Singapore is a diverse city-state famed as the financial, trade and shipping hub for the Asia Pacific region. The flexible office market in Singapore is rapidly growing and has witnessed a threefold expansion since 2015 from 1.2 million sqft of flexible workspace to 3.7 million sqft in 2019. Many multinational companies across a broad range of sectors continue to expand their operations in Singapore to serve the Asian and international markets, making it a great city for businesses to base themselves.
The Central Business District is unsurprisingly a central point for businesses, and in Raffles Place, you’ll find businesses in the finance and banking sectors and large corporations such as Robert Walters and law firm Watson. It is also becoming increasingly popular with start-ups looking to be centrally located close to larger businesses. This area is home to the most flexible space in the city, predominantly clustered in Raffles Place and the Downtown area.
Other key areas in the city include Marina Bay, which is renowned for its famous landmarks, including Gardens by the Bay and Marina Bay Sands; this prestigious location is an appealing area for businesses. Positioned close to the financial district and Chinatown, Tanjong Pagar is an attractive location for businesses looking for lower rents while retaining a strong business presence.
This area is home to businesses in the shipping and trading industry due to its close position to the city terminal posts. If you’re looking for more of a city fringe location that offers larger space that is harder to come by in the heart of the CBD, City Hall is an excellent option.
This area is home to a range of flexible office options too. Our local experts have in-depth knowledge of the Singapore flexible office market and can assist your business to find the right workspace to meet your requirements. If you’d like to learn more, read our Singapore area guide, or contact the team, who’ll be happy to help.
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