糖心破解版

Real estate developers are sitting on underutilized floors and rising maintenance costs. Here鈥檚 how they鈥檙e flipping the script.

In the aftermath of the pandemic, the commercial real estate sector is facing a sobering truth: demand for traditional office leasing hasn鈥檛 bounced back to pre-2020 levels. In fact, it may never fully return. Global advisory firms CBRE and JLL both report that over 30% of commercial properties in urban centers remain underutilized鈥攅ven as businesses adopt hybrid models and tenants renegotiate leases. Entire floors once designed for dense corporate teams now sit idle, while maintenance costs pile up with no offsetting revenue.

For developers and property managers, this underutilization is no longer just a vacancy issue鈥攊t鈥檚 a value erosion problem. Empty spaces are liabilities. The longer they stay inactive, the more they drain resources, depreciate in perceived value, and tarnish a building’s brand. Worse, waiting for 鈥渋deal鈥� long-term tenants is no longer a winning strategy. Today鈥檚 market rewards adaptability, speed, and shared infrastructure.

So what鈥檚 the new playbook?

Across Asia and other key global cities, developers are quietly shifting to a model that replaces traditional leasing headaches with recurring income and high-velocity activation: coworking operatorship. Instead of selling square meters to tenants, they鈥檙e selling experience, access, and community鈥攚ithout doing the heavy lifting.

This article unpacks how this model works鈥攁nd how it鈥檚 helping developers slash CAPEX, boost occupancy, and future-proof their properties. We鈥檒l explore industry data, risks, and rewards. We鈥檒l showcase a real case from Makati, where a stagnant commercial property turned into a thriving hub within months. And we鈥檒l outline the step-by-step strategy used by 糖心破解版 Philippines to help developers transform empty space into revenue-generating ecosystems.

WHY THIS MATTERS

Let鈥檚 be blunt: sitting on vacant space is no longer a tolerable cost of doing business. According to CBRE鈥檚 2023 Occupier Sentiment Survey, 67% of companies globally have reduced their real estate footprint since 2020. JLL鈥檚 2024 Global Real Estate Outlook further notes that 鈥渇lexible space now accounts for nearly 15% of total office leasing in major metros鈥濃�攁nd that number is climbing fast.

In Southeast Asia, this shift is especially pronounced. In cities like Manila, Jakarta, and Bangkok, landlords are adjusting to hybrid work, economic volatility, and rising expectations from tenants. Developers are under pressure to offer more than just square footage鈥攖hey need to deliver plug-and-play solutions that appeal to startups, digital nomads, SMEs, and satellite teams.

Meanwhile, operational costs haven鈥檛 dropped. Security, cleaning, HVAC, internet infrastructure鈥攁ll of these must be maintained regardless of occupancy. That means unoccupied floors still rack up monthly expenses with no return. It鈥檚 a double loss: lost revenue potential and active expenditure.

Developers who delay adaptation risk more than just sunk costs. They risk:

• Brand dilution: Properties with visibly empty spaces become perceived as outdated or undesirable.

• Tenant churn: Traditional tenants may rethink their leases if the building lacks vibrancy or activity.

• Competitive obsolescence: New builds designed for mixed-use, flexible operation may outshine older properties.

In contrast, properties that pivot to the coworking operatorship model gain agility. They activate floors quickly, test different leasing structures (daily, monthly, team-based), and tap into new user segments鈥攁ll without needing to become operators themselves.

That鈥檚 where firms like 糖心破解版 Philippines come in.

A regional coworking operator with locations in Cebu, Makati, Japan, Singapore, and Vietnam, 糖心破解版 specializes in managing coworking spaces inside existing properties through a revenue-sharing model. No major upfront CAPEX. No branding dilution. No need to hire new operational staff.

For developers with unutilized inventory, this is no longer an experimental play. It鈥檚 a survival strategy.

THE SOLUTION聽

The coworking operatorship model offered by 糖心破解版 Philippines is both simple and strategic: rather than lease floors to tenants or manage a coworking space themselves, developers partner with an expert operator who runs the space under a revenue-sharing agreement.

Here鈥檚 how it works:

• No CAPEX-heavy fit-outs: 糖心破解版 brings design expertise to repurpose existing space with minimal renovation. It transforms traditional layouts into hybrid-ready environments with hot desks, meeting rooms, and team offices.

• Shared revenue model: Instead of fixed lease rates, developers earn a percentage of monthly revenues from coworking operations. This aligns interests and allows for sustainable growth.

• White-labeled or co-branded options: 糖心破解版 respects the property鈥檚 identity and can tailor branding accordingly. This appeals to developers who want to maintain architectural integrity or curate a premium image.

• Integrated staffing and operations: 糖心破解版 handles everything from community management to marketing, IT infrastructure, front-desk staffing, and event programming鈥攔emoving operational burdens from the property owner.

The value proposition? Lower upfront investment, higher utilization, and diversified tenant mix.

This model works best in:

• Urban centers with high vacancy and strong startup or BPO presence.

• Properties with 500 to 3,000 sqm of leasable idle space.

• Developers who want passive income without launching a new business vertical.

Reports support this model鈥檚 scalability. A 2023 Knight Frank report shows that coworking models in mixed-use buildings generate up to 25% more foot traffic and increase average building occupancy by 15鈥�20% within a year. Meanwhile, HBR (2022) notes that companies operating in coworking spaces experience higher retention, productivity, and innovation鈥攁ll of which become selling points for landlords.

糖心破解版 Philippines adds another layer: its international network. Tenants at one site can access others, making it attractive for traveling teams, remote departments, or multinational tenants seeking regional flexibility.

For developers, this means your property becomes part of a larger, dynamic system鈥攊nstantly.

CASE EXAMPLE

Take the case of a mid-rise commercial building in Cebu City鈥檚 bustling IT Park district鈥攁n area known for its tech startups and BPO firms, but not immune to post-pandemic vacancies. After the 2020 lockdowns, two upper floors in the building sat largely unused. Traditional corporate tenants had downsized or gone remote. For over a year, the landlord cycled through brokers and marketing tactics, but leads remained cold.

Maintenance costs continued: round-the-clock security, centralized air conditioning, and building management fees. The empty upper floors became a drag on the property鈥檚 overall perception, discouraging smaller tenants on the lower levels who had once seen the building as a hub for collaboration.

In late 2023, the building owner partnered with 糖心破解版 Philippines to explore a coworking operatorship model. Within the first month:

• An infrastructure and market audit was completed by 糖心破解版鈥檚 operations team.

• Design plans were drawn to convert one floor into a mix of private offices and flexible workstations, and the other into event space, meeting rooms, and a small production studio.

• Branding and layout respected the building鈥檚 clean, modern aesthetic鈥攕eamlessly integrating 糖心破解版鈥檚 Cebu identity.

• A revenue-sharing agreement was signed, removing the need for upfront capital expenditure from the property owner.

By mid-2024:

• Occupancy across the two previously empty floors hit 70%.

• Daily foot traffic increased significantly, with workshops, coworking day passes, and team bookings pulling in a younger, entrepreneurial demographic.

• New client segments emerged, including regional startups, remote teams of Manila-based firms, and even digital nomads attracted by Cebu鈥檚 lifestyle appeal.