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The survival of co-working rests on building a community

Operators could use social networks to add value for users in co-working communities in the post-Covid world.

Published Mon, Dec 21, 2020 · 09:50 PM

THE failed initial public offering (IPO) of WeWork in 2019 has put the co-working model in the limelight, and also led some to cast doubt on the financial sustainability and viability of the shared space concept.

The co-working operators faced a double whammy following Covid-19 that has disrupted economic and social activities. The question is: how will they adapt?

The co-working space operators exploit technologies to improve the matching of short-term office space demand of different users to available space, so as to optimise the utilisation of space.

The mode of operations of co-working operators, whether run by a third-party independent operators, such as WeWork, or as an affiliated subsidiaries of office landlords, such as Distrii by CDL and The Work Project by CapitaLand, usually …