While some critics and analysts have been put off by questionable information from WeWork’s pre-IPO filing last week, other coworking firms are finding a new way to present themselves as an alternative to the company.
For example, Industrious is a prominent coworking company that recently received $80 million in funding from notable investors such as Brookfield Properties and Equinox.
[bctt tweet=”Industrious’ business model differs from WeWork’s in that it focuses on directly managing leases through landlord partnerships, according to CEO Jamie Hodari.” username=”allwork_space”]
Currently, the company has 80 locations across the country and plans to use its fresh funding to expand into Mexico, Canada and Europe.
Due to WeWork’s lack of profitability and determination to become the world’s biggest office tenant, real estate backers are finding solace in safer choices such as Industrious.