The Most Amazing Yet Affordable Coworking Spaces Singapore

Singapore’s tiny geographical area and thriving business scene mean the supply of commercial offices is unlikely to ever keep up with demand. This takes its toll on commercial office rates – Singapore was recently named the 5th most expensive place in the world to lease an office – an investment of USD $100m will allow you to rent a mere 48,389 square feet of office space in Singapore.

But the city-state is also one of the world’s most exciting innovation centres. In 2018, Singapore ranked highest in Asia and 5th in the world on the Global Innovation Index, an annual ranking of countries by their capacity for and success in innovation, produced by respected organisations and institutions. Singapore’s fin-tech, crypto and startup industries are among the best in the world and it has developed a competitive edge in major business functions such as manufacturing, headquarters and innovation.

So how can a crazily expensive office market make sense for young businesses? Why do they continue to start up and operate in Singapore when they’re so limited by workspace options?

There is a multitude of factors that make Singapore attractive to startups and entrepreneurs, including relatively easy set-up processes, governmental initiatives for startups, numerous free trade agreements and a strong talent pool.

And the office leasing issue is solved by one particular phenomenon. Coworking.

The rise of the coworking industry and the emergence of hundreds of coworking spaces Singapore has changed the game for startups and businesses in this Southeast Asian hub. They not only free people of the budget and availability concerns of securing a commercial lease, but many coworking spaces Singapore are specifically designed and managed to cater to startup and entrepreneurial needs.

Industry-specific, community-focused, serviced or unmanaged, corporate or creative – the wide variety of coworking spaces Singapore are an incredible new resource for startups and businesses, but the huge choice is almost a new headache in itself.

So let’s get down to it – here’s the ultimate guide to amazing and, just as importantly, great value coworking spaces Singapore that are designed for a new generation of business people.