News

Coworking firm WeWork has reportedly backed out of at least five negotiations to occupy office space in Hong