Miami’s office market continues to be dependent on coworking firms to fill their spaces, but some landlords are concerned that their absorption rate is becoming too much.
Convene co-founder takes a step back
Chris Kelly, co-founder of coworking operator Convene, has stepped down from his role as president and now oversees the position as the board’s vice chairman. As a result, the company is searching for a new leader as it works towards global expansion.
Convene is based out of New York and currently has 23 locations across the country that offers coworking services for mid-sized tenants.
“Convene’s business has evolved over the past 10 years, and my role evolved along with it,” said Kelly said.
Now, Convene has plans for doubling its number of locations globally by the end of 2019. It signed its largest space at 116,000 square feet on 530 Fifth Avenue.
The Latest News
Delivered To Your Inbox
The company has raised $280 million since its launch a decade ago and has attracted investors from big names such as the Durst Organization.
Apart from his role as president, Kelly was also the leader for the launch of Elevate, the company’s workplace app for tenants and landlords that provides services such as keyless entry and food order. The platform is now live and Convene brought in a Chief Product Officer to advance the product further.
Latest on Daily Digest
Gym-coworking hybrids have gained traction recently, allowing members to be productive at work while encouraging them to take care of their physical and mental health.
The 2019 Global Coworking Survey has revealed that there is to be 2.2 million coworking members by the end of this year and identified the state of the industry so far.
Office Depot has been testing out coworking spaces within three of their existing locations in an effort to expand its current services and drive traffic into stores.
Just ahead of its IPO, WeWork has signed four new Manhattan leases to open its “Headquarters by WeWork” offering dedicated to providing un-branded spaces for clients.
Despite the coworking industry seeming congested, operators are not concerned about the competition as each coworking space gears its services to a specific audience.
Flexibility in the workplace has become a common option for workers, but some firms are going further by becoming 100% remote so staff can work from wherever they please.
Coworking firms, such as WeWork and Knotel, have been rapidly expanding their footprint in New York’s Flatiron District as it becomes the city’s hub for shared offices.
British brand Established & Sons have introduced four new furniture designs that aim to create a more comfortable workplace, while also being functional to homes.
Condeco’s newest research paper found that 41% of employers offer remote working, thanks largely in part to major technological advancements that are sweeping workplaces.
Industrious is partnering up with national retail and mixed-use developer Seritage Growth Properties to brings its coworking spaces into five of the retailers locations.
Companies have accepted that wellness in the workplace should be prioritized, but the trendiness of it can overshadow what is most effective — starting from the basics.