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The Coworking Market in Singapore Is Booming

Coworking has become the new normal in Singapore. The market there is booming with activity and by 2030 FlysPaces predicts coworking will represent 30% of all commercial real estate in the area. Click To Tweet FlySpaces also predicts the market value of coworking spaces will be worth $30 billion by 2030, up from the current $3.2 billion. 

There are approximately 120 different coworking space operators in Singapore and current demand is being driven, in part, by large companies and enterprises. Increased demand for coworking spaces has led to increased competition in the market, which has led many operators to specialize in niche markets to attract and retain members. For example 80RR, which caters to the fintech industry; Spaces, which caters to those in the creative, retail, and fashion design industries; Found8, which specializes in corporate innovation; and A*StartCentral, which caters to biotech startups. 

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Property developers and owners are also changing the coworking landscape in Singapore as they increasingly seek to actively be a part of the industry. Some notable examples include CapitaLand and Frasers Property.

ABOUT Cecilia Amador
Cecilia Amador

Ceci Amador, Senior Associate Editor of Allwork.Space, is based from wherever her laptop is. She enjoys traveling and visiting new flexible workspaces. If you'd like Ceci to check out your workspace, feel free to reach out to her at [email protected] (and send a plane ticket). View all posts by Cecilia Amador

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