Johor Bahru’s co-working spaces thrive on Singapore’s nearshoring, cost-efficient solutions

[KUALA LUMPUR] As businesses from Singapore and Malaysia increasingly turn to Johor Bahru in their quest for cost savings, the city is rapidly transforming into a regional hub and sparking a surge in the development of co-working spaces across Malaysia’s southern gateway.

Samuel Tan, chief executive officer of Olive Tree Property Consultants, noted that the demand for co-working spaces in Malaysia’s southernmost state has increased in the last couple of years since the Covid-19 pandemic, with more local and international businesses setting up shop there.

“Although the rental for conventional office spaces is lower than (that of) co-working spaces, the flexibility, corporate solutions and networking opportunities offered by co-working spaces are driving businesses to adopt the shared workspace concept,” he told The Business Times.