental Revenue Streams" provides a comprehensive analysis of the Flexible Workspace Market in China. The Report covers the pain points, the need, Supply and Demand Analysis along with Revenue streams, Value Chain and Key Industry Trends. The report also focuses extensively on the Competition Scenario in the country and concludes with Future Scenario and analyst recommendations highlighting the key opportunities in the future.

China Flexible Workspace Overview and Size
High occupancy cost for Prime Office Space, an Increase in the number of business entities and fluid business strategies led to the emergence of a flexible workspace market in China. Flexible Workspace operators in China have been constantly focusing on inorganic growth through acquisitions of smaller operators and businesses. This trend is slowly changing and there is an increase in focus on sustainability and profitability. The supply in China Flexible Space market has been growing at a double-digit CAGR by space during the period 2016-2019. The market has been growing with the competition being highly fragmented owing to the presence of more than 1500 co-working operators in the industry.
China Flexible Workspace Market Segmentation
By Type of Flexible Workspace (Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Spaces)
China flexible workspace industry is highly fragmented and the presence of small operators have driven the supply of co-working segment whereas serviced spaces and hybrid model is majorly built by bigger players such as WeWork (Enterprise Solution), Atlas Workspace (Office as a Service) and other players.
By City (Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu, Guangzhou and Rest of China)
Shanghai dominates the China flexible workspace market in terms of overall supply. Beijing, Chengdu, and Guangzhou has been growing at the fastest pace due to the emergence of localized players. Since, the industry is at its nascent stage in Chengdu, Hong Kong and Guangzhou the average occupancy is lower in these cities.
By Type of End Users (Enterprise, MSME’s/Start-Ups and Freelancers / Self Employed)
Changing the workforce and evolving business strategy has resulted in an increase in demand for flexible workspaces. Enterprises are leading the demand of flexible workspace industry followed by MSME’s/Start-ups and Freelancers/Entrepreneurs. Enterprises are following the ‘hub and spoke’ model wherein the corporate head office acts as a hub and flexible workspaces act as spokes. 
Competitive Landscape in China Flexible Workspace Market
The market is observed to be at a growth stage, with the competition been highly fragmented with the presence of more than 1500 flexible workspace operators. Regus, WeWork, MyDreamPlus, Distrii, Kr Space, SOHO 3Q, The Executive Centre, People Squared, Atlas Workspace, Servoffice, Compass Office are few of the major players in the industry. The industry is moving towards market consolidation as players such as Ucommune and WeWork with heavy financial backing are taking over small operators. The companies are shifting their focus from rental to non-rental revenue streams.
China Flexible Workspace Market Future Outlook and Projection
In the future, it is anticipated that the China Flexible Workspace industry will experience decreasing supply-demand gap as the demand is expected to grow at a much faster pace in comparison to the supply. Companies will gradually shift focus from regional expansion towards sustainability and profitability. The companies will also increase focus towards improving the occupancy rate of the co-working spaces in the industry. Technological development and the provision of value-added services will drive the demand for flexible workspaces in China.
 
Key Segments Covered
  • By Type of Flexible Workspace
    • Serviced Spaces
    • Hybrid Spaces
    • Co-Working Spaces
  • By City
    • Shanghai
    • Beijing
    • Shenzhen
    • Hong Kong
    • Chengdu
    • Guangzhou
  • By End Users
    • Enterprises
    • MSME’s/Start-Ups
    • Entrepreneurs/Freelancers 
Key Target Audience
  • Flexible Workspace Operators
  • Office Brokers/Aggregators
  • Commercial Real Estate Companies
  • Venture Capitalist and PE Firms
  • Real Estate Consultant
  • Office Furniture Providers
  • ICT Providers
Time Period Captured in the Report
  • Historical Period – 2016-2019
  • Forecast Period – 2019-2025F
Companies Covered in the Report
  • Flexible Workspace Operators
    • Ucommune
    • Regus
    • WeWork
    • MyDreamPlus
    • Distrii
    • Kr Space
    • SOHO 3Q
    • The Executive Centre
    • People Squared
    • Compass Office
    • Servoffice
    • Atlas Workspace
Key Topics Covered in the Report
  • Need and Pain Points Leading to Emergence of Flexible Workspace Industry in China
  • Existing Gaps in China Flexible Workspace Market
  • Value Chain Analysis
  • Emerging Business Model
  • Revenue Streams
  • Organizational Structure of Flexible Workspaces
  • Marketing Strategies
  • Supply-Demand Analysis and Supply-Demand Gap Analysis, 2016-2019
  • Competitive Landscape in China Flexible Workspace Market
  • Supply-Demand Analysis and Supply-Demand Gap Analysis, 2019-2025F
  • Success Case Study
  • Analyst Recommendation
READ MORE

