The extent to which COVID-19 will affect the office leasing market is unknown at this stage, but it certainly will not help an already slow market.
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Much has been written about the growth/expansion of agile space / co-work space operators, but not much has been reported about which companies have come out of traditional office to use such facilities.
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The phenomena that is flexible / co-working space continues to grow at breakneck speed and shows no sign of tailing off, although we are entering a new phase of maturity and saturation point might not be that far off.
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How well have the new office schemes leased out this year? The answer is very well indeed. Last year Frasers Tower was the star of the show for obvious reasons, with such illustrious anchor tenants as Microsoft, Total Oil and ABN Amro Bank.
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Currently under development on the site of the previous Park Mall property near Dhoby Ghaut, this 10-storey building at 9 Penang Road will have…
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The co-working concept is gaining traction with larger conventional office space users for a variety of reasons.
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