IWG added a record 728 locations to its global network in the first half of 2026, as companies continue turning to flexible workspace amid uncertainty over future office needs, according to Property Week.
The company, which operates brands including Regus, Spaces, HQ and Signature, signed 728 new locations during H1, up from 496 in the same period last year. It also opened 425 locations, compared with 338 in H1 2025.
Managed And Franchised Sites Drive Growth
Recurring fee income from IWG’s managed and franchised locations jumped 84% during the first half. Those locations now account for 22% of IWG’s total revenue, compared with 18% a year earlier.
The results build on IWG’s record 2025 performance, when the company reported $4.45 billion in system-wide revenue.
AI Is Making Office Demand Harder To Predict
IWG said AI is adding another layer of uncertainty for companies planning their office portfolios. Its research found that 60% of surveyed CEOs and CFOs said AI has made it impossible to know how much office space their companies will need two years from now.
That uncertainty is helping drive interest in flexible workspace, which allows companies to adjust their office footprint without committing to long-term traditional leases.
IWG expects lower overhead costs in the second half following recent growth initiatives and operational changes. The company maintained its 2026 adjusted core profit forecast of $585 million to $625 million.
