Mexico’s Expansion reported this week [article written in Spanish] that after just 3 years in the market, WeWork has become the largest office tenant in Mexico City. The news one year after WeWork became Manhattan and London’s office tenant. According to reports, the coworking giant boasts over 32,000 coworking members in Mexico City, Monterrey and Guadalajara and it plans to grow that number to 40,000 before the end of the year.
Bisnow reported this week that Savills has joined CBRE in launching its own flexible workspace brand, Pivot. The service will be offered to UK landlords, “who can use it to provide fully fitted out, turnkey office space for tenants.” According to sources, Pivot will target mid-size businesses looking for 40+ workstations and it will offer branding and design, fit-out, IT, and facilities management services.
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According to Commercial Real Estate Australia, Brisbane has the largest proportion of coworking spaces of any Australian city. According to a report by Colliers International, coworking takes up 2.8% of Brisbane CBD’s office stock, with coworking brands taking up almost 12,000 square meters (129,166 square feet) of office space in 2018. Furthermore, Brisbane also recorded the biggest fall in vacancy rates (a 3.2% dip) across Australia’s CBD office markets.
Iconic Offices to Pursue WELL Certification
Dublin-based flexible workspace provider, Iconic Offices, announced that it has plans to deliver the first WELL certified flexible workspace location in Ireland. The company reportedly invested €3.5mil into The Lennox Building and it will seek a WELL v2 certification. The building will include 350 workstations, including a mix of private and shared workspaces, a rooftop terrace, conference and meeting rooms, on-site catering, and break out spaces.