Scope

1. Executive Summary

2. Research Methodology

2.1. Scope
2.2. Market Definitions
2.3. Glossary
2.4. Abbreviations
2.5. Market Sizing and Modeling
Consolidated Research Approach
Market Sizing Approach- China Flexible Workspace Market
Sample Size Inclusion Table
Limitations
Final Conclusion

3. Emergence of Flexible Workspace in China

4. What are the Existing Gaps in China Flexible Workspace Market?


5. Industry Analysis for China Flexible Workspace Market

5.1. Value Chain Analysis
5.2. Emerging Business Model (Lease Model, Joint Venture Model, Management Model and Franchise Model)
5.3. Revenue Streams (Rental and Non Rental Revenue Streams)
5.4. Organizational Structure of a Flexible Workspace Company
5.5. Types of Flexible Workspace (Traditional Co-Working Space, Niche Co-Working Spaces, Lifestyle Co-Working Spaces, Serviced Offices and Nomadic Spaces)
5.6. Target Audience in Flexible Workspace Industry (Remote from the Headquarter Client, Distributed Company Employee, Partially Remote Workers, Digital Nomads, Freelancers, Startups, Small Teams, Enterprise Clients, Non-Profit Organization and Event Organizers)
5.7. Marketing Strategies
5.7.1. Online Marketing
5.7.2. Offline Marketing

6. Timeline of Major Players in China Flexible Workspace Market

7. China Flexible Workspace Market Size, 2016-2019
7.1. Growth Drivers and Trends in China Flexible Workspace Market
7.2. Supply Scenario in China Flexible Workspace Market, 2016-2019
7.2.1. Supply On the Basis of Space and Number of Centers, 2016-2019
7.2.2. Penetration Rate of Flexible Workspace Industry In Different Cities Including, Shanghai, Beijing, Shenzhen, Chengdu, Guangzhou and Hong Kong, 2019
7.2.3. Supply By Type of Flexible Workspace (Hybrid or Integrated Space, Serviced and Co-Working Space) On the Basis of Space, 2016-2019
7.2.4. Supply By City (Shanghai , Beijing, Shenzhen, Hong Kong, Chengdu and Guangzhou), On the Basis of Space, 2016-2019
Cross Comparison between Flexible Workspace Market in Shanghai , Beijing, Shenzhen, Hong Kong, Chengdu and Guangzhou on the Basis of Supply of Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Office Space, 2019
Cross Comparison Between Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu and Guangzhou on the Basis of Number of Centers, Occupancy Rate, Average Private Office Price, Average Dedicated Desk PRICE, Average Hot Desk Price and Average Price Per Desk, 2019
7.3. Demand Scenario in China Flexible Workspace Industry, 2016-2019
7.3.1. Demand on the Basis of Occupied Space and Occupancy Rate, 2016-2019
7.3.2. Demand By Type of End Users (Enterprise, MSME’s/Start Ups and Freelancers / Self Employed), On the Basis of Space, 2016-2019
7.4. Demand-Supply Gap Analysis in China Flexible Workspace Market, 2016-2019
7.5. China Flexible Workspace Market, Average Desk Cost, 2019

