Flex workspaces get pricier in Singapore, led by Marina Bay; demand rises in Jurong: report
Co-working space in a Marina Bay office building. Average desk rates islandwide rose 15% to US$687 ($877) per month. (Image: Instant Offices website)
Singapore's flexible workspace landscape is seeing rising rates for co-working desks, growing interest from small teams, and longer commitments — with the Jurong area in particular gaining traction, according to analysis by The Instant Group, a marketplace for flex workspaces.
Average desk rates across Singapore were up by 15% in the first quarter of 2026 compared to a year ago, reaching US$687 ($877) per desk per month, the company noted in a May 25 report.
Marina Bay continued to be the most premium flex district, with monthly desk rates of US$779. Following closely was Raffles Place, where a co-working desk cost an average of US$737 per month.
More affordable options were seen in Tanjong Pagar, Jurong and one-north, with desks in shared offices priced at US$595, US$532 and US$429 per month on average, respectively.
A flex workspace property in Jurong East. (Image: Instant Offices website)
Jurong appears to be a key growth area, which reflects the broader shift towards decentralised business hubs as seen in the rest of the Asia Pacific (Apac) region, The Instant Group said. The Jurong Lake District is designated as Singapore’s second CBD.
The report highlighted a 22% increase in demand for Jurong’s flexible workspaces in the first quarter of 2026, after a 142% surge in 2025.
That said, Raffles Place continued to anchor the flex market in Singapore, accounting for about half of total demand, the largest share of any district.
Jurong made up 17% of demand, followed by Marina Bay (13%), one-north (11%) and Tanjong Pagar (9%).
A flex workspace property in Jurong East. (Image: Instant Offices website)
Meanwhile, smaller occupiers are increasingly driving demand and dominating the market. The share of one- to two-desk requirements has risen steadily from 50% in 2024 to 57% in the first quarter of this year. Three- to nine-desk requirements accounted for about 32% of demand in early 2026, which the report noted was indicative of "ongoing strength from SMEs, start-ups and hybrid teams".
Average contract lengths have increased from 10.8 months in 2023 to 12.7 months in 2025, which suggests flexible workspace is being embedded into longer-term real estate strategies, it added.
Patrick Gidney, regional director of leasing for Apac at The Instant Group, said: "Businesses are becoming far more deliberate in how and where they use flex, whether that’s securing premium space in the CBD or expanding into strategic decentralised districts like Jurong."
The Instant Group is owned by the London-listed, Switzerland-headquartered International Workplace Group (IWG), which provides flexible workspace and hybrid work solutions globally.
IWG in 2022 announced it would merge its digital assets with The Instant Group, to create the world's largest independent marketplace for flexible workspace. It completed the acquisition of the platform in 2025.
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