Co-working space has expanded rapidly in the two main cities of Hanoi and Ho Chi Minh City since the concept was first introduced to Vietnam in 2012 at an average growth rate of 58%. With co-working space still so new to the local market, and major international operators yet to enter, growth is set to accelerate further in the coming years.
The growth of co-working space has been driven by the start-up boom, but the model is emerging as a viable option for corporate occupiers thanks to its flexibility, creativity and a wide range of amenities for tenants. It also offers a far more cost-effective solution for tenants compared to traditional leased office space.
CBRE Vietnam’s Major Report on Co-working Space looks at recent growth trends, supply – demand dynamics of the co-working space industry to analyse the implications to tenants and landlords.
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