Major office space provider IWG has started adopting the franchisor model, pioneered by fast-food company McDonald’s, in its effort to edge further away from WeWork.
7 unique coworking firms
As the entrepreneurial economy has grown, coworking spaces have grown alongside with it. Here are a few coworking spaces that have set their brands apart from the rest of the competition.
Galvanize was founded in 2012 by Jim Deters, a restauranteur and tech entrepreneur to educate Denver’s startup scene. The offices include high-speed internet, phone booths, expandable conference rooms, and communal workspaces and mentorships from industry experts and venture capitalists.
San Diego-based space Hera Hub offers a supportive community for women to grow their businesses. Services include collaboration tools and mentoring for businesses from all sectos. Despite the coworking hub being focused on women professionals, it is highly inclusive to all.
Landing Zone in New Orleans started when marine veteran Robert Armbruster founded VetLaunch, a company that connects veterans with the resources needed to transition into civilian life. VetLaunch now operates the Landing Zone, which is a business incubator and coworking space open to veterans and civilians.
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NeueHouse is a high-end posh coworking space with a cultural platform and has a carefully curated community handpicked by a committee. The space includes high-end food and beverage offerings, exclusive after parties, advanced film screenings, and more.
Paragraph in New York is a space tailored for writers looking for a quiet haven to get work done. Both Manhattan and Brooklyn locations have soundproofed walls, writing rooms, partitioned desks, as well as writer-specific events and activities.
New York’s Rough Draft is a hybrid coworking space and full-service creative agency catered to freelancers, remote workers and small startups.
The Farm is yet another New York location that offers a Midwestern Americana design within the city. Complete with rich oak barn-wood and farmland fixtures, the space offers a wide range of events for members to promote work and collaborate with like-minded professionals.
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America’s malls are becoming more and more vacant, but coworking companies are taking advantage of these empty spaces to expand their services in a nonconventional way.
Flexible workspace provider Knotel has once again expanded its presence in central London, signing three new deals across the city totaling 40,000 square feet.
Office Evolution, the nation’s biggest coworking franchisor, will expand its footprint in Mount Pleasant as it continues to cater to small business owners in the area.
Although coworking spaces are often categorized as servicing major cities, tier II cities are having their moment as many startups continue to flood into these areas.
Amy Nelson, CEO of The Riveter, has made it her business to promote inclusivity of women in professional settings while also providing men tools to value gender equality.
A survey of 1,000 WeWork members found that, while some use the space out of convenience, others find the culture to have an effect on their professional identities.
While WeWork is expected to file for an IPO this year, its valuation and recently announced losses have left investors worried about the sustainability of the company.
IWG has started rolling out a franchise model, similar to that of McDonald’s, enlisting franchisees to take the reins in subleasing Regus and Spaces offices to companies.
Chicago-based Novel Coworking has purchased Denver’s 195,753 square foot, 17-story boutique office property Trinity Place in Uptown that is currently 65% leased.