8. Competitive Landscape in China Flexible Workspace Market
8.1. Competition Stage (Nature of the Market, Competition Scenario and Business Sustainability), Company Position and Competition Parameters (Product Offering, Value Added Services, Rental Rate, Market Experience, Geographical Presence, Strategic Partnerships and Office Infrastructure), 2019
8.2. Market Share on the Basis of Number of Centers, 2019
8.2.1. China Flexible Workspace Market Share of Major Players (Ucommune, IWG (Regus + Spaces), WeWork, MyDreamPlus, Distrii, Kr Space, SOHO 3Q, The Executive Centre, People Squared, Compass Office, Servoffice, Atlas Workspace and Others), 2019
8.2.2. Shanghai Flexible Workspace Market Share of Major Players (WeWork, IWG (Regus + Spaces), People Squared, Distrii, SOHO 3Q, Ucommune, Kr Space, Atlas Workspace, Linckia, Mixpace and Others), 2019
8.2.3. Beijing Flexible Workspace Market Share of Major Players (Ucommune, WeWork, MyDreamPlus, Regus, WePlus, Servoffice, Distrii Kr Space, SOHO 3Q, The Executive Centre and Others), 2019
8.2.4. Hong Kong Flexible Workspace Market Share of Major Players (IWG (Regus + Spaces), Compass Office, WeWork, The Executive Centre, The Hive, Garage Society, Servcorp, Ucommune and others), 2019
8.2.5. Shenzhen Flexible Workspace Market Share of Major Players (Ucommune, Regus, WeWork, SimplyWork, BeePlus, Nash Work, Atlas Workspace and Others), 2019
8.2.6. Chengdu Flexible Workspace Market Share of Major Players (WeWork, The Executive Centre, Ucommune, MyDreamPlus, Regus, Servoffice, Salmonist Co-working and Others), 2019
8.2.7. Guangzhou Flexible Workspace Market Share of Major Players (Regus, WeWork, The Executive Centre, Atlas Workspace, Ucommune, BeePlus, Kr Space and Others), 2019
8.3. Heat Map Analysis On the Basis of Number of Centers in Different Cities, 2019
8.4. China Flexible Workspace Market Mergers, Acquisition and Partnerships
8.5. China Flexible Workspace Market Investment Rounds
8.6. Cross Comparison of Major Players in China Flexible Working Space Market
8.6.1. On the Basis of Revenue Streams and Business Strategy (Ucommune, MyDreamPlus, Distrii, Kr Space, SOHO 3Q, People Squared, Shiao International-Servoffice and Atlas Workspace), 2019
8.6.2. On the Basis of Management, Investors, Funding Rounds, Space in Sq Ft (Ucommune, MyDreamPlus, Distrii, Kr Space, SOHO 3Q, People Squared, Shiao International-Servoffice and Atlas Workspace, 2019
8.7. Company Profiles for Major Players in China Flexible Workspace Market
(Parameters: Company Overview, Business Strategy, Service Offerings, Partners, Financials, Recent Developments, Mergers and Acquisitions, Funding Rounds, Number of Centres and Average Desk Cost)
8.7.1. WeWork
8.7.2. IWG
8.7.3. Servcorp
8.7.4. The Executive Centre
8.7.5. Compass Office

9. China Flexible Workspace Market Future Outlook and Projection, 2019-2025F

9.1. Projected Growth Drivers in China Flexible Workspace Market
9.2. Future Supply Scenario in China Flexible Workspace Market, 2019-2025F
9.2.1. Future Supply On the Basis of Space and Number of Centers, 2019-2025F
9.2.2. Future Outlook of Supply By Type of Flexible Workspace (Hybrid or Integrated Space, Serviced and Co-Working Space) On the Basis of Space, 2019-2025F
9.2.3. Future Outlook of Supply By City (Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu and Guangzhou) On the Basis of Space, 2019-2025F
9.3. Future Demand Scenario in China Flexible Workspace Industry, 2019-2025F
9.3.1. Future Demand on the Basis of Occupied Space and Occupancy Rate, 2019-2025F
9.3.2. Future Demand By Type of End Users (Enterprise, MSME’s/Start Ups and Freelancers / Self Employed), on the Basis of Space, 2019-2025f
9.4. Future Demand-Supply Gap Analysis in China Flexible Workspace Market, 2019-2025F

