IWG to Take over Former WeWork Locations in NYC and London

IWG announced this week that it is set to open eight new flexible workspace locations. Five out of those eight locations were previously operated by WeWork; two in Kensington, London, and Park Avenue South, New York. Additional locations will be opened in Jakarta, Chicago, Philadelphia, and New York City. 

IWG has experienced increased demand for flexible workspace, claiming that demand is up 14% from pre-COVID levels. The flexible workspace conglomerate has added over 100 new locations in the first half of 2021, including franchise locations. 

IWG attributes the increased demand for flexible workspace to the pandemic. Mark Dixon, CEO of IWG said that, “The pandemic has accelerated the shift to the hybrid model by 10 years … There has been a rapid change.”