Growing co-working market bolstering office rentals

Aggressive expansion plans by big co-working operators such as WeWork have driven demand for office spaces in Singapore.
Aggressive expansion plans by big co-working operators such as WeWork have driven demand for office spaces in Singapore.PHOTO: REUTERS

Besides providing hip and cosy work locations, co-working spaces are also shaking up the real estate scene by bolstering office rentals.

Aggressive expansion plans by big co-working operators such as WeWork, along with the proliferation of boutique firms, have driven demand for office spaces in Singapore, strengthening office rentals, which rose 10 per cent last year.

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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 'Growing co-working market bolstering office rentals'. Print Edition | Subscribe