Officebroker.com is rebranding as Officio to move away from the broker model and aid clients in finding long-term solutions, rather than completing short-term goals.
Indian coworking company is going back to the basics
Once upon a time, freelancers and startups would spend hours upon hours at their local Starbucks to get their companies started. Now, coworking spaces offer an innovative hub for these specific communities.
Cushman & Wakefield, a global real estate company, foresees that the coworking market will take over 5-10% of the total U.S. commercial real estate. Aside from major players such as WeWork and Regus, there is an estimated 200 coworking companies currently operating.
Coworking has expanded massively over the past few years as WeWork leads the industry with its 200 U.S. locations.
Coworking in India is also catching on, with the Economic Times of India reporting the industry tripling its growth since 2017.
But now, many coworking companies are seeking to cater to large companies instead of startups and freelancers. Big organizations like Wal-Mart and Microsoft see value in making it possible for their teams to be in an entrepreneurial environment.
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Srivatsan Padmanabhan, co-founder of coworking space GoFloaters, says that they work specifically with freelancers to return coworking to its original vision.
They provide educational tools including: GoFloaters backstory, a series of video interviews from successful entrepreneurs; GoFloaters go seek sessions, sessions that offer knowledge on technology-related advancements; and Business “tear-down” that gives early stage startups a chance to introduce their business plan and receive real time feedback from colleagues.
As coworking begins to stray away from its foundation, companies like GoFloaters are making it their mission to offer freelancers and entrepreneurs numerous tools to support businesses and encourage collaboration.
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JLL research revealed that Dallas-Fort Worth is ranked 12th out of the country’s top 15 coworking and flexible space markets, taking up 3 million square feet of space.
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.
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.