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20-30% growth seen in co-working spaces in 2018

Workspace solutions provider Regus Philippines is projecting around 20 percent to 30 percent growth in co-working spaces this year driven by the country's young workforce and growing small, medium enterprises (SMEs).

"The industry of co-working, flexible work spaces is going to grow by 20-30 percent," Lars Wittig, country manager for Regus Philippines, said in a press conference on Friday.

Wittig said that currently, only one to two percent of office inventories are for flexible or co-working spaces.

"The Philippines is an emerging economy, like the Philippines, 85 percent it is driven by the SMEs... also you have a  young population which are educated, English-speaking, and very tech savvy," he said.

"I'm very optimistic because economies are doing very well," he added. —Ted Cordero/JST, GMA News