Serviced office providers in Hong Kong can broadly be divided into two camps in terms of business profile. There are homegrown companies specialising in providing premises locally, then there are the multinational operators keen on expanding across major cities.
Hong Kong has its fair share of both types of operators encouraged by favourable business conditions and the city's proximity to the mainland. Historic events such as the 1997 handover to Chinese sovereignty also spurred investment interest.
Now, it's Taiwan's turn to benefit from closer economic ties with the mainland - and the international serviced office sector has set its sights on the rise in demand for new office space that increased investment usually brings.
The Economic Co-operation and Framework Agreement signed by mainland and Taiwan officials in June has been cited by serviced office provider The Executive Centre as a boon for cross-strait commerce.
The Executive Centre announced a US$30 million expansion across the Asia-Pacific region this year and runs premises at six locations in Hong Kong, in addition to 30 offices across the Asia-Pacific including Tokyo, Sydney and India, and 19 premises in Greater China.
Next month, the company will be opening its second centre in Taipei at Far Eastern Plaza in the Dun Hua South central business district to add to its premises in Taipei 101 tower.