Market Overview:
The global serviced office market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing demand for serviced offices by start-ups and small businesses, owing to the benefits offered by them such as flexibility in lease terms, reduced occupancy costs, and access to a wide range of amenities. In addition, the growing trend of coworking is also contributing significantly towards the growth of the global serviced office market. North America dominates the global serviced office market followed by Europe and Asia Pacific.
Product Definition:
A serviced office is an office that is rented or leased on a short-term basis, often with all the necessary furniture, equipment and services included. The advantage of a serviced office is that it can be used immediately without any additional setup costs or delays.
Flexible Lease:
Flexible lease is a type of commercial property lease wherein the lessor (Landlord) grants the right of use and occupation to the lessee ( Tenant) for a determinable period ranging from one month to five years. The lessee occupies the property with an option to acquire it on a permanent basis at the end of the term. Flexible lease was initially introduced in Europe, especially in France, as an alternative to traditional leases which were terminable at will.
Long Lease:
Long lease is a type of commercial property lease in which the lessor (the company leasing the property) has an option to purchase the asset (office building, shopping center, etc.) at a pre-determined price at some future date. The lessee usually occupies the whole space available and is responsible for all maintenance costs.
The serviced office market has been growing significantly over past few years owing to various factors such as increasing number of start-ups.
Application Insights:
The start-up segment held the largest market share of over 60.0% in 2017 and is expected to continue its dominance over the forecast period. The serviced office for startups provides a number of services such as business address, phone line, email id, website etc., all at a reasonable cost. Moreover, many companies prefer serviced offices for their start-ups as they offer flexible terms and conditions along with an array of facilities that are beneficial for small businesses.
The growing trend of remote working has led to an increased demand for Serviced Offices by large scale enterprises (LSEs). Large organizations usually have multiple locations where staff work from but they may not necessarily be near each other geographically speaking thus making it difficult to collaborate effectively resulting in reduced productivity which can be remedied by having a serviced office nearby thereby leading to increased adoption across large enterprises globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional segment over the forecast period. The growth can be attributed to an increase in start-ups and small and medium enterprises (SMEs). In 2016, India had more than 600 thousand registered companies whereas China has more than 300 thousand. Thus, there is a high demand for serviced office space from SMEs and start-ups in India as compared to other countries. Furthermore, with increasing disposable income of individuals across developing economies such as China & India; these regions are witnessing an influx of international clients requiring flexible working options for extended durations thereby driving the global market growth.
North America accounted for over 25% share of global revenue in 2017 owing to presence of numerous technology giants such as Google Inc., Facebook Inc., Microsoft Corporation etc.
Growth Factors:
- Increased demand from small businesses and startups: The serviced office market is growing rapidly due to the increased demand from small businesses and startups. These companies are looking for flexible, affordable office space that can accommodate their needs as they grow.
- Rise in telecommuting and remote work: The rise in telecommuting and remote work is another major driver of the serviced office market. With more people working remotely, there is a greater need for quality, affordable workspace options that allow employees to collaborate easily with one another.
- Growing popularity of co-working spaces: Co-working spaces are also becoming increasingly popular, as they offer an affordable and flexible alternative to traditional offices. Serviced offices often include access to co-working facilities, which helps business owners save money while still having access to all the necessary amenities.
Scope Of The Report
Report Attributes
Report Details
Report Title
Serviced Office Market Research Report
By Type
Flexible Lease, Long Lease
By Application
Start-up, Small Business
By Companies
Instant, Startups, Gorilla Property Solutions, OREGA MANAGEMENT LTD, Clockwise Offices, Prime Office Search, The Work Loft Co., Ltd., Allwork.Space, Regus, CSO, Servcorp
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Serviced Office Market Report Segments:
The global Serviced Office market is segmented on the basis of:
Types
Flexible Lease, Long Lease
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
Start-up, Small Business
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:
- Instant
- Startups
- Gorilla Property Solutions
- OREGA MANAGEMENT LTD
- Clockwise Offices
- Prime Office Search
- The Work Loft Co., Ltd.
- Allwork.Space
- Regus
- CSO
- Servcorp
Highlights of The Serviced Office 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:
- Flexible Lease
- Long Lease
- By Application:
- Start-up
- Small Business
- 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 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A serviced office is an office space that is leased by a business or organization. The tenant typically pays for the services of a professional landlord, who provides administrative and support services such as cleaning, security, and maintenance.
Some of the major companies in the serviced office market are Instant, Startups, Gorilla Property Solutions, OREGA MANAGEMENT LTD, Clockwise Offices, Prime Office Search, The Work Loft Co., Ltd., Allwork.Space, Regus, CSO, Servcorp.
The serviced office market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Serviced Office Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Serviced Office Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Serviced Office Market - Supply Chain
4.5. Global Serviced Office Market Forecast
4.5.1. Serviced Office Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Serviced Office Market Size (000 Units) and Y-o-Y Growth
4.5.3. Serviced Office Market Absolute $ Opportunity
5. Global Serviced Office Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Serviced Office Market Size and Volume Forecast by Type
5.3.1. Flexible Lease
5.3.2. Long Lease
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Serviced Office Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Serviced Office Market Size and Volume Forecast by Application
6.3.1. Start-up
6.3.2. Small Business
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Serviced Office Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Serviced Office Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Serviced Office Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Serviced Office Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Serviced Office Demand Share Forecast, 2019-2026
9. North America Serviced Office Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Serviced Office Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Serviced Office Market Size and Volume Forecast by Application
9.4.1. Start-up
9.4.2. Small Business
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Serviced Office Market Size and Volume Forecast by Type
9.7.1. Flexible Lease
9.7.2. Long Lease
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Serviced Office Demand Share Forecast, 2019-2026
10. Latin America Serviced Office Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Serviced Office Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Serviced Office Market Size and Volume Forecast by Application
10.4.1. Start-up
10.4.2. Small Business
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Serviced Office Market Size and Volume Forecast by Type
10.7.1. Flexible Lease
10.7.2. Long Lease
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Serviced Office Demand Share Forecast, 2019-2026
11. Europe Serviced Office Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Serviced Office Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Serviced Office Market Size and Volume Forecast by Application
11.4.1. Start-up
11.4.2. Small Business
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Serviced Office Market Size and Volume Forecast by Type
11.7.1. Flexible Lease
11.7.2. Long Lease
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
1.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Serviced Office Demand Share, 2019-2026
12. Asia Pacific Serviced Office Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Serviced Office Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Serviced Office Market Size and Volume Forecast by Application
12.4.1. Start-up
12.4.2. Small Business
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Serviced Office Market Size and Volume Forecast by Type
12.7.1. Flexible Lease
12.7.2. Long Lease
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Serviced Office Demand Share, 2019-2026
13. Middle East & Africa Serviced Office Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Serviced Office Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Serviced Office Market Size and Volume Forecast by Application
13.4.1. Start-up
13.4.2. Small Business
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Serviced Office Market Size and Volume Forecast by Type
13.7.1. Flexible Lease
13.7.2. Long Lease
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Serviced Office Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Serviced Office Market: Market Share Analysis
14.2. Serviced Office Distributors and Customers
14.3. Serviced Office Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Instant
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Startups
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Gorilla Property Solutions
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. OREGA MANAGEMENT LTD
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Clockwise Offices
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Prime Office Search
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. The Work Loft Co., Ltd.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Allwork.Space
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Regus
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CSO
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Servcorp
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
