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.
WeWork Labs celebrates its one-year anniversary
Since the relaunch of WeWork Labs about one year ago, the accelerator program has expanded into 37 locations across 22 cities.
WeWork originally launched WeWork Labs in 2011, but it grew unfeasible the following years. Roee Adler, the program’s head, relaunched the program in New York and has now been rapidly opening locations.
Each Labs office is supervised by a Labs manager, who is typically a former entrepreneur who has a passion for the startup community.
Labs managers carry the role of being a business connector for startups by meeting with entrepreneurs and understanding their needs and challenges.
“A lecture that is at our Najing Xi Lu Road space in Shanghai will get captured, summarized, translated and become available to all of the entrepreneurs around the world,” Adler said. “Does that mean every piece of information is relevant for everyone? No. But truthfully, who knows?”
The Latest News
Delivered To Your Inbox
WeWork Labs held a pitch competition at the company’s headquarters to celebrate its one-year anniversary. The $150,000 grand prize went to Lilu, a startup that makes compression bras for breastfeeding mothers.
Adriana Vazquez, CEO and cofounder of Lilu, said that working out of WeWork Labs allows companies to have the community of an accelerator without a fixed schedule.
“We had a brief stay at another co-working space with creatives and small businesses, and there wasn’t that camaraderie, where you see someone that’s working on a weekend and you know you’re not here because they want to hang out on a Friday,” said Vazquez.
Adler says that Labs wants to do more work to connect startups with corporations as it enters its second year and also hopes to reach 100 locations by the end of 2019.
Latest on Daily Digest
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.