Office platform company Fast Five announced that it has released its '2026 Shared Office Trends' based on analysis of office usage data from 2025.
According to the analysis, the average contract length for all contracts (including renewals) in 2025 was 7.37 months, while the average for new contracts alone was 7.10 months. Notably, the proportion of companies with long-term contracts of one year or more nearly tripled compared to the previous year. Conversely, the proportion of short-term contracts of one year or less decreased from 96.23% in 2024 to 88.70% in 2025.
These changes are interpreted as evidence that shared offices are increasingly being used as permanent work locations rather than as short-term alternatives. Companies are adapting their office strategies to maintain flexibility in their work environments while simultaneously considering cost predictability and operational stability.
When choosing an office space, "cost savings" was cited as the most important factor by 57.2% of respondents. Building condition and facilities followed with 15%, while accessibility and flexible contract terms were also cited as key considerations.
This is interpreted as reflecting a desire to maintain a quality work environment while ensuring cost-effectiveness, rather than simply prioritizing low prices. The fact that building condition and facilities were rated as more important than cost also reflects this trend.
In a survey of space preferences, lounges (31.6%) and meeting rooms (27.2%) ranked highest, followed by pantries and breakout areas. This suggests that the utilization of shared spaces that support collaboration and communication is becoming more important than individual workspaces.
In terms of location preference, Gangnam ranked highest at 28.1%. Yeongdeungpo, Guro, and Gangseo followed with 14.1%, Seocho and Sadang with 9.8%, Jung-gu and Jongno with 9.6%, and Seongsu and Ttukseom with 8.1%. Some companies also demonstrated a strategy of diversifying their operations based on business objectives.
Fast Five predicted that demand for offices that take into account cost efficiency, work stability, and utilization of common spaces will continue to expand in the future.
Kim Dae-il, CEO of Fast Five, said, “There is a growing trend of shared offices being used not just as temporary alternative spaces but as permanent work bases that simultaneously consider cost management and operational stability.” He added, “We will continue to provide office experiences that enhance corporate work efficiency based on the competitiveness of shared spaces and the building environment.”
In the recent office market, companies are increasingly utilizing shared offices and hybrid workspaces as they consider both flexible work environments and cost-effectiveness.
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