Coworking

While operators that have survived the pandemic are moving forward with operations, the future will provide an even greater challenge for these company’s sustainability.

Barnfox will open its first Manhattan community hub, joining its other locations in the Catskills and the Hudson Valley, and has also launched its Residencies Program.

WeWork has announced that it will divest its Russia operations just days after CEO Sandeep Mathrani said the company had plans to keep its four Moscow locations open.

WeWork’s shares have fallen by over half since it went public in October, and reports now reveal that the company is looking to raise new equity.

CEO Stacy Taubman has announced that the coworking operator will unwind its business after the most recent Omicron wave of Covid-19 hindered its memberships.

Taking a dash of Airbnb’s model, Dan Hillman created Jarvo, a startup that aims to collect a network of flexible workspaces across the UK within peoples’ homes.

Flexible workspace provider Mindspace will open two new locations in Berlin following its recent funding of $72 million in equity capital that is going towards expansion.

WeWork CEO Sandeep Mathrani has confirmed that the coworking provider will continue to operate in Russia, citing how well its four locations in Moscow perform.

The pandemic’s impact on expansion plans and elongating sales cycles led to “lower than anticipated” bookings in the six months up to January 31 for software firm essensys.

Flexible workspace operator Industrious will team up with Piedmont Office Realty, CBRE, and Dilweg to open three new locations across the Atlanta market.