Retail market could see more conversions to flexible workspace: analyst

Submitted By:  Luz Wendy Noble Case Study:  No Landlords may be pushed to explore leasing to flexible operators for a more stabilized occupancy. Retail-to-flexible workspace conversions may pick up pace in the coming years, Colliers International said. The firm mentioned a few notable deals in the recent quarters, including Spaces that took up 35,000 sq ft at One Raffles Place Shopping Mall in March, JustCo leasing 57,000 sq ft of retail space at Marina Square in late 2017. “This is likely an adaptation to the tough retail leasing climate in Singapore,” the firm noted. read more