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🇸🇬 Singapore sees 5% growth in demand
Regional data from The Instant Group shows a 5% growth in flex workspace demand in Singapore, coming Expand 👇 in 9th of the top 10 APAC cities for flex adoption growth.
Notably, the city-state was followed by Tapei with 3% annual growth and Manila led the chart with a 51% surge in demand in 2025.
Regional data from The Instant Group shows a 5% growth in flex workspace demand in Singapore, coming Expand 👇 in 9th of the top 10 APAC cities for flex adoption growth.
Notably, the city-state was followed by Tapei with 3% annual growth and Manila led the chart with a 51% surge in demand in 2025.
🌏 APAC demand for flex up 13% over last five years
Bobby Sodeiri shares some key stats from The Instant Group’s 2024 Q1 APAC Market Review.
Since 2019 Expand 👇 (yea, that was five years ago!) the following has happened: Demand up 13%. 35% of requests were from businesses with 26+ person teams, up from 18%. Supply has grown just 2%. In Hong Kong flex terms are 36% longer. In Singapore demand is spreading beyond the CDB. And New Zealand is going all in on flex, with local demand up 67%.
Bobby Sodeiri shares some key stats from The Instant Group’s 2024 Q1 APAC Market Review.
Since 2019 Expand 👇 (yea, that was five years ago!) the following has happened: Demand up 13%. 35% of requests were from businesses with 26+ person teams, up from 18%. Supply has grown just 2%. In Hong Kong flex terms are 36% longer. In Singapore demand is spreading beyond the CDB. And New Zealand is going all in on flex, with local demand up 67%.
🔥 Which cities saw the most flex desks requests?
Bobby Sodeiri shares data on which cities were in the top 10 in which The Instant Group saw the Expand 👇 highest total number of flexible desks requested.
They were: 1. London, England 2. Mexico City, Mexico 3. Riyadh, Saudi Arabia 4. Dubai, United Arab Emirates 5. Sydney, Australia 6. Chennai, India 7. New York City, New York, USA 8. Colombo, Sri Lanka 9. Singapore, Singapore 10. Berlin, Germany.
But the graph also shows the year-on-year change in demand across them, highlighting that whilst Mexico City, Riyadh, Colombo and Sydney saw over double-digit growth (163%, 48%, 23% and 19% respectively) – demand dipped in Singapore (-27%), Berlin (-16%) and -4% in NYC, London and Chennai.
Bobby Sodeiri shares data on which cities were in the top 10 in which The Instant Group saw the Expand 👇 highest total number of flexible desks requested.
They were: 1. London, England 2. Mexico City, Mexico 3. Riyadh, Saudi Arabia 4. Dubai, United Arab Emirates 5. Sydney, Australia 6. Chennai, India 7. New York City, New York, USA 8. Colombo, Sri Lanka 9. Singapore, Singapore 10. Berlin, Germany.
But the graph also shows the year-on-year change in demand across them, highlighting that whilst Mexico City, Riyadh, Colombo and Sydney saw over double-digit growth (163%, 48%, 23% and 19% respectively) – demand dipped in Singapore (-27%), Berlin (-16%) and -4% in NYC, London and Chennai.
🇸🇬 Flex demand up 25% in 2022
Bobby Sodeiri shares that demand in Singapore was up in 2022 from 2021, but surprisingly flex space Expand 👇 supply grew at a slower pace (just up 3%) over the same period.
They also note that a similar trend can be seen across the APAC region, where high demand often saw the slowest supply growth. A big opportunity or experienced operators being cautious?
Bobby Sodeiri shares that demand in Singapore was up in 2022 from 2021, but surprisingly flex space Expand 👇 supply grew at a slower pace (just up 3%) over the same period.
They also note that a similar trend can be seen across the APAC region, where high demand often saw the slowest supply growth. A big opportunity or experienced operators being cautious?
🤑 New report puts global coworking market value over $13B by 2025
Arthur T shares that they surveyed their coworking space partners and aggregated property data to Expand 👇 show the impact of the coworking space market throughout the past 2 years.
It’s an impressive amalgamation of various reports, including noting that the global coworking market value is expected to pass $13B (with a capital B) by 2025, that IWG has 11% market share (WeWork has 2%) and zooms into the Singaporean, Australian and American markets.
Arthur T shares that they surveyed their coworking space partners and aggregated property data to Expand 👇 show the impact of the coworking space market throughout the past 2 years.
It’s an impressive amalgamation of various reports, including noting that the global coworking market value is expected to pass $13B (with a capital B) by 2025, that IWG has 11% market share (WeWork has 2%) and zooms into the Singaporean, Australian and American markets.
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