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.
Kr Space Receives $145 Million In Recent Funding Round
WeWork’s biggest rival in China, Kr Space, has just announced it raised $145 million in a new funding round led by IDG Capital and new backers Gopher Asset Management and Yixing Capital.
The proceeds from the funding round will go towards its new business strategy to become “a full life-cycle enterprise office service provider” where it will provide integrated office services and asset management services.
Last May, Bloomberg reported that the company had plans to raise $200 million in a funding round that would go towards expansion.
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Currently, the company operates 40 coworking and hopes to expand across China as well as other cities in Asia-Pacific.
The China Real Estate Chamber of Commerce said that coworking spaces in China’s four first-tier cities has grown by 60% between the end of 2017 and last October, but 40% of overall spaces were half empty by the same time.
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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.
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.