Office rentals, specifically for flexible offices, are extremely popular among this new generation of entrepreneurs.
This may be because of the vast advantages renting one can provide, such as cost efficiency. The average price for an office rental is dependent on various factors, such as the size of the office space, location, requirements and other amenities.
However, the average cost for a serviced office space in Singapore is somewhere between 1000 to 5000 SGD per month.
osDORO is partnered with some of Asia’s most respectable coworking providers, such as WeWork, JustCo, Regus, Servcorp and many more, to help find the perfect match between tenants and workspaces.
The pandemic has affected Singapore’s office rental market to some degree in 2020. However, it’s expected to experience an expansion in the next few years, with forecasts of increasing demand from Chinese tech giants and HK when border restrictions begin to ease.
2021 highlights significant potential for the office rental market to grow with insights showing a forecasted rise of 10 to 12 percent, and the rate of rental growth to climb the fastest in the region this year, which are mostly attributed to coworking operators implementing new strategies and increasing demand from technology and media companies.
