灵活办公的未来：新加坡H1 2025灵活办公市场

CHARTINg THE NEXT PHASE OF EVOLUTIONIN SINGAPOREH1 2n5 Flexibl Offi ma-ketJune 2925 CBRE THEFUTURE OFFLEX Singapore's flexible workspace market has matured into a dynamic and diverse ecosystem, offering a broad range of solutions-from onneeds and the agility of operators in responcing to them. Today.wthabout5%miarketpenetrationratetheflexworkspacemiarketfeaturesahealthyrmixofbrandpositions,rangingfrormpromium hospitality-drivcn cnvironincnts to value-oricnted, afticiancy-facusod modals. Our findings show that thc top 1o brands (bymarket size) now command 8o of the market, with varied pricing and positioning offerings to meet the needs of businesses across allsizesandsecLors.Thisensureshalcomparescarindworkspacesalignedwiihtheiriderlily,tullure,arcoptraticnalgoas. Notably. flex space is increasingly integrated into asset strategies, with landlords and operators collaborating to enhance both buildingralue and tenant experience, As the rnarket continues to evolve, innovation and adaptability will be key to shaping the future of work.This rcport further cxploras what occupicrs sook and how landlords and oparators can continuc to strengthan thc valuo proposition offlexible workplaces in Singapore. THEFUTURE OFFLEX MAJOROPERATORS(BYMARKETSIZE,SO.FT.) Singapore Flex Office Stock PRICE RANGE FOR PRIVATE SUITES (SGDS PER DESK PER MONTH) Market SizeAs at I 1?*. FutureGrowth 6%-8%Ey2a0 VALUE$400 - $700 One af the highest penetration rates in APac. TOP3INDUSTRYOFFLEXSPACECORPORATEDEALSINSINGAPORE 4.9%Grade A oTcePehetraticr TECH Next Phase ofMarket Maturity Singapore's flex space market saw double-digitexpansion from 2017-2022. However, this momentumslowed in 2023 and 2024, priniarily due lo heighlenedcompetition and consolidation among operators. whilenew centres continued to open, they were largely offsetby closures, resulting in minimal net growth in recentyears. remain a vitalpartof occupiers'real estate strategyLooking ahead,weexpectthe marketsizeof flex spaceto grow a further 6% - 8% by 2030, as it continue toalign with the pace of new office supply in the city. Market Size:-12025 Market Activity RECENT SIGNIFICANT Closings EXPECTEDOpeniligs (FUTURE PIPELINE) RECENT SIGNIFICANTOpenings Market Share Dynamics, by ParentCompany Flex Space Centres Have Become smallerAverage flexible workspace sizeper centrehasincreased rapidly since 2017 but declined in 2024 The top 3 companies, wework, JustCo and IwG.collectively command close to 5o% of the market. The Price Differentiator Withmoreaperatorsenteringthetlexspacemarket,the range of pricing has broadened Flex Space Penetration one of highest in APAC region As at H1 2025, CBRE estimates that flexible workspaces in Singapore made up 4.9% of total Grade A office stock and 5.2% of total office stock Singapore has become astrategic hub for internationalflox spaco opcrators duc to itsstatus as a mature market and akey gateway city in Asia Pacific.The country offers a stablebusiness environment, world-classinfrastructure,andstrongconnectivity to regional markets.rnaking it an idal launchpad farcompanieslookingtoexpandacross Southeast Asia andbevond.Additionally. landlordsincreasingly view flexible spaceasapaint of parityan essentialoffaring to remain compatitivo-further encouraging partnershipswithexperiencedcovorkinoproviders to enhance asset valueand lerant appeal. 3.2% 4.9% % of Flex SpacesLocated in Grade AOffices (Islandwide) Avarage RegionalGrade A Penetration Ne 3:E R1097 R-5 :ns (rs*0 Pe*o*-Hcn n /F' sr cl -* 7u 5.2% 3.9% Locatod in Offices(Islanduride) Average RegionalTotal Penetration -to 2e=l:ns T:s Pe***en'n AFAC 3r o* 4* 2322 The evolution of occupiers In 2024 -H1 2025, companiesin the tech sector-particularly those focusedon payment platforms,software and blockchain, aswell as firms in banking andfinance,were the primaryoccupiers of flex space. Moving forward, moreoccupiers across diversesectors mayadoptflex intheir portfolio strategy as itoffers agility and resiliencein times of uncertainty Emerging Trends for Flex Space O1 Managed Solutions Recent years have seen the entry and popularity of maneged solutions.Menaged solutions providers help tenants to handle the dministrative and operational aspectsof socuring an offlce,helping businosses to focus on their core actlvities.Below are the key differences between managed solutlons and a typlcal flex space provider: Commitment Privacy Customisable Cost Offices ar fully-furnishedhighly customised to alignwith the client's designguidelines and managed byJaod edCoworking spares usuallyprovicle stanclardliserdsetups. These spares are tailored to fit the.unicue reguirements cf a singlecorripany, prrviding significantcontrol over the oftice environment.Maniagcd solulions onsuru privacy.while coworking spaces promote asense ofcomimunity among cliverseusers. Managed solutions are ideal fnrlarge enterprises with mid tc longterin corrlmitiments ta a specificmarket. They