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JustCo at The Centrepoint office in Singapore was opened in 2020 and is the first location to offer pay-per-minute space for members of the public to rent. [14] The JustCo app allows members to access any office globally, to book spaces or resources. [ 20 ]
The Marina Bay Financial Centre (MBFC) is a mixed-use development located along Marina Boulevard and Central Boulevard within the Downtown Core of Singapore.It consists of three office towers, two residential towers and retail space at Marina Bay Link Mall, occupying a 3.55-hectare (8.8-acre) site.
The JTC Summit, a 142 m (466 ft) office tower built in 2000, currently stands as the tallest building outside the Central Region of the country. A height restriction imposed on Singapore's central business district (CBD) limits buildings to a maximum height of 280 meters unless special permission to build higher is granted.
A serviced office broker will commonly help business center owners and facility management companies to rent serviced office space. Companies offering serviced offices are generally able to offer more flexible rental terms, as opposed to a conventional leased office which may require furnishing, equipment, and more restrictive leases.
According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [5]
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