Dr. Gleb Tsipursky – The Office Whisperer
Nirit Cohen – WorkFutures
Angela Howard – Culture Expert
Drew Jones – Design & Innovation
Jonathan Price – CRE & Flex Expert
- GCUC’s Liz Elam and Stormy McBride shared with Allwork.Space details of their new global membership
- 93% of the coworking industry is individually owned and operated — yet they don’t have the recognition or buying power of the big players.
- GCUC’s new membership aims to help operators make a profit, while nurturing positive and inclusive communities.
Earlier this year it was pointed out that the US and UK flexible workspace markets are dominated by small independent operators.
The Instant Group’s “2018 US Flexible Workspace Review” found that “independent operators make up 93% of the US market. As for the UK, Instant’s “The Evolution of Flexible Workspace” found that “the number of centers run by smaller independent operators has grown to 83% of the London market.”
Late last week, the Global Coworking Unconference Conference (GCUC) announced that it was rolling out a new global HR services membership. Speaking to Allwork.Space, Stormy McBride, Director of Operations for GCUC, shared that they have been working on this new service for over a year.
“We feel passionately about uniting all of the individually owned and operated coworking spaces. It’s these spaces that make up the majority of the industry yet they aren’t as well recognized and established as the big players.
“We want to leverage the power and influence of a large group to give small businesses and individuals better access to services and resources that would otherwise remain inaccessible to them.”
The coworking industry has grown exponentially over the past couple of years. Two years ago, flexible workspace leaders stated that, like every other rapidly growing and maturing industry, we would start to see consolidation among flexible workspace operators.
Back then, Liz Elam, Executive Producer of GCUC, stated that we would see “different operators coming together as more spaces are bought by large brands.”
In such an event, it would fall into the hands of small operators to adapt and re-strategize.
GCUC’s membership will allow small independent operators to do exactly that: adapt and re-strategize, especially as competition continues to intensify even among small operators and the larger operators continue to get bigger.
Talking about why they decided to offer this service now, Elam commented, “We created a membership for the same reasons we created GCUC (the conference), because our community was asking for it. We felt that this was the next logical step in the GCUC evolution: to provide our global network and community with benefits, opportunity, and connections.”
GCUC is hoping to go back to the roots of coworking, even as the industry continues to grow and evolve.
Recently, some flexible workspace experts argued that we need a new definition for coworking, stating that “coworking has evolved into something that is not really coworking anymore.” This is especially relevant among operators that are seeking to provide a new workplace solution for enterprise-level clients.
During GCUC UK this year, Carsten Foertsch from Deskmag stated that “the first coworking spaces were built not to create profit, but to improve the working lives of people by forging connections, building communities and beating loneliness.”
However, in order for operators to do this, they need to remain in business and make a profit. GCUC’s new membership aims to reconcile both sides of the equation: make a profit (have access to necessary resources), while nurturing a community where people can make connections and battle loneliness.
This year we have seen several interesting pivots from companies involved in the flexible workspace industry. Increased investment and competition have led operators to think of new ways in which they can differentiate themselves, and there is no doubt that this trend will continue as the industry grows and matures.
Recent industry pivots include:
- CBRE’s launch of its new coworking brand Hana
- WeWork’s HQ Service
- Flexible workspace operators and property owners entering into management agreements
- International Workplace Group’s (IWG) efforts to go private
- London Executive Offices going private
- Operators that rebrand and change their company name
