In The Loop: Coworking Operator Focuses on Tier 2 Markets, Doubts Cast on WeWork, and Coworking Franchise

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Skepticism Surrounds WeWork Financial Model

Flexible workspace and CRE experts remain skeptical about WeWork’s ability to stay afloat during a recession with their current financial and operational model. Experts are leaning towards less-risky and sustainable models that would allow coworking operators to grow and remain in business long-term.

Serendipity Labs Lands Franchise Deal

New York based coworking, Serendipity Labs, announced a franchise deal with Columbus company, Renascent Hospitality. According to the announcement, Renascent will open four Serendipity Labs locations throughout Columbus, OH next year, 2017.

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Italy-Based Coworking Raises €12M

Talent Garden, a coworking brand founded in Brescia, Italy, has  landed a €12M funding round from investors. According to this TechCrunch article, the Italian coworking brand is focused on Tier 2 markets and will use the funds to continue its North and Eastern European expansion.

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