The latest data from the Central Statistics Organisation revealed that 98% of more than 125,000 businesses registered in Myanmar are considered SMEs.

Moreover, out of the 21.9 million workers, 85% are considered working in unregistered SMEs. With the continuous reforms and programs from the government, Colliers believes that the growth of these enterprises will play a critical role in fuelling the demand for flexible workspaces in Yangon.

At present, the total stock reached approximately a thousand workstations (e.g. meeting rooms, flexible desks, etc.), representing some 18 business centers - catering to both local and foreign business entities initially establishing a presence in the city.

While it is a relatively new offering within the market, the flexi-space model by its nascent nature will remain a niche activity: the dominance of traditional office space will remain pronounced and will not be challenged. Nevertheless, landlords should not disregard this product as its growing importance points to ways of thinking and doing business that will impact their business model in the long run.

Source: Colliers International Myanmar,

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