Forget WeWork’s woes, SE Asia’s co-working space operators are expanding

Photo by Shridhar Gupta on Unsplash

SoftBank-backed co-working space provider WeWork’s botched IPO and valuation nosedive last year sent ripples through the startup and investment ecosystems across the world. Its peers in Southeast Asia, however, claim to have emerged largely unscathed with big expansion plans for this year.

According to global real estate services firm JLL, the flexible office space market in Southeast Asia has seen substantial growth as businesses scout for economical solutions to their real estate needs and landlords look for ways to boost demand.

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