Coworking

The firm will once again partner with Industrious, known for its property management agreements, to open a new coworking space at the 3 Houston Center building.

While operators have expanded and landlords dip their toes into the pool, the question isn’t whether flexibility will continue to expand. Rather, it should be asked, “Can money be made?”

Referred to as “capital-light” contracts, the model allows coworking companies to operate and manage spaces on behalf of landlords, then splitting a share of the profits

In recent months, digital nomads have become a huge driver of revenue for hospitality companies as more organizations pivot to a hybrid or remote work model.

According to a new Chicago-focused study from The Instant Group, interest and inquiries into coworking are forecasted to surpass expectations for this year.

The Howard de Walden Estate, who are responsible for owning much of London’s Marylebone neighborhood, will open a new coworking space in the West End by mid-2023.

The first KuMo Office model is the KAGU House located in Asahikawa, Hokkaido, complete with Hokkaido-derived wooden design, a meeting space and a living area for up to 12 people.

The new coworking space, coined Industrious Legacy Place, is part of a 675,000 square foot retail center in Dedham, Massachusetts.

With the help of office software firm Kumospace, theDesk will expand their services to provide a one-stop-shop solution for the modern workforce.

The new location will feature a $1 million renovation of Travis Park Plaza, including transforming 20,000 square feet of existing office space.