Co-working operator WeWork, which recently restructured under bankruptcy protection in the US, is showing signs of stabilisation in Singapore, having secured new tenants and filled more space at both 21 Collyer Quay and Suntec City. The improved occupancy suggests continued demand for flexible workspaces despite global headwinds.

Stronger Leasing Momentum in CBD

At 21 Collyer Quay, a prime Grade A waterfront office tower, WeWork has expanded its tenant base through a mix of SMEs, tech firms and professional services companies. The property’s central location, close to Raffles Place MRT and Marina Bay, continues to appeal to hybrid-work organisations seeking agile layouts.

Improved Occupancy at Suntec City

WeWork’s Suntec City location also recorded stronger occupancy, supported by:

• Demand from project teams and regional offices
• Businesses downsizing from traditional long-term leases
• The appeal of all-inclusive office packages
• Proximity to Convention Centre and City Hall MRT

The flexible space model continues to resonate with firms looking for cost control and shorter lease commitments.

Why Companies Still Choose Flex Offices

Despite global uncertainty, flexible office operators remain attractive for several reasons:

• Low upfront capex — fully fitted spaces reduce renovation costs
• Shorter leases — ideal for fast-growing or rightsizing firms
• Premium city locations at more accessible price points
• Amenities and services bundled into rental rates

These advantages have kept Singapore’s flexible workspace occupancy relatively resilient.

Post-Bankruptcy Stability Signals WeWork’s Local Confidence

While global restructuring continues, WeWork’s Singapore portfolio has remained operational. The recent tenant additions point to:

• Strong underlying demand for CBD flex-office supply
• Confidence among users in WeWork’s local operations
• Continued relevance of premium co-working setups for hybrid teams

TopBroker Insight

Flexible workspace demand in Singapore remains robust as businesses move toward hybrid models and more agile cost structures. The improved uptake at WeWork’s 21 Collyer Quay and Suntec City centres indicates that flex office operators continue to be an integral part of the Grade A and city-fringe office ecosystem.

For commercial investors and office landlords, the resilience of co-working demand underscores broader confidence in Singapore as a stable regional business hub.