Welcome to a new era of co-sharing in office real estate

Co-working spaces, such as the one above by KLOUD at Keppel Bay Tower, are now attracting established corporations, and emerging as a prominent office tenant trade in cities around the world. According to Deskmag's 2019 Global Co-working Survey, ther
Co-working spaces, such as the one above by KLOUD at Keppel Bay Tower, are now attracting established corporations, and emerging as a prominent office tenant trade in cities around the world. According to Deskmag's 2019 Global Co-working Survey, there were 18,700 co-working spaces around the world last year, a stellar 110 per cent increase from 2015. In Singapore, an average of eight new players entered the market annually during the last three years.PHOTO: KLOUD

Today's sharing economy is driving this rising phenomenon, where resources are utilised more efficiently to fulfil consumer needs

Take a visit to some of the co-working spaces located in Singapore's Central Business District (CBD), and one would be amazed by the design, vibrancy and lively work atmosphere.

Today's workforce desires flexibility, convenience and being part of an enlarged community. This desire is fulfilled by co-working spaces - the new, trendy version of shared office communities where people from different organisations work in the same environment. As a result, workers are enjoying the conducive co-working spaces and achieving a sense of empowerment and meaning in their work.

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A version of this article appeared in the print edition of The Sunday Times on September 08, 2019, with the headline 'Welcome to a new era of co-sharing in office real estate'. Print Edition | Subscribe