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CommonGrounds Aims To Become One Of The Largest Operators In The U.S.

San Diego-based CommonGrounds Workplace has raised $40 million from current investors that will go towards its national network expansion plan. Click To Tweet

The company has eight locations after raising $100 million earlier this year and anticipates opening 21 by March 2020.

The plan to becoming one of the largest flex workspace operations in the country includes having a footprint of 2 million square feet, putting it on par with the likes of Knotel.

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Additionally, the company’s shift to reusable, movable alternative to drywall will greatly cut operating costs — a key factor in standing out in the market as industry leader WeWork has been heavily scrutinized for their high operating costs. 

Developed with Italy’s Tecno SpA, the walls feature built in electricity and internet cables, connect to heating and air conditioning systems, and will reduce future demolition and construction costs.

ABOUT Aayat Ali
Aayat Ali

Aayat is an editor for the Daily Digest based out of Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces. Feel free to reach out to her at [email protected]space View all posts by Aayat Ali

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