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.
Great Britain companies prepare for Brexit
Many companies throughout Great Britain have opted to take up offices in Belfast and Dublin coworking spaces on the cusp of Brexit uncertainty.
For example, coworking firm Glandore has said that since the beginning of the year, 64% of its inquiries have come from companies in other parts of the UK.
Glandore has over 3,000 desks across nine locations and has had clients such as Facebook and Twitter using their spaces.
The Latest News
Delivered To Your Inbox
To prepare for Brexit, the firm has seen three of its Belfast member companies take up virtual offices and flexible workspaces at its Dublin location.
“Uncertainty still looms over most businesses as the Brexit deadline draws ever closer,” said managing director Michael Kelly. “We’re still no clearer as to what kind of deal will be agreed and there is the likelihood of a no-deal scenario.”
Latest on Daily Digest
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.