Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/223369
Title: THE IMPACT OF CO-WORKING SPACES ON OFFICE PROPERTY MARKET
Authors: ZHANG SHIMIN
Keywords: Real Estate
Cristian Badarinza
RE
2019/2020 RE
Co-working
Commercial Real Estate
Rent
Sale
Disrupt
Issue Date: 20-May-2020
Citation: ZHANG SHIMIN (2020-05-20). THE IMPACT OF CO-WORKING SPACES ON OFFICE PROPERTY MARKET. ScholarBank@NUS Repository.
Abstract: This study focuses on the trend of increasing co-working spaces, an alternative to traditional office, and its impact on the commercial real estate market in Singapore. The emergence of millennials into the workforce coupled with the rise in start-ups and independent professionals have altered the preference for the physical environment of working and disrupted the commercial real estate market. Besides understanding the economic impact on the rent and price of commercial property in Singapore, this paper also seeks to examine the strategies undertaken by the landlord to adapt to this trend. Although the co-working phenomenon has made its presence in Singapore since 2012, there is a lack of academic research on its repercussions on the commercial property market. This study will fill the research gaps through contributing to the extant literature of co-working in Singapore. This paper will employ multi linear regression analysis to test if the increase in co-working spaces would lead to a negative impact in rent and sale of commercial real estate. The empirical results suggest that there is only a negative impact on rent commercial real estate in the Fringe area but has positive impact on rent and price of commercial property in the Central Business District. The results from this study is targeted to provide commercial property landlords, landlords and investors with insights on the effects of co-working space on commercial real estate and empower their decision making.
URI: https://scholarbank.nus.edu.sg/handle/10635/223369
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