Co-working space sector feels the squeeze

ST ILLUSTRATION: MANNY FRANCISCO

Smaller local players struggling to stay afloat in saturated market

Ms Saranta Gattie and her brother Ben were riding the tailwinds of co-working, a concept where paying members work in open-plan office spaces that often have an entrepreneurial and millennial vibe.

In just five months, their location in Keong Saik was full after opening in March 2015. A month later, it broke even. In two years, the profits were rolling in.

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A version of this article appeared in the print edition of The Straits Times on January 14, 2019, with the headline 'Co-working space sector feels the squeeze'. Print Edition | Subscribe