Recent years have seen the rapid expansion of flexible office space, such as co-working and serviced offices, in the world’s major office markets, and Seoul is no exception.

Initially driven by the start-up boom, demand for greater variety among both employees and corporates, and advances in technology allowing people to work anywhere at any time, growth has been given added impetus from large corporations attracted by the freedom flexible office space offers around lease terms and size, as well as the opportunities it creates for collaboration and innovation.

This special report by CBRE Research Korea summarises the findings of our recent survey on flexible office space in Seoul, as of May 2018, primarily focusing on the co-working and serviced office sectors, and assesses its impact on landlords and occupiers.