Global Information Technology (IT) and social media companies are expanding their footprints in the Asia-Pacific region following the unprecendented growth in social media use in recent years. Used to a more flexible way of working and looking for a quick, efficient office set-up and low-cost structure to hit the ground running, many IT firms prefer to use serviced offices.
The Executive Centre is one of the serviced office chains benefiting from this influx, gradually increasing its market share in this sector. The IT sector, which includes social media companies, accounts for 21% of The Executive Centre’s client portfolio. Data from the company shows a remarkable increase of 92% y-o-y in the new business from IT-sector clientele across the Asia-Pacific in the last year’s 4th quarter.