10. Success Case Study of Ucommune

11. Analyst Recommendations

11.1. Analyst Recommendations for Potential New Entrants
What is the Ideal Space Structure For a Flexible Workspace in China?
What should be the Operational Timings of a Flexible Workspace in China?
What are the Upcoming Locations For Flexible Workspace in China?
What are the Different Revenue Streams for a Flexible Workspace Opeartor in China?
What Marketing Strategies can be Adopted by Flexible Workspace Brands in China?
What are the Various Source of Investment for Flexible Workspace Brands in China?
What is the Target Audience of Flexible Workspaces in China?
Best Practise in Business: Upcoming Business Strategies
How can Flexible Workspaces Attract People from Commercial Office Space to a Flexible Workspace?
11.2. Analyst Recommendations for Existing Players
Focus on Inorganic Growth
Focus on Increasing Occupancy in Existing Location
Focus on Non Rental Revenue Streams
Develop Strategic Partnerships
Focus on Development of Technological Infrastructure
Disclaimer
Contact Us


List Of Figure

Figure 1-1: Flowchart Depicting China Flexible Workspace Supply and Demand, 2019
Figure 1-2: Flowchart Depicting China Flexible Workspace Supply and Demand, 2025F
Figure 3-1: Factor Leading to Emergence of Flexible Workspaces in China, 2019
Figure 3-2: Commercial Office Rent in Different Cities in China in USD per Sqm per Month, 2018
Figure 3-3: Number of Corporate Enterprises in China in Million Units and Growth Rate in Percentage (%), 2014-2019
Figure 3-4: Early Stage Business in China by Industry in Percentage (%), 2018
Figure 4-1: Existing Gaps (Focus on Only Conventional Locations, Lack of Industry Specific Flexible Workspace Centers, Oversupply and Lack of Profitability and Sustainability) in China Flexible Workspace Market, 2019
Figure 5-1: Value Chain Analysis for China Flexible Workspace Market, 2019
Figure 5-2: Emerging Flexible Workspace Business Models including Lease Model, Joint Venture Model, Management Model and Franchise Model, 2019
Figure 5-3: Flowchart of Revenue Streams in China Flexible Workspace Market, 2019
Figure 5-4: Flowchart of Organizational Structure in a Flexible Workspace, 2019
Figure 5-5: Types of Flexible Workspaces Including Traditional Co-Working Space, Niche Co-Working Spaces, Lifestyle Co-Working Spaces, Serviced Offices and Nomadic Spaces
Figure 5-6: Online Marketing Strategies Adopted by Flexible Workspace Operators
Figure 5-7: Offline Marketing Strategies Adopted by Flexible Workspace Operators
Figure 6-1: China Flexible Workspace Market Timeline of Major Players (Ucommune, IWG (Regus + Spaces), WeWork, MyDreamPlus, Distrii, Kr Space, SOHO 3Q, The Executive Centre, People Squared, Compass Office, Servoffice and Atlas Workspace) including Year of Establishment, Number of Centers and Average Desk Cost in USD, As of December 2019
Figure 7-1: Supply in China Flexible Workspace Market on the Basis of Available Space in NLA Million Sq Ft and Number of Centers in Units, 31st December, 2016- 31st December 2019
