Flex spaces to increase foothold in Singapore’s office market

As of Q123, flex spaces already consist of about 10% of the total office stock in the Lion City.

With many Singapore occupiers attracted to flexibility, agility, and cost-effectiveness, flex space is set to continue its growth in the Lion City.

Based on Colliers’ “Global Occupier Outlook 2023,” flex spaces consisted of about 10% of total office stock in Q123, an increase from the 8% record in 2019.

The adoption of flex space has also been quicker in Singapore compared to other markets in the Asia-Pacific (APAC) region (2%-4%).

“Flex space in Singapore is set to continue its growth, especially in times of uncertainty, with occupiers and firms looking to take advantage of its convenience, versatility and scalability; these spaces can offer plug-and-play solutions, as well as quick options for headcount growth,” Bastiaan van Beijsterveldt, Managing Director, Singapore, said.

Follow the link for more news on

Colliers

flexible working spaces

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia