Story perspectives

Multinationals Drive Shift in Asia-Pacific Office Market

12/21/2025

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Summary

Story summary

Landlords in Hong Kong and Singapore rely on flexible office operators as multinational demand reshapes the market.
Global companies account for 41% of Asia-Pacific flexible office users, vs 14% in North America.
Piers Mallitte of Savills notes the shift reflects a new risk profile, with creditworthy multinationals rather than startups.
This evolution enables landlords to conduct due diligence and adjust financial strategies, as Hong Kong and Singapore fundamentals differ.

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Story summary

Landlords in Hong Kong and Singapore rely on flexible office operators as multinational demand reshapes the market.
Global companies account for 41% of Asia-Pacific flexible office users, vs 14% in North America.
Piers Mallitte of Savills notes the shift reflects a new risk profile, with creditworthy multinationals rather than startups.
This evolution enables landlords to conduct due diligence and adjust financial strategies, as Hong Kong and Singapore fundamentals differ.