In particular, those backed by landlords or developers such as Distrii by City Developments, Justco by Frasers Property and The Work Project by CapitaLand are more resilient, a DBS report said.
Another growing trend is co-working operators launching flexible workspaces in retail and hotel spaces. For instance, The Great Room has taken up 15,000 sq ft of space in Raffles Hotel, the first co-working space integrated in a six-star hotel.
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