29 Dec '17, 11pm

Rise of co-working spaces boost office and retail scene

Rise of co-working spaces boost office and retail scene

In Singapore, where rental takes up a big part of a business’ overheads, “co-working” has become quite the word-of-the-year. Co-working spaces change direction of office and retail market Not only are more shorter-term courses popping up from making your own guitars to learning to paint or bake; smaller business entities are also finding it more efficient to share resources. Rents climbed 2.4% in Q3, a quick move ahead from the 1.1% decline in Q2. Co-working operators are taking up more spaces in newly-completed buildings. 5 Shenton Way (Office Tower). Picture: UIC Take for example JustCo who has taken up 2 floors in UIC building in Shenton Way; or The Work Project ‘s occupancy of the entire 4th floor in OUE Downtown and WeWork ‘s Beach Centre address. Related : Renting Property in Singapore In the retail scene, more malls are reinventing themselves as “community hubs” rat...

Full article: https://www.iproperty.com.sg/news/rise-of-co-working-spac...

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