Figure 7-2: China Flexible Workspace Market Supply by Type of Flexible Workspace (Hybrid or Integrated Space, Serviced and Co-Working Space) on the Basis of Space in Percentage (%),31st December, 2016- 31st December 2019
Figure 7-3: China Flexible Workspace Market Supply by City (Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu, Guangzhou and Rest of China) on the Basis of Space in Percentage (%),31st December, 2016- 31st December 2019
Figure 7-4: Demand in China Flexible Workspace Market on the Basis of Occupied Space in (NLA) Million Sq Ft and Occupancy Rate in Percentage (%),31st December, 2016- 31st December 2019
Figure 7-5: China Flexible Workspace Market Demand by End Users (Enterprise, MSME’s/Start Ups and Freelancers / Self Employed) on the Basis of Occupied Space in Percentage (%),31st December, 2016- 31st December 2019
Figure 7-6: China Flexible Workspace Market Demand and Supply in NLA Million Sq Ft, as on 31st December, 31st December, 2016- 31st December 2019
Figure 7-7: China Flexible Workspace Market Average Hot Desk Cost, Average Dedicated Desk Cost and Average Private Office Cost in USD Per Month, 31st December, 2019
Figure 8-1: Number of Lease Signed by WeWork, 2016-2018
Figure 8-2: Usable Area Added by WeWork in NLA Million Sq.Ft, 2016-H1 2019
Figure 8-3: Occupancy Rate by Year of WeWork’s Location Opening at Different Time Period of the Year, in Percentage (%), 2016-2018
Figure 8-4: IWG’s Revenue in APAC in USD Million and Growth Rate in Percentage (%), 2013-H1 2019
Figure 8-5: IWG’s Mature Occupancy Rate in Percentage (%), 2015-H1 2019
Figure 8-6: IWG’s Total Number of Workstations in APAC, 2014-H1 2019
Figure 8-7: IWG’s Total Number of Centers in APAC, 2015-H1 2019
Figure 8-8: Average Occupancy Rate in IWG’s Centers in APAC in Percentage (%), 2014-H1 2019
Figure 8-9: Servcorp’s Franchise Fee Income in USD Thousand and Growth Rate in Percentage (%), FY’2015-FY’2019
Figure 9-1: China Flexible Workspace Market Future Projection on the Basis of Supply in NLA Million Sq Ft and Number of Centers in Units, 2019-2025F
Figure 9-2: China Flexible Workspace Market Future Supply by Type of Flexible Workspace (Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Spaces) on the Basis of Space in Percentage (%), 2019-2025F
Figure 9-3: China Flexible Workspace Market Future Supply by City (Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu, Guangzhou and Rest of China) on the Basis of Space in Percentage (%), 2019-2025F
Figure 9-4: Future Demand in China Flexible Workspace Market on the Basis of Occupied Space in (NLA) Million Sq Ft and Occupancy Rate in Percentage (%), 2019-2025F
Figure 9-5: China Flexible Market Future Demand By End Users (Enterprise, MSME’s/Start Ups and Freelancers / Self Employed) on the Basis of Occupied Space in Percentage (%), 2019-2025F
Figure 9-6: China Flexible Workspace Market Future Demand and Supply in NLA Million Sq Ft, 2019-2025
Figure 10-2: Flowchart Depicting Ucommune’s Business Model, 2019
Figure 10-1: Ucommune’s Revenue by Workspace Membership, Marketing and Branding Services and Other Services in Percentage, 30th September 2018- 30th September 2019
Figure 11-1: WeWork’s Occupier Profile by Sector by Desk, 2017


