WORQ-ing their way around

• Going against the grain of the ‘growth at all cost’ model, 500-backed WORQ has proven that a profit-driven business model works!
• Even in a post-COVID era, demand for these spaces is unprecedented. WORQ is riding the wave by prioritizing sustainable growth in each outlet, enabling reinvestments and expansion of the business across various locations, cities, and regions.
• Beyond a standard coworking space, WORQ cultivates a thriving community by welcoming anyone to their locations, not just members, to interact and collaborate. This open environment encourages the exchange of ideas and fosters business opportunities.
• Clearly, this is striking a chord. The company reports an impressive 90% occupancy and extensive waitlist, reinforcing the strong growth prospects of the coworking space market.
• Established real estate developers and owners recognize the potential of coworking. In Malaysia, UOA REIT and Sunway REIT entered into closed strategic partnership agreements with WORQ, where the company is the chosen flex office provider for their buildings.
• These collaborations provide the landlords’ buildings with flex space amenities for tenants, making their buildings more user-friendly and competitive for their users.
• Coworking spaces also enable companies to hire talent remotely, removing geographical borders and empowering companies to tap into talent from far-off locations. This opens up a whole new demographic of talent — for example, mothers who prefer to work near their residences, or remote talent located in far-off villages.
• Get the full story here.