Real Estate Investment Firm, Hines, joins the list of landlords that have entered the flexible workspace industry. Hines has partnered with Industrious and Convene to offer flexible workspace in Hines properties. Bloomberg reported this week that “Industrious will serve as one of Hines Squared’s operating partners” and it will run the first two locations, slated to open in Houston and Salt Lake City this year.
A recent article on Forbes argues that “franchisees are looking towards the serviced office market for lucrative new opportunities.” The flexible workspace industry is one of the most exciting growth markets in the world, and it could be the next franchise frontier. Industry leader, International Workplace Group (IWG) recently re-launched its franchise business and other franchise brands like Serendipity Labs, Office Evolution, and Venture X are experiencing significant growth.
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A few months ago, Convene announced a strategic partnership with Eden Health to roll out the company’s healthcare services to Convene’s members. This week, Eden Health announced that the newest Eden Health location will be anchored in Convene’s Flagship 350 Fifth Avenue location. According to the release, more than 25 locations will open in partnership with Convene over the next 18 months.