Coworking giants, such as WeWork and IWG’s Spaces, have started to expand their services and lease high profile properties in Auckland’s rapidly growing office market.
The sun shines bright on Morning Coworking
Morning Coworking (BAP), France’s leader in the coworking space market, has announced a partnership with Nexity in order to ramp up its development.
Since its creation, the coworking operator has doubled its revenue every year and is coming off of a couple recent fundraising rounds that totaled 3 million euros.
Since 2018, Morning Coworking has opened nine new spaces in Paris alone and now has 20 spaces across 60,000 square meters. By 2022, the company hopes to increase that number by 200,000 square meters, a challenge that Nexity is eager to take on following its 54% stake in the shared space firm.
“The market is very buoyant and we want to keep supporting this trend in the way people work,” said Clément Alteresco, founder and CEO of the BAP Group. “Market indicators lead us to believe that 10 years from now, France will have 3 to 5 million square metres of coworking office space compared to the present figure of less than a million.”
The Latest News
Delivered To Your Inbox
When Nexity launched its real estate service platform Nexity Solutions Enterprise (NSE), the group fully established their great record as leaders in commercial property management.
The Group hopes to provide clients with ready-to-use office spaces or contractual workstations.
Morning Coworking emphasizes a positive, interactive atmosphere to encourages daily collaboration and a sense of community.
“Tomorrow’s employees and workers will be freer and more mobile, but still very attached to the sense of togetherness and the human touch that are such a core part of Morning Coworking’s identity,” said Alteresco.
Latest on Daily Digest
Sources have revealed that CBRE, the world’s largest commercial real estate services firm, is looking at 3 World Trade Center to house its new coworking brand Hana.
Hoxton Hotel is branching out from traditional hospitality services with the launch of its coworking brand Working From_ at its London Southwark and Chicago locations.
Speaking at the 2019 MIPIM conference, IWG’s CEO Mark Dixon said that companies of various sizes should offer some form of agility in order to attract and retain talent.
As the coworking space sector continues to evolve and grow, experts believe that there will be a 25% growth of these offices within retail properties through 2023.
Ryan Simonetti, CEO of Convene, believes that the firm sets itself apart from the competition by going beyond serviced workspaces and offering more hospitable amenities.
Building Industry Gathering Oakland has opened its 3,650 square foot, one-of-a-kind coworking space geared towards small minority and women-owned businesses in the area.
Novel Coworking’s newest Chicago location will include workspaces, such as office suites, private offices, and coworking space, to accommodate various-sized companies.
As the gig economy continues to become more prominent amongst younger professionals, the demand for flexible coworking spaces from this generation rampantly grows.
Hospitality company Accor is working to expand its coworking services to 1,200 of its hospitality locations, which could make it the largest coworking provider in Europe.
Brexit has left the London office market in development limbo, but thanks to the surprising resilience of the market, builders are moving steadily forward with projects.