In line with markets in the west, Asia is embracing the shared economy. The last 12 months have seen huge growth in the adoption of shared workspaces as large companies scrap conventional office layouts and embrace hot-desking and collaborative working environments.
This year’s survey shows a strong shift away from last year’s favourites – which featured core markets in Japan and Australia – in favour of emerging-market destinations including India, Vietnam and the Philippines.
Other major survey findings include steep declines in the popularity of gateway cities (except Shanghai). In particular, Singapore – an investor favourite just a few years ago – has declined in rankings as it struggles with overcapacity, falling demand and a slump in its residential sector.
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