,Singapore

Chart of the Day: Co-working space doubled to 1.4 million sqft in 2018

It could exceed 2 million sqft by 2019.

This chart from CBRE Research shows that Singapore’s co-working market doubled to around 1.4 million sqft in 2018 from just about 700,000 sqft in 2017.

“Ever since the concept of co-working took root about five years back, operators have had some time experimenting and fine-tuning their products,” CBRE noted. “Armed with this experience and riding on the startup boom, they are currently expanding furiously in terms of both speed and size.”

Also read: Check out the largest co-working spaces in Singapore

The research firm noted that average sizes of co-working facilities have also expanded from just about 5,000-10,000 sqft in 2013 to about 60,000 sqft similar to those occupied by WeWork, JustCo, and Distrii. Meanwhile, Campfire is set to launch an 85,000 sqft co-working space at Cecil Street.

Also read: Singapore's co-working boom has no end in sight

For 2019, CBRE Research thinks that the co-working market could exceed 2 million sqft.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Module integration and completion are not part of its responsibilities.
The company says it will continue to welcome feedback from workers.
OneMap3D data from ERA will be incorporated into its RealtyWatch mobile apps
$500,000 was contributed to the library's Green Grove showcase.
He has over 25 years of experience in business and risk roles.
The country also won 'Best Seaport in Asia' for the 33rd time.
Flight bookings were made available on 22 October.
Sembcorp Industrialshowed the most growth.
Analysts said there are three factors that drove the price growth.
Prices of private residential properties rose by 1.1% in Q3, marking the sixth consecutive quarter of growth.
72% of Singaporeans were aware of the term 'ESG.'
This strong performance was due to the recent acquisitions by the company.