Daily Markup #991: WORQ Co-founder Stephanie Ping on their strategy to meet the demand for flexible co-working spaces amid an office glut

Photo credit: WORQ

Real results in real estate

  • As more companies are mandating the return back to full time office usage, this creates a demand for flexible co-working spaces, which 500-backed WORQ is rising to meet.
  • Despite there being at least 30 players in the industry, Co-founder & CEO Stephanie Ping believes that the Malaysian market is far from being saturated.
  • “I believe that each player has their own unique selling points and strengths,” she explained. “By partnering with landlords such as UOA Group and Sunway, we have quickly filled our co-working space within 2 months of launching, demonstrating the robust demand for non-traditional leases.”
  • “This strategy not only benefits landlords by generating higher rental yields, but also places minimal operational burdens on them,” she added.
  • Stephanie also shared that demand for co-working spaces will remain strong in Malaysia while the country maintains a stable business environment and continues to welcome global business opportunities.
  • Read the full story on The Star. A subscription may be required.
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