WeWork To Go Public
(Gasp!) The Real Deal reported earlier this week that coworking giant, WeWork, is planning to go public; although it remains unsure as to when and where it’ll list its shares. Additionally, the article also claims that CEO Adam Neumann stated that the company is on track to making $1 billion in revenue in 2017.
Flexible Workspace Market Grows 18% in 12 Months
A few days ago, The Instant Group released a first-of-its-kind report, comparing the coworking and serviced office marked across key cities in the world. And guess what? New coworking markets are coming at it with full-strength: “the new markets for coworking are showing greater, proportional growth than the larger, more established cities such as New York and London.” And the the most rapid expansion is happening in…well you’ll have read the full story. Link below.
Read the full report and key findings here.
Canadian Governments Invests $3 Million on Coworking
Looks like Canada is following the footsteps of Maine’s government in betting on the coworking movement. According to a recent article by Betakit, “The Government of Canada is investing $3 million towards establishing two new creative coworking spaces in Vancouver”. The investment is being made through the Canada Cultural Spaces Fund.
Get the full scoop and read how the money will be used here.