The pace of expansion slows significantly post-pandemic, as operators take on a cautious stance
WHILE flexible workspace take-up fell to the lowest in five years, some co-working companies continued pushing on with expansion plans in 2024.
An estimated 45,000 square feet (sq ft) of space was taken up by flexible space operators in 2024, down from the pre-pandemic peak of around 700,000 sq ft in take-up in 2019, according to figures compiled by Colliers for The Business Times.
Take-up refers to the new space occupied by flexible operators every year.
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