Thought Leadership

Singapore’s flexible workspace market has matured into a dynamic and diverse ecosystem, offering a broad range of solutions—from on-demand access for startups to fully managed suites for enterprises. This evolution reflects both the rising sophistication of occupier needs and the agility of operators in responding to them.

Today, with about 5% market penetration rate, the flex workspace market features a healthy mix of brand positions, ranging from premium hospitality-driven environments to value-oriented, efficiency-focused models. Our findings show that the top 10 brands (by market size) now command 80% of the market, with varied pricing and positioning offerings to meet the needs of businesses across all sizes and sectors. This ensures that companies can find workspaces aligned with their identity, culture, and operational goals.

Notably, flex space is increasingly integrated into asset strategies, with landlords and operators collaborating to enhance both building value and tenant experience. As the market continues to evolve, innovation and adaptability will be key to shaping the future of work. This report further explores what occupiers seek and how landlords and operators can continue to strengthen the value proposition of flexible workplaces in Singapore.

The Asia Pacific data centre sector has undergone a significant transformation in recent years, evolving from what was formerly regarded as a mere piece of infrastructure to a highly sought-after real estate asset at the cutting edge of technology.

The Artificial Intelligence (AI) and cloud services boom is driving robust demand for both colocation and hyperscale data centres across Asia Pacific, stirring interest from real estate investors keen to capitalise on this rapid expansion.

This report explores the key data centre investment trends, opportunities and outlook for the sector in Asia Pacific, and offers insights into the data centre occupier and investment markets in Australia, Hong Kong SAR, India, Japan, Korea, Mainland China, Singapore and Southeast Asia.

The rapid growth of artificial intelligence (AI) and cloud computing is driving unprecedented demand for data centres across Asia Pacific. Despite expectations that data centre supply will double by 2028, the region still faces a shortfall of 15–25 gigawatts, primarily due to limited power availability and a shortage of AI-ready infrastructure.

AI workloads require over twice the power density of traditional setups, necessitating upgrades in cooling, floor load, latency, and bandwidth. Many current and planned facilities are not equipped to meet these new technical standards.

1. The Japanese economy is stagnant but not in recession due to decline in demand caused by rising prices and slowdown in recovery of the Chinese economy.
2. The market for for-sale real estate in Japan has recovered from the sudden slowdown caused by the impact of COVID-19, and the supply-demand balance has been barely maintained due to decline in demand caused by rising prices and decrease in supply accompanying rising costs despite rising interest rates.
3. Hotels and retail properties in Japan continue to thrive following recovery from slowdown due to the impact of COVID-19, as the weak yen attributable to differences in monetary policy and other factors has stimulated inbound demand.
4. In the rental market for office buildings in Japan, vacancy rates continue to decline slowly, and rents continue to rise gradually with some exceptions.
5. Although transaction prices have been maintained, both the number of transactions and their amounts are slumping due to a decline in properties for sale, with some investors turning to a cautious stance.
6. Comparing the economic growth rates and inflation rates of major advanced countries and developing countries, the former show similar fluctuations depending on the country and time period, while indicators for the later show diverse trends.
7. Among the economic growth and inflation rate indicators of advanced countries, only Japan's inflation rate shows a clear downward shift.
8. Among the major countries compared, Japan‘s population has been on a long- term downward trend as natural decrease has not been fully compensated for by social increase.
9. The populations of major countries continue to grow due to social growth, but the US population is thought to be rapidly increasing, including through illegal immigration, and the economic growth rate is expected to be swinging upward significantly.