The increasing amount of vacant office space in Kuala Lumpur, as well as the demand for affordable and flexible workspace, has prompted INFINITY8, Johor’s co-working space operator, to expand here.

It will take up 11,000 square feet of space in MyTOWN, Cheras, and cater to entrepreneurs and businesses.

According to Lee Sheah Liang, co-founder and chief executive officer of INFINITY8, the pandemic over the last two years have increased demands for flexibility and fluidity in work environments, whether for start-ups or more established businesses.

“We want to enter the Klang Valley market to meet the growing demand for co-working space,” he explained.

Long-term, Lee said that the company intends to create a more cyclical and sustainable market that caters to growing flexible workspace demand while also addressing Malaysia’s all-time low occupancy rate for the first time in 20 years.

INFINITY8 intends to open five new outlets in the Klang Valley and Johor Bahru this year, according to him.

It intends to establish 100,000 sq ft of co-working space nationwide by 2022.

The opening in MyTOWN next month, according to Lee, exemplifies the firm’s dynamic approach to co-working.

He said it would cater to businesses at all levels, including multinational corporations, which have increasingly used co-working spaces to meet new needs resulting from the pandemic, such as workforce separation and more efficient adoption of remote working policies.

A virtual office gives cloud-based businesses a physical address for easy mail handling.

Lee said that all workspaces include a full range of business services such as a dedicated landline, event spaces, and catering.

“INFINITY8 started with the thought to provide individuals with an option to work more flexibly. We recognised the growing trend globally and knew there was a gap in the market in Johor. Today, we believe we have refined our approach to uniquely cater to a targeted slice of the market that will help differentiate us and secure our growth momentum,” he said.

Source: NewStraitsTimes, Sharen Kaur /December 20, 2021

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