Rising demand for coworking spaces in Qatar is disrupting the country’s real estate sector and is showing no signs of slowing down.
An expert in flexible workspaces at Regus expects that flexible workspaces will grow by over 50% over the next four years.
Alina Gomotirceanu, Regus’ Country Manager for Qatar, said that the growing industry is attracting international firms looking for a cost-effective workspace.
“According to real estate advisor Cushman and Wakefield Qatar, most lease agreements in the fourth quarter of 2018 involved startups and SMEs,” said Gomotirceanu. “As Qatar provides many investment opportunities in the Middle East, it attracts businesses from all over the world due to its facilities, flexible services and digital solutions.”
Gomotirceanu added that the coworking industry has been a key driver in office market growth, with major corporates looking to accommodate 30% of their staff in coworking spaces.
The Doha diversification approach adopted by the government has also helped boost the serviced office market expansion according to Gomotirceanu. Regus has opened nine more locations in Doha in order to meet growing demand.