Office provider LABS has launched its 96,100 square foot flagship property LABS House in Bloomsbury, London that features coworking, offices, and full-service dining.
How to stand apart in the saturated coworking market
Coworking spaces are a way for businesses to enter into long-term leasing agreements and rent out the space on shorter leases to other companies.
The now wildly successful industry can make it hard for operators to stand out, but Waterman Business Centers is attempting to by providing more community and comfort in their offices.
Waterman’s brand new center in Melbourne’s south east is in the Caribbean Gardens. The company doesn’t own the building, but worked with owners to create an office that has a small shopping strip with a barber, bank, bar, healthcare and more.
The building is also surrounded by gardens and a lake with a surrounding track.
The facility offers dedicated spaces where members can lock their gear away, as well as hot desks, communal areas and training/seminar rooms.
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Most unique about the space is the Rainforest level that is covered in artificial grass, lots of plants and subdued lighting that offers a different type of work experience.
As much as startups benefit from coworking spaces, larger companies are beginning to realize the perks too.
Each customer gets access to high-speed internet, and distinctively offers clients access to WiFi through ISP services, like iP addresses so each customer can use their own routers and firewalls, which is perfect for banks and other big companies.
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Cool office interiors are ideal at first glance, but looking into a company’s principles, such as gender equality and flexibility, will be the factors that retain talent.
Colliers International revealed the success of the office market last year due to high demand for coworking and tech firms, but predictions for 2019 are uncertain.
Shared office space providers as tenants have become the norm for many landlords and building owners, and now many REITs have adopted coworking as it continues to expand.
Brookfield Properties has teamed up with Convene to spruce up the 73,000 square foot Brookfield Place into a full-service events venue that accommodates up to 500 people.
Many coworking operators pride themselves on massive, rampant expansion, but some industry experts believe this growth could lead to failure and consolidation in 2019.
Coworking has expanded into many major markets of the nation over the past few years, but some firms are finding their client base to be working moms in the suburbs.
Howard Hughes, the development team behind Chicago’s Bank of America Tower, announced that luxury coworking brand No18 will take up two floors in the 55-story building.
WeWork has officially become one of Seattle’s largest office space occupiers, along with Amazon and Microsoft, and has a total footprint of about 1.7 million square feet.