Kuala Lumpur Fastest Growing Asian City for Coworking Supply
April 09, 2019 / Monsef Rachid
In 2018, flexible workspace centre supply in Kuala Lumpur grew by 36%, making it the fastest growing key city in the APAC region, outpacing fast-growing markets in Gurugram, Chennai, Brisbane, Hong Kong, Sydney and Singapore. Research by Instant Offices highlights why Kuala Lumpur remains a dynamic hub of activity for domestic and international markets, despite some of the most expensive markets for office space falling in the Asia-Pacific region Last year in Kuala Lumpur, supply of hybrid office space increased by 31%, while pure co-working space and serviced offices saw 10% and 7% growth respectively. An average desk rate of RM 886 across the city indicates the strength of the market.