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Flexible working spaces spurring demand for CBD offices: Study : 45% of prime grade office net absorption last year was by operators of flexible workspaces: Colliers International

Mar 09, 2019 - The Straits Times (Singapore)

Flexible workspaces are driving demand for Grade A office space in Singapore, in an area typically dominated by the finance industry.

A report by real estate services firm Colliers International said the sector made up 45 per cent of the net absorption for such space last year. Net absorption measures the new space leased by tenants after deducting the space vacated.

Together with technology, media and telecommunications (TMT) companies, operators of flexible workspaces accounted f...