Here's why co-working spaces will be the next big thing in the local office market scene

The Singapore startup surfeit is expected to fuel demand.

There's a gold mine waiting to be tapped amid the booming growth of startups that need office space in Singapore. As such, partnerships with co-working operators or establishing facilities within existing properties could help landlords hit the motherlode.

According to a report by CBRE Research, landlords wouldn't even need a huge investment as the move could involve allocating just one or two floors for such a purpose.

"This has already been seen in some high profile co-working set-ups in Grade A type office buildings such as Collective works at Capital Tower as well as The Great Room in One George Street," stated CBRE Research.

Moreover, given how the services of co-working and serviced offices overlap, it might even be viable to combine the services of the two in under a single facility. Across the city-state, more responsive serviced offices have already commenced adopting co-working space concepts as part of their offerings to accommodate a wider pool of clients.

"This includes Regus and JustOffice, both of which have opened separate co-working brands named Spaces and JustCo respectively," CBRE Research asserted.