Hong Kong shared office operator TEC bets on Greater Bay Area to boost business even as Covid-19 pandemic hits demand

The outlook for the shared office segments in Hong Kong and Guangzhou is gloomy, with demand likely to decrease as the economic slump brought on by the Covid-19 pandemic forces companies to reassess their need for bigger work spaces, according to Colliers International.The office markets in the two cities – both part of Beijing’s Greater Bay Area initiative – will be challenging this year, said a report by the property consultancy.The Executive Centre, which provides flexible office space…

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