As demand for coworking spaces grows in Qatar, many budget-conscious international firms have entered into the market. According to real estate advisor DTZ Qatar, most lease agreements in the fourth quarter of 2018 involved startups and SMEs.
The Peninsula, a country manager for a UK-based insurance company, said that coworking spaces in the area are the most financially logical decision as “it’s a fraction of a third or quarter of the cost that you’d pay for a sole occupancy space.”
Fariba Tabaee, general manager of Fab Offices, said landlords are taking into account the growing trend of coworking by approaching operators to build workspaces within their towers.
“There’s no longer a company who goes in and takes three floors. And we work with multinational blue chips, so they’re coming into the market and they’re used to efficiency and productivity,” said Tabaee.
Many companies are sending smaller teams into Qatar, so having coworking spaces that are ready to go is ideal.
Now, DTZ reports that demand for small office suites and serviced offices is expected to grow due to government initiatives taking place to expand the private sector.
