Co-working space operators tone down growth plans

Opening of centres delayed; more muted take-up of new spaces

The JustCo co-working space at Marina Square. The local operator, which has 17 co-working spaces here, is opening two new centres - at OCBC Centre East and The Centrepoint this month and in October, respectively. The launch was delayed due to the pan
The JustCo co-working space at Marina Square. The local operator, which has 17 co-working spaces here, is opening two new centres - at OCBC Centre East and The Centrepoint this month and in October, respectively. The launch was delayed due to the pandemic. PHOTO: JUSTCO
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Expansion plans among co-working space operators have been more muted this year, with the opening of new work centres delayed and a more subdued take-up of new spaces.

But despite the quiet year thus far, co-working spaces are expected to play a key role in many businesses' return to work amid the pandemic, real estate firm Colliers International noted in a report on the flexible workspace industry last month.

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A version of this article appeared in the print edition of The Straits Times on August 10, 2020, with the headline Co-working space operators tone down growth plans. Subscribe