Market Overview:
The global serviced office leasing market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for serviced offices by businesses across different industries. The other segment is expected to account for the largest share of the global serviced office leasing market during the forecast period. This can be attributed to the growing demand for virtual offices and entity offices, which offer various benefits such as cost savings, convenience, and flexibility. The IT and telecommunications sector is expected to account for the largest share of the global serviced office leasing market duringthe forecast period.
Product Definition:
Serviced office leasing is the renting of a furnished office space which has been pre-made to cater to the needs of a business. This can include services such as reception, telephone answering, and mail handling. Serviced offices are often used by businesses who are in need of short-term or flexible office space.
Entity Offices:
The global entity offices, it's usage and growth factor in the serviced office leasing market is expected to witness significant growth over the forecast period. The major drivers for this market are increasing demand for business space by large enterprises due to rapid expansion of businesses across all regions and growing need among small & medium enterprises (SMEs) to reduce their operational costs.
Virtual Offices:
Virtual office services are becoming more popular among the small and medium-sized businesses. The main reason for this shift is cost efficiency. With traditional office space, costs can escalate quickly as leases are month to month and not long term. Virtual offices provide an excellent solution to these problems as they are just a software program that can be installed on computers at any location providing similar workplace experience like a physical office would offer.
Application Insights:
The IT and telecommunications application segment accounted for the largest share of over 30.0% in 2017. Serviced offices are widely used by companies operating in the IT and telecommunication sector as they offer a cost-effective method to reduce workplace clutter while maintaining high standards of service. The media and entertainment industry is one of the most prominent users of serviced offices as it offers an efficient way to manage both remote workers and local office locations, especially for small or medium-sized businesses that operate across multiple time zones or regions.
The retail and consumer goods segment is expected to register a notable CAGR exceeding 8% from 2018 to 2030 owing to factors such as increasing e-commerce activities, rising demand for online shopping services, rapid growth in mobile transactions, etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for flexible working hours and space by telecommunication, media and entertainment, IT and telecom professionals in countries such as China, India, Japan. In addition, rising number of small & medium enterprises in this region is anticipated to fuel the serviced office leasing industry growth over the next eight years.
North America accounted for more than 30% revenue share in 2017 owing to high concentration of service providers such as banks and financial services companies along with other corporate users across U.S., Canada & Mexico region. Europe also captured a significant market share due to presence of several technology giants such as Google Inc., Facebook Inc., Microsoft Corporation; hence driving upmarket requirements from virtual offices or meeting spaces offered by operators through their networked properties throughout major cities including London (U.K.
Growth Factors:
- Increased demand from small businesses and startups: The serviced office leasing market is expected to grow at a fast pace in the coming years, owing to the increased demand from small businesses and startups. These organisations are looking for flexible office spaces that can be easily scaled up or down as per their requirements.
- Proliferation of co-working spaces: Co-working spaces are becoming increasingly popular among entrepreneurs and freelancers due to the flexibility they offer in terms of membership plans, working hours, etc. This is likely to drive the growth of the serviced office leasing market in the coming years.
- Rise in number of mobile professionals: The number of mobile professionals is increasing rapidly across the world due to advancements in technology and changing workforce dynamics. This is leading to an increase in demand for flexible workspaces such as serviced offices, which can cater to their needs efficiently.
Scope Of The Report
Report Attributes
Report Details
Report Title
Serviced Office Leasing Market Research Report
By Type
Entity Offices, Virtual Offices, Other
By Application
IT and Telcommunications, Media and Entertainment, Retail and Consumer Goods
By Companies
WeWork Companies, Servcorp, Regus, IWG Plc, Bizspace Ltd, Croissant, Alley, Davinci Virtual, Greendesk, Hubble, Instant, JustCo, LiquidSpace, Office Freedom, Serendipity Labs, Breather Inc,, ShareDesk, The Office Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Serviced Office Leasing Market Report Segments:
The global Serviced Office Leasing market is segmented on the basis of:
Types
Entity Offices, Virtual Offices, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
IT and Telcommunications, Media and Entertainment, Retail and Consumer Goods
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- WeWork Companies
- Servcorp
- Regus
- IWG Plc
- Bizspace Ltd
- Croissant
- Alley
- Davinci Virtual
- Greendesk
- Hubble
- Instant
- JustCo
- LiquidSpace
- Office Freedom
- Serendipity Labs
- Breather Inc,
- ShareDesk
- The Office Group
Highlights of The Serviced Office Leasing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Entity Offices
- Virtual Offices
- Other
- By Application:
- IT and Telcommunications
- Media and Entertainment
- Retail and Consumer Goods
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Serviced Office Leasing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Serviced office leasing is a type of commercial real estate lease in which the tenant has access to a suite or room in an office building, but does not have their own desk and must share space with other tenants. This type of lease is often used by businesses that need temporary space, such as startups or small businesses that are expanding rapidly.
