In The Loop: Coworking In Singapore, Pilotworks’ Closing, And WeWork

The closing of niche coworking space, Pilotworks, displaced over 175 small food businesses

The Future of Coworking in Singapore
Channel News Asia shared a video that explores the growth trajectory of coworking in Singapore and who is driving the increased demand of flexible workspace. According to reports, the flexible workspace market in Singapore is expected to grow 20% next year (2019).

Brooklyn-based Pilotworks Closes Unexpectedly
Gothamist reported that over 175 small food businesses were displaced by Pilotworks’ unceremonious closing. According to the report members “found out about the abrupt closure in an email the company send around Saturday evening, over an hour after staff forced members to leave the Brooklyn facility.” The company’s email stated that Pilotworks was forced to cease operations effective immediately after failing to secure funds.

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WeWork’s Head of Global Real Estate Leaves
The Real Deal reported this week that “Mark Lapidus, WeWork’s former head of global real estate and one of the company’s earliest employees, has left the company amid a leadership shakeup in the real estate department.” Lapidus had been with the company since 2012 and his involvement in the company decreased in the past few months according to sources.

 

For more flexible workspace industry news, check out our Daily Digest section!

 

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