List Of Table

Table 2-1: Consolidated Research Approach of China Flexible Workspace Market
Table 2-2: Sample Size Inclusion Table Including Flexible Workspace Operators, Real Estate Companies, Brokers & Aggregators and Industry Experts
Table 2-3: Sample Size Inclusion Table Including Respondent Category and Percentage of Sample Size
Table 2-4: Tentative Set of Important Questions Asked by Mode of Entities and Desired Outcome
Table 3-1: List of Top 20 Most Expensive Prime Office Space in the World on the Basis of Occupancy Cost in USD Per Sq Ft Per Annum, Q1 2019
Table 3-2: Changes in China Flexible Workspace Market on the Basis of Geographical Reach, End Users and Players Pre 2017 and Post 2017
Table 4-1: Entities involved in Different Phases of Value Chain in China Flexible Workspace Market, 2019
Table 4-2: Pros and Cons of Different Flexible Workspace Business Models including The Lease Model, Joint Venture Model, Management Model and Franchise Model, 2019
Table 4-3: Description of Organizational Roles by Hierarchy in a Flexible Workspace, 2019
Table 4-4: Target Audience including Remote from the Headquarter Client, Distributed Company Employee, Partially Remote Workers, Digital Nomads, Freelancers, Startups, Small Teams, Enterprise Clients, Non-Profit Organization and Event Organizers for a Co-Working Space on the Basis of Preferred Membership, 2019
Table 6-1: Examples of Flexible Workspaces in Prime Location and Quality Buildings in Beijing
Table 6-2: List of Flexible Workspace Companies with Real Estate Background and IT Background in China, 2019
Table 6-3: Flexible Workspace Industry Penetration Rate in Shanghai, Beijing, Shenzhen, Chengdu, Guangzhou and Hong Kong in Percentage (%), 31st December 2019
Table 6-4: Cross Comparison between Types of Flexible Workspaces in China (Hybrid or Integrated Space, Serviced Space and Co-Working Space) on the Basis of Definition, Client Focus, Pros, Cons and Average Lease Period, 2019
Table 6-5: China Flexible Workspace Market Supply by Type of Flexible Workspace (Hybrid or Integrated Space, Serviced and Co-Working Space) on the Basis of Space in NLA Million Sq Ft and CAGR (2016-2019) in Percentage (%),31st December, 2016- 31st December 2019
Table 6-6: China Flexible Workspace Market Supply by City (Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu, Guangzhou and Rest of China) on the Basis of Space in NLA Million Sq Ft and CAGR (2016-2019) in Percentage (%),31st December, 2016- 31st December 2019
Table 6-7: Cross Comparison between Flexible Workspace Market in Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu and Guangzhou on the Basis of Supply of Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Office Space in NLA Million Sq Ft, 31st December, 2019
Table 6-8: Cross Comparison between Flexible Workspace Market in Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu and Guangzhou on the Basis of Supply of Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Office Space in Percentage (%), 31st December, 2019
Table 6-9: Cross Comparison between Flexible Workspace Market in Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu and Guangzhou on the Basis of Number of Centers, Occupancy Rate, Average Private Office Price (USD Per Person Per Month), Average Dedicated Desk Price (USD Per Person Per Month), Average Hot Desk Price (USD Per Person Per Month) and Average Price Per Desk (USD Per Person Per Month), 2019
Table 6-10: Cross Comparison of Flexible Workspace End Users in China by Enterprise, MSME’s/Start Ups and Freelancers / Self Employed on the Basis of Preferred Desk Type, Average Subscription Period, Team Size and Motive, 2016-2019
Table 6-11: China Flexible Workspace Market Demand by End Users (Enterprise, MSME’s/Start Ups and Freelancers / Self Employed) on the Basis of Occupied Space in (NLA) Million Sq Ft and CAGR (2016-2019) in Percentage (%),31st December, 2016- 31st December 2019
Table 6-12: China Flexible Workspace Market Demand-Supply Gap in NLA Million Sq Ft and Growth Rate in Percentage (%),31st December, 2016- 31st December 2019
