The landscape of the traditional workplace is currently changing and the usual cubicle-clad offices we’ve become accustomed to are being reimagined as a collaborative environment where professionals and small businesses co-exist, collaborate and build a new type of community. Welcome to coworking, the future of office spaces.
Thanks to state government investment in the island's technological ecosystem, Penang is becoming a "technological powerhouse" and a hardware manufacturing hub - particularly with the Bayan Lepas Free Industrial Zone currently home to several Fortune 1000 companies including Intel and Hewlett Packard.
Southeast Asia has one of the fastest-growing flexible workspace markets in the world. What’s currently occupying 5% of office space in the region can grow to 15% in the next decade. While this spells good news for those of us in the industry, this also means that competition is getting tighter.
Being productive can be a challenge for everyone - especially when you're an up and coming digital nomad. How can it not; when the sun hits you just right and the waves are rolling ever so nicely in the background, who could help to not order a cold beer and lounge a bit (or maybe a lot). As someone with a relatively short attention span, I understand your struggle and as such, I have compiled a list to help you stay productive as a digital nomad no matter where you are in the world.
Singapore has one of the best business prospects in the world, and with one of the highest ranked economies in Southeast Asia it provides ample opportunities for growing your business. However, it also has some of the most expensive office rentals in the region which puts up a significant barrier for companies, no matter what size, to set up shop.
WeWork Beach Road Singapore
First of all, best is such a wide term. One's definition of the finest establishment to work and be productive can vary from one person to the next. Not everybody needs a dedicated office for them and their team every day of the week, some might still prefer working from home and just need a dedicated desk once in a while.
Nonetheless, there are several options for every workplace need in Singapore, with a wide variety of price ranges, locations, amenities, and many more. Here are the top eight coworking spaces in Singapore that can be your next office.
It's that time of the year again, we're finally meeting Ramadan once again this year. The ninth month of the Islamic calendar, the holiest month, a time where Muslims across the globe concentrate on spirituality. Now, all Muslims are nearing the end of the first week of Ramadan. They are observing a month-long fast as a practice of religious observance. Some might have settled into a new routine while others are still battling to adjust their day-to-day routine.
The last two years have seen the continued adoption and creation of flexible workspaces across Southeast Asia at a seemingly unstoppable rate. Currently 5% of the regions office space portfolio is made up of coworking spaces, however CB Insights estimates this to grow to 15% by 2030. Going hand-in-hand, Cushman & Wakefield expect the demand for these spaces to grow at a 10-15% annual clip. In fact, a report by Instant Offices suggests that in 2018 the flexible workspace market in the region is the fastest growing in the world, being home to 6 out of 10 of the largest markets for flexible office space.