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Staff Reporter
,
Singapore
Photo by Marvin Meyer on Unsplash
Flex desk inquiries in Singapore rose 126% YoY.
Singapore is amongst the hottest markets for flexible workspaces, ranking 9th globally.
Data from The Instant Group showed that flex desk inquiries in Singapore soared 126% YoY.
Although demand for flex workspaces fell 27% YoY in 2023, The Instant Group underscored that Singapore’s compound average growth rate over the past five years of 4% indicates that “current demand levels are still above those seen pre-pandemic.
“These city-by-city fluctuations are demonstrative of a larger trend: the global flexible office market is maturing and will continue to do so in the coming year,” The Instant Group said.
“Market maturation will require key players, such as landlords, operators, and investors, to understand the changing dynamics of flexible office demand. By using reliable insights and market data, business leaders can make more informed decisions that improve the efficiency of their workspaces,” the global marketplace for flexible workspace said.
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