Coworking

KONGSI WORK, deriving from the Malay word “Kongsi” that translates to “share,” will span 10,000 square feet and offer a variety of workspaces for professionals.

According to WeWork India CEO Karan Virwani, the fresh funding from BPEA Credit will be used towards growth and acquisitions as demand for flexible offices continues to grow.

Second National Bank in Hamilton will be redeveloped and transformed into a coworking space with various food and beverage options.

Flexible workspace provider Convene fired 54 employees working in its headquarters and other New York City locations.

Bengaluru in India came out on top, featuring a supply of 10.6 million square feet of space as of September of this year.

Use.Space offers all the classic services coworking spaces are known for, but goes beyond the spectrum to create a unique experience.

While countries with single governmental entities are likely to continue moving towards enacting laws that help manage remote work arrangements, the U.S. is unlikely to follow suit.

“The fusion between LWP and coworking is a natural response to the rising demand for flexible workspaces from remote workers, freelancers, startups or smaller businesses,” wrote Laura Pop Badiu.

In addition to expanding to meet demand, landlords also want to diversify, with half of respondents saying around 16% to 25% of their portfolios will be flexible by 2025.

Located in Framingham, the new 21,000 square foot space will serve as the company’s eighth coworking space in the Metro West region surrounding Boston.