With the rising cost of office spaces in Singapore, it is increasingly costly for businesses to operate in the already expensive city. For example, office rental prices have increased by 12.7% in the Central Business district just in the past year. This puts pressure on startups and other small businesses that are struggling to stay afloat financially. As rental prices have increased, coworking spaces have emerged as an alternative to traditional offices for individuals and startups. But, could one of these spaces really be an affordable alternative for your startup?

How Do Coworking Spaces Work and How Much Do They Cost?

Coworking spaces provide individuals and small teams with offices or desks in communal rooms in which they can work productively. In order to facilitate this, these spaces also offer great amenities. Coworking spaces often include high speed internet, daily cleaning, IT support, front desk services and office supplies …