Some of the major players in the serviced office leasing market are WeWork Companies, Servcorp, Regus, IWG Plc, Bizspace Ltd, Croissant, Alley, Davinci Virtual, Greendesk, Hubble, Instant, JustCo, LiquidSpace, Office Freedom, Serendipity Labs, Breather Inc,, ShareDesk, The Office Group.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Serviced Office Leasing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Serviced Office Leasing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Serviced Office Leasing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Serviced Office Leasing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Serviced Office Leasing Market Size & Forecast, 2018-2028
4.5.1 Serviced Office Leasing Market Size and Y-o-Y Growth
4.5.2 Serviced Office Leasing Market Absolute $ Opportunity
Chapter 5 Global Serviced Office Leasing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Serviced Office Leasing Market Size Forecast by Type
5.2.1 Entity Offices
5.2.2 Virtual Offices
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Serviced Office Leasing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Serviced Office Leasing Market Size Forecast by Applications
6.2.1 IT and Telcommunications
6.2.2 Media and Entertainment
6.2.3 Retail and Consumer Goods
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Serviced Office Leasing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Serviced Office Leasing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Serviced Office Leasing Analysis and Forecast
9.1 Introduction
9.2 North America Serviced Office Leasing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Serviced Office Leasing Market Size Forecast by Type
9.6.1 Entity Offices
9.6.2 Virtual Offices
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Serviced Office Leasing Market Size Forecast by Applications
9.10.1 IT and Telcommunications
9.10.2 Media and Entertainment
9.10.3 Retail and Consumer Goods
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Serviced Office Leasing Analysis and Forecast
10.1 Introduction
10.2 Europe Serviced Office Leasing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Serviced Office Leasing Market Size Forecast by Type
10.6.1 Entity Offices
10.6.2 Virtual Offices
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Serviced Office Leasing Market Size Forecast by Applications
10.10.1 IT and Telcommunications
10.10.2 Media and Entertainment
10.10.3 Retail and Consumer Goods
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Serviced Office Leasing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Serviced Office Leasing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Serviced Office Leasing Market Size Forecast by Type
11.6.1 Entity Offices
11.6.2 Virtual Offices
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Serviced Office Leasing Market Size Forecast by Applications
11.10.1 IT and Telcommunications
11.10.2 Media and Entertainment
11.10.3 Retail and Consumer Goods
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Serviced Office Leasing Analysis and Forecast
12.1 Introduction
12.2 Latin America Serviced Office Leasing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Serviced Office Leasing Market Size Forecast by Type
12.6.1 Entity Offices
12.6.2 Virtual Offices
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Serviced Office Leasing Market Size Forecast by Applications
12.10.1 IT and Telcommunications
12.10.2 Media and Entertainment
12.10.3 Retail and Consumer Goods
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Serviced Office Leasing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Serviced Office Leasing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Serviced Office Leasing Market Size Forecast by Type
13.6.1 Entity Offices
13.6.2 Virtual Offices
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Serviced Office Leasing Market Size Forecast by Applications
13.10.1 IT and Telcommunications
13.10.2 Media and Entertainment
13.10.3 Retail and Consumer Goods
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Serviced Office Leasing Market: Competitive Dashboard
14.2 Global Serviced Office Leasing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 WeWork Companies
14.3.2 Servcorp
14.3.3 Regus
14.3.4 IWG Plc
14.3.5 Bizspace Ltd
14.3.6 Croissant
14.3.7 Alley
14.3.8 Davinci Virtual
14.3.9 Greendesk
14.3.10 Hubble
14.3.11 Instant
14.3.12 JustCo
14.3.13 LiquidSpace
14.3.14 Office Freedom
14.3.15 Serendipity Labs
14.3.16 Breather Inc,
14.3.17 ShareDesk
14.3.18 The Office Group
