Spaces address the rising demand for co-working space

Signing of location in Indonesia is Spaces 13th location in Asia Pacific in a span of one year

SINGAPORE – Amsterdam-based creative workspace pioneer Spaces recently announced the signing of its first location in Indonesia, to meet the growing demand for shared office spaces in Asia Pacific.

With the new signing at World Trade Centre Tower 3 in Jakarta, Spaces now has sites open or agreed in 11 countries in Asia Pacific, and plans to quickly expand its national networks to keep up with demand.

Business Club View. Picture: Spaces

Spaces opened its first South East Asia site in Singapore in 2016. Next up will be Bangkok, which opens before the end of 2017 at Summer Hill on Sukhumvit Road.

Demand for shared office space is on the rise in Asia. CBRE Research’s Asia Pacific 2017 Occupier Survey revealed that multinational occupiers are increasingly utilizing third-party office space as a tool for managing and balancing their overall office portfolio. As these places do not require significant capital expenditure or restrictive traditional lease terms, third-party offices such as co-working spaces and serviced offices are attractive options for Asia’s vibrant startup ecosystem.

53% of respondents in Asia currently use third-party space, and this figure is expected to rise to 64% by 2020. Co-working spaces are also expected to eclipse serviced offices and innovation centres as the preferred type of third-party space, as co-working facilitates better collaboration and innovation.

RelatedQ3 – Office rents up. Retail rents down.

Many Asian countries are also seeing shared office spaces as a way to further encourage entrepreneurship, with various initiatives from multinational corporations and government agencies to support an innovative ecosystem.

Offices. Picture: Spaces

Particularly in Singapore, the government’s efforts to nurture technological capabilities in various sectors and the formation of start-ups through the Research Innovation and Enterprise (RIE) 2020 Plan is expected to further lift demand for shared office spaces.

Roordink continued, “For many entrepreneurs, co-working spaces not only provide office amenities, but also serve as a touchpoint for start-ups, scale-ups and other professionals to network, collaborate and build a community. People are far more productive and successful in an enjoyable, social and inspiring work environment, and we’re excited to continue expanding in Asia.”

Business Club. Picture: Spaces

Spaces plays a role as a community hub where people meet and connect through different types of social networking events such as Speed networking sessions, pub quizzes, and sports teams and has among its community a variety of global companies including Uber,, Paypal, and GoPro.

Article contributed by Spaces.