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Coworking Firms Experience Major Growth In The UK

Major coworking firms’ portfolios in the UK grew by 22% last year despite increasing competition in the industry.

For example, WeWork’s footprint in the UK grew 30% last year despite having a turbulent year due to its scrapped IPO and the ousting of founder and former CEO Adam Neumann.

Additionally, IWG’s brand Regus opened its largest London location, taking up 80,000 square feet in Victoria.

“The shared offices industry continues to invest in new space on a very large scale, even as the market becomes more competitive,” said Dennis Ko, Boodle Hatfield partner. “It’s hard to overstate just how revolutionary this latest wave of shared workspace companies have been in the commercial real estate market over the past few years. They have fundamentally changed what people expect an office to look like, and what services and office should have.”

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] View all posts by Aayat Ali

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