Table 8-1: Competitive Scenario in China Flexible Workspace Market Including Competition Stage (Nature of the Market, Competition Scenario and Business Sustainability), Company Position and Competition Parameters (Product Offering, Value Added Services, Rental Rate, Market Experience, Geographical Presence, Strategic Partnerships and Office Infrastructure), 2019
Table 8-2: China Flexible Workspace Market Share of Major Players (Ucommune, IWG (Regus + Spaces), WeWork, MyDreamPlus, Distrii, Kr Space, SOHO 3Q, The Executive Centre, People Squared, Compass Office, Servoffice, Atlas Workspace and Others) on the Basis of Number of Centers, 31st December 2019
Table 8-3: Shanghai Flexible Workspace Market Share of Major Players (WeWork, IWG (Regus + Spaces), People Squared, Distrii, SOHO 3Q, Ucommune, Kr Space, Atlas Workspace, Linckia, Mixpace and Others) on the Basis of Number of Centers, 31st December 2019
Table 8-4: Beijing Flexible Workspace Market Share of Major Players (Ucommune, WeWork, MyDreamPlus, Regus, WePlus, Servoffice, Distrii Kr Space, SOHO 3Q, The Executive Centre and Others) on the Basis of Number of Centers, 31st December 2019
Table 8-5: Hong Kong Flexible Workspace Market Share of Major Players ((IWG (Regus + Spaces), Compass Office, WeWork, The Executive Centre, The Hive, Garage Society, Servcorp, Ucommune and others) on the Basis of Number of Centers, 31st December 2019
Table 8-6: Shenzhen Flexible Workspace Market Share of Major Players (Ucommune, Regus, WeWork, SimplyWork, BeePlus, Nash Work, Atlas Workspace and Others) on the Basis of Number of Centers, 31st December 2019
Table 8-7: Chengdu Flexible Workspace Market Share of Major Players (WeWork, The Executive Centre, Ucommune, MyDreamPlus, Regus, Servoffice, Salmonist Co-working and Others) on the Basis of Number of Centers, 31st December 2019
Table 8-8: Guangzhou Flexible Workspace Market Share of Major Players (Regus, WeWork, The Executive Centre, Atlas Workspace, Ucommune, BeePlus, Kr Space and Others) on the Basis of Number of Centers, 31st December 2019
Table 8-9: Heat Map of Major Flexible Workspace Operators in China (Ucommune, Regus, WeWork, MyDreamPlus, Distrii Kr Space, SOHO 3Q, The Executive Centre, People Squared, Compass Office, Servoffice, Atlas Workspace and Others) on the Basis of Number of Centers in Different Cities (Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu, Guangzhou and Rest of China), 2019
Table 8-10: Mergers, Acquisition and Partnerships in China Flexible Workspace Market (Year, Target Company, Investor, Deal Value and Rationale), 2017-2019
Table 8-11: China Flexible Workspace Market Investment Rounds including Company, Investor, Year, Investment and Type of Finance, 2015-2019
Table 8-12: Cross Comparison between Major Local Players (Ucommune, MyDreamPlus, Distrii, Kr Space, SOHO 3Q, People Squared, Shiao International-Servoffice and Atlas Workspace) in China Flexible Workspace Market on the Basis of Revenue Streams and Business Strategy, 2019
Table 8-13: Cross Comparison between Major Local Players (Ucommune, MyDreamPlus, Distrii, Kr Space, SOHO 3Q, People Squared, Shiao International-Servoffice and Atlas Workspace) in China Flexible Workspace Market on the Basis of Management, Investors, Funding Rounds, Space in Sq Ft, 2019
Table 8-14: WeWork’s Company Profile including Company Overview, Business Segments, Business Strategy, Business Risk and Recent Developments, 2019
Table 8-15: WeWork’s Number of Centers, Average Hot Desk Cost, Average Dedicated Desk Cost and Starting Range for Private Office Cost in Different Cities in China, 2019
Table 8-16: Funding Raised by WeWork including Date, Investor’s Name and Type of Finance, in USD Billion, 2018-2019
Table 8-17: WeWork’s Workstation Capacity, Memberships, Enterprise Membership in Percentage (%) and Occupancy Rate in Percentage (%), 2016-2018
Table 8-18: WeWork’s Key Financials including Global Revenue, Loss from Operations and Net Loss in USD Million, 2016-H1 2019
Table 8-19: IWG’s Company Profile including Company Overview, Business Segments, Business Strategies and Recent Developments, 2019
Table 8-20: Regional Presence of IWG in China on the Basis of Number of Centers in Different Cities, 2019
Table 8-21: Space’s Average Hot Desk Cost, Average Dedicated Desk Cost and Starting Range for Private Office Cost in Different Cities in China, 2019
Table 8-22: IWG’s Financials including Overall Revenue, EBIT, PAT and Regional Revenue (Americas, EMEA, Asia Pacific, UK and others) in USD Million, 2013-H1 2019
Table 8-23: Servcorp’s Company Profile including Company Overview, Business Strategy, USP and Business Partners, 2019
Table 8-24: Servcorp’s Number of Centers, Average Hot Desk Cost, Average Dedicated Desk Cost and Private Office Cost in Different Cities in China, 2019
Table 8-25: Servcorp’s Key Financials including Revenue, EBIT, PAT and Regional Revenue (ANZ/SEA, North Asia, EME and USA) in USD Million, FY’2015-FY’2019
Table 8-26: Annual Rent Payment by Servcorp in USD Million and Growth Rate in Percentage (%), FY’2015-FY’2019
Table 8-27: The Executive Centre’s Company Profile including Company Overview, Revenue Streams, Business Strategy, Key Financials and Recent Developments, 2019
Table 8-28: The Executive Centre’s Geographical Presence in China on the Basis of Number of Centers in Different Cities in Units, 2019
Table 8-29: Compass Office Company Profile including Company Overview, Revenue Streams, Business Strategy and Number of Centers in China, 2019
Table 9-1: China Flexible Market Future Supply by Type of Flexible Workspace (Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Spaces) on the Basis of Space in NLA Million Sq Ft and CAGR (2019-2025F) in Percentage (%), 2019-2025F
Table 9-2: China Flexible Workspace Market Future Supply by City (Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu, Guangzhou and Rest of China) on the Basis of Space in NLA Million Sq Ft and CAGR (2019-2025F) in Percentage (%), 2019-2025F
Table 9-3: Future Projection of Flexible Workspace Market in Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu and Guangzhou on the Basis of Supply of Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Office Space in NLA Million Sq Ft, 2025F
Table 9-4: Future Projection of Flexible Workspace Market in Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu and Guangzhou on the Basis of Supply of Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Office Space in Percentage (%), 2025F
Table 9-5: Future Projection of Flexible Workspace Market in Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu and Guangzhou on the Basis of Supply CAGR (2019-2025F) of Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Office Space in Percentage (%)
Table 9-6: China Flexible Market Future Demand By End Users (Enterprise, MSME’s/Start Ups and Freelancers / Self Employed) on the Basis of Occupied Space in NLA Million Sq Ft and CAGR (2019-2025F) in Percentage (%), 2019-2025F
Table 9-7: China Flexible Workspace Market Demand-Supply Gap in NLA Million Sq Ft and Growth Rate in Percentage (%), 2019-2025F
Table 10-2: Ucommune’s Service offering including Description, 2019
Table 10-3: Ucommune’s Technological Ecosystem including U Bazaar, Udata and Smart Office Services, 2019
Table 10-1: Ucommune’s Financials including Revenue from Workspace Membership, Marketing and Branding Services & Other Revenue Streams, Total Revenue, Cost of Revenue from Workspace Membership, Marketing and Branding Services & Other Revenue Streams, Total Cost of Operation and Total Loss from Operation in USD Thousand, 30th September 2019- 30th September 2019
Table 10-4: Ucommune’s Mergers, Acquisitions and Partnerships including Target Company, Deal Value, Year and Rationale, 2018
Table 10-5: Ucommune’s Funding Rounds including Investor, Investment, Year and Type of Finance, 2016-2019
Table 11-1: Ideal Space Allocation in a Flexible Workspace, 2019
Table 11-2: Upcoming Locations for Flexible Workspaces in Hong Kong, Beijing, Shanghai, Shenzhen, Chengdu, Guangzhou, Wuhan, Xi’an, Nanjing, Hangzhou and Suzhou

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Products

Key Segments Covered

  • By Type of Flexible Workspace
    • Serviced Spaces
    • Hybrid Spaces
    • Co-Working Spaces
  • By City
    • Shanghai
    • Beijing
    • Shenzhen
    • Hong Kong
    • Chengdu
    • Guangzhou
  • By End Users
    • Enterprises
    • MSME’s/Start Ups
    • Entrepreneurs/Freelancers 


Companies

Flexible Workspace Operators

  • Ucommune
  • Regus
  • WeWork
  • MyDreamPlus
  • Distrii
  • Kr Space
  • SOHO 3Q
  • The Executive Centre
  • People Squared
  • Compass Office
  • Servoffice
  • Atlas Workspace