Coworking

CBRE is betting on a future of flex with a fresh $100 million investment into flexible workspace operator Industrious following its $230 million investment from last year.

IWG will open a 38,000 square foot Spaces location, taking up the ninth through 12th floors and penthouse as it prepares for companies embracing hybrid work policies.

Coworking spaces that offer low-commitment, fully equipped workspaces are quickly rebounding to their glory days, with a slightly mature edge.

The 2022 Hot Desk Price Index Report showed that eight out of the top 10 most expensive hot desk cities were in Switzerland, while the remaining two were in California.

WeWork’s consolidated gross desk sales clocked in at 166,000 during the first quarter, marking the highest reported sales since the first quarter of 2020.

IWG will transform excess space at a Tesco Extra Store, where it will take up 3,800 square feet to incorporate 30 coworking spaces, 12 desks, and a meeting room.

The $100 million acquisitions of the Great Room and Welkin & Meraki will expand Industrious’ footprint by around 1 million square feet.

This marks the first Life Time Work coworking space in New York and will bring the firm’s well-known athletic club to the Downtown Brooklyn building.

Unagi recently announced a program that offers exclusive versions of its e-scooters available to rent at apartments, coworking spaces, and hotels.

Over one dozen Common tenants revealed that they have experienced roommate conflicts, maintenance delays, poor security, and even vomit at the shared living facilities.