The report suggested that the shared office market has grown rapidly within Seoul due to changes in business models. (image: Lotte Asset Development Co.)
SEOUL, Jan. 16 (Korea Bizwire) — IGIS Asset Management Co. shared a report on Tuesday which analyzes the backdrop and prospects of office sharing in the Seoul Metropolitan Area. According to the report, office sharing accounts for 90 percent of service-oriented office leases in Seoul.
Commercial office space is typically divided into general office and service-oriented office space.
The report indicated that there has been a shift from general office space to service-oriented office space, which offers more than just a space to work, such as convenient facilities.
Service-oriented offices are subdivided into small offices or office hotels, also known as SOHO, business centers providing secretarial services and places for meeting preparation, and shared offices where large businesses share large office spaces.
The report suggested that the shared office market has grown rapidly within Seoul due to changes in business models.
Such changes were derived from the advent of the Fourth Industrial Revolution and the revitalization of the sharing economy.
Ashley Song (ashley@koreabizwire.com)
