Shared office is sought after, and there are huge business opportunities to help office buildings "destock"

  Xinhua News Agency, Chengdu, November 6 (Yang Wenhao, Hu Xu) Shared office is booming under the wave of sharing economy and double innovation. Many shared office enterprises, including SOHO China, have recently set their sights on Chengdu. With a large number of projects landing one after another, the long-term surplus office market in Chengdu has also ushered in a "warm winter".

  WORK+ joint office space located in Tianfu New Valley, Chengdu High-tech Zone, has become one of the hottest shared office projects in Chengdu at present because of cutting-edge and fashionable decoration design and housekeeper-style intimate service. Its two-story space of nearly 8,000 square meters provides more than 800 workstations, which have served more than 50 small and micro enterprises.

  WORK+ is just a microcosm of shared office being sought after in Chengdu. In recent years, Chengdu’s "double innovation" policy has been further promoted, entrepreneurial groups have been growing, and a large number of small and micro enterprises have emerged rapidly. Start-up companies have small teams and insufficient funds, and the shared office with relatively high cost performance has become their first choice.

  The increase in demand immediately leads to the expansion of supply. Many well-known shared office service providers, such as Dream Plus, Chivalrous Island, Sugar Cube Town and Walnut, have settled in various office buildings in Chengdu. The latest entrant is SOHO 3Q shared office project under SOHO China.

  Pan Shiyi, chairman of SOHO China, believes that from the perspective of market acceptance, Chengdu’s main population has been on the same starting line as first-tier cities, and there are huge business opportunities for sharing office.

  According to the data released by Colliers International, a real estate service company, the vacancy rate of Chengdu office market has remained above 30% for a long time due to long-term oversupply. In the third quarter of this year, although two new projects brought a huge supply of nearly 100,000 square meters, the average vacancy rate increased slightly by only 0.1% from the previous month.

  In this regard, Colliers International reported that with the continuous optimization of the economic and investment environment, the upgrading of industrial structure and the expansion of the consumer market in Chengdu, a large number of domestic and foreign enterprises have expanded here, especially the rapid development of science and technology and joint office industries, which has led to a significant increase in the cases of bulk leasing and rent expansion in the Grade A office market.