Singapore-based co-working space provider JustCo has announced plans to double its current footprint in the Asia Pacific in the first half of 2019, or an ten-fold expansion from its beginning in 2015.
Spurring this growth is the debut of six co-working centres in Melbourne, Sydney and Seoul, while increasing its presence in existing cities like Singapore, Shanghai, Jakarta and Bangkok where JustCo will open its third location at Samyan Mitrtown by Golden Land Property Development Plc in the fourth quarter of this year. In its first venture beyond Asia, JustCo will open four co-working centres in Sydney and Melbourne.
By mid-year 2019, JustCo would have secured or opened nine new Central Business District locations across the region, expanding its portfolio to 29 centres in the Asia Pacific.
This series of consecutive launches speak volumes of the increasing demand for shared workspaces and the gap in the market, according to the company’s release yesterday.