In The Loop: The Flex Economy, Knotel, And OfficeRnD

During a recent event, Knotel’s co-founder suggested that the company will be slowing down its growth

Flexible Workspace to pPump £12bn into UK over the Next Decade

A recent report by independent economists at Development Economics revealed that “the increasing migration of flexible office space to the outskirts of major UK cities is creating a ‘flex economy’ that could contribute more than £12bn to local economies in the next decade.” The report also found that coworking spaces create on average 231 jobs and are currently pumping more than £15m into the local economy, with over 246,000 people working in the flexible workspace industry. 

Knotel’s Growth Is Slowing down

Crain’s New York reported this week that Knotel’s co-founder, Edward Shenderovich, suggested that the company’s rapid growth is over. During an event, Shenderovich stated that “there’s no reason to grow as fast,” mentioning WeWokr’s collapse as a cautionary tale. Crain’s reported that Knotel “has at least 780,000 square feet of present or soon-pending vacancies, amounting to nearly a third of its 2.5 million square foot New York City portfolio.”

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OfficeRnD Raises $3 Million

OfficeRnD, an all-in-one software platform company for coworking and flexible spaces, has raised $3 million in funding led by Flashpoint Venture Capital and Launchub Ventures. The company will use the funds to power its growth.Co-founder and CEO Miro Miroslavov stated that, “we will use the investment to take the user experience, the functionality depth of our products and the services we provide to a new level and achieve our long-term vision: to make flexible working (Workspace as a Service) the way of working.”
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