Serviced Office Market Report 2026

The serviced office market size has grown rapidly in recent years. It will grow from $45.37 billion in 2025 to $52.19 billion in 2026 at a compound annual growth rate (CAGR) of 15%. The growth in the historic period can be attributed to rise in entrepreneurial ecosystems, growing number of startups globally, increasing demand for scalable workspace models, cost optimization preferences among businesses, expansion of corporate remote support offices.

The serviced office market size is expected to see rapid growth in the next few years. It will grow to $91.83 billion in 2030 at a compound annual growth rate (CAGR) of 15.2%. The growth in the forecast period can be attributed to growing hybrid work environments, rising demand for premium business infrastructure, increasing emphasis on mobility friendly office spaces, expanding adoption among multinational companies, rising investment in modern office space development. Major trends in the forecast period include growing preference for flexible workspace solutions, rising demand from startups and smes, increasing shift toward cost efficient office models, growing integration of smart workspace facilities, rising adoption of short term leasing solutions.

The growing adoption of work-from-home arrangements is expected to support the expansion of the serviced office market going forward. Work from home (WFH) is a modern employment model in which employees perform their job duties remotely, typically from their residences rather than traditional office locations. While remote work offers flexibility, it can limit access to professional meeting and collaboration spaces. Serviced offices address this gap by providing fully equipped meeting rooms, conference facilities, and professional environments that remote workers can utilize for client meetings or team collaboration when needed. For instance, in February 2023, according to the Office for National Statistics, a UK-based statistics authority, between September 2022 and January 2023, 44% of workers reported working from home or in hybrid arrangements, while 56% traveled exclusively to a workplace, including 28% in hybrid roles and 16% working entirely from home. Therefore, the rising demand for work-from-home and hybrid working models is driving the growth of the serviced office market.

Major companies operating in the serviced office market are emphasizing innovative solutions, such as advanced digital workplace experience-as-a-service, to deliver businesses a seamless, efficient, and secure digital workplace that improves collaboration and productivity within a hybrid work environment. Advanced digital workplace experience-as-a-service refers to an integrated, cloud-based solution that combines technology, tools, and support services to boost employee productivity and collaboration in a secure and flexible work setting. For example, in February 2024, HCL Technologies Limited, an India-based IT solutions company, introduced FlexSpace 5G, which is designed to enhance efficiency and security for global enterprises. This solution offers capabilities such as end-to-end device lifecycle management, high-speed and reliable connectivity powered by Verizon’s 5G network, and support for hybrid work models, significantly improving collaboration and productivity while addressing data security challenges for remote workers.

In May 2025, Crosstree Real Estate Partners, a UK-based investment and real estate firm, acquired Argyll, a serviced office provider, for $0.4 billion. This acquisition was intended to expand Crosstree’s presence in the flexible workspace and serviced office market by strengthening its portfolio and capitalizing on increasing demand for flexible commercial real estate solutions. Argyll Holdings Ltd is a UK-based company that specializes in delivering fully managed serviced office spaces and flexible workplace solutions to corporate and small and medium-sized enterprise clients.

Major companies operating in the serviced office market report are WeWork Inc, IWG plc, Servcorp, Compass Offices, Greendesk, JustCo, Davinci Virtual, Workbar, Orega Management Ltd, Instant Offices, Regus, Space Works, Innov8 - Vikhroli, Red Bricks, 91 Springboard - Yerwada, Spring House Coworking, IndiQube, The Executive Centre, ARCC, Bizspace, Flexspace, Workspace Group, The Office Group, Landmark Space Limited, NewFlex, WORKIN, City Space, Business Lab, Clockwork, Croissant, LiquidSpace, Serendipity Labs, Knotel, ShareDesk, Breather Inc, BeerOrCoffee, A4-Space, Nook, Nest, Our-Space, Letswork, WitWork, Office Freedom.

Asia-Pacific was the largest region in the serviced office market in 2025. North America was the second largest region in the global serviced office market share. The regions covered in the serviced office market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the serviced office market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The serviced office market consists of revenues earned by entities by providing services such as dedicated receptionists, administrative support as well and facilities such as conference rooms, meeting rooms, air conditioning, and other utilities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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