Coworking

After the volatility the coworking sector has undergone in the last few years, it appears to be emerging more diverse, niche and successful than ever before.

This September, the flexible office software company will host FlexWorld 2022 in London, its first hybrid iteration of the event.

In a new filing, Selina is moving forward with plans to go public via merging with a SPAC (special purpose acquisition company).

This week, shares in IWG fell 10% following disappointing profits the company attributed to inflation, the war in Ukraine and Covid-19 lockdowns in China.

Common’s executive vice president of property management Karlene Holloman will take over as CEO as the firm hones in on becoming profitable.

The coworking firm confirmed that its offices had reached 72% occupancy by the end of 2022’s second quarter.

“With a surge in demand and limited amount of grade A office space available in metros, quality workspaces are commanding a higher premium,” said Nidhi Marwah.

With a starting cap of 300 members, shares in the Colette coworking club cost $125,000 in addition to annual fees coming to $36,000.

TROT allows landlords to list vacant space onto its online marketplace, post their own pricing, and allows it to be rented out on a short-term basis.

Selina announced that it opened eight new locations during the second quarter of 2022, while also signing deals for eight additional properties.