The Co-working Space Boom In Malaysia

Regus solidifies its position as the top Malaysian flexible working solutions provider with a new location in Klang Valley.

In the early 2000s, co-working spaces - defined as membership-based workspaces where diverse groups of freelancers, remote workers, entrepreneurs and other independent professionals work together in a shared, communal setting – started off as an alternative option for startup entrepreneurs, and for new foreign businesses who needed a temporary base of operation until they find and secure a suitable office.

Nowadays, it’s a lot more than that. After almost two decades, co-working is booming as a new generation of entrepreneurs, consultants, freelancers, and even corporate organizations rethink the overhead costs of business and the value of collaborative work.

According to Vijayakumar Tangarasan, Country Head for Regus Malaysia, Indonesia and Brunei, the nature of work itself is changing. With the rise of digital natives, there is a growing trend for people to work in more flexible ways. Digital technology makes it possible for people to work productively where they want – at the office, on the go, from home, or at a third place.

“Our new centre will support this demand for flexible working,” he adds, “giving workers the opportunity to use our first-class business facilities when they need them.”

Unlike a traditional office, co-working spaces consist of members who work for a range of different companies, ventures, and projects. Because there is little direct competition or internal politics, they don’t feel they have to put on a work persona to fit in. This creates deeper meaning in work where it is a norm in a co-working space to help each other out and find more flexibility within their work.