Flexible workspace operators in Singapore on expansion path again

With the return to office, demand is rising and utilisation rates are as high as 70 to 80 per cent

Kalpana Rashiwala

Published Fri, Apr 22, 2022 · 05:30 PM

BUSINESS has been brisk for operators of flexible workspaces here in the past few months after a couple of lean years due to the pandemic. And they are set to resume on the expansion path even with the cost of flexible offices here reported to be the third-highest in the world, after New York and San Francisco. The average cost of private office desk space in Singapore is US$834 a month, according to Workthere, a flexible office leasing agency under property consultancy Savills.

The pick up in demand for co-working space and serviced offices has come on the back of the Singapore government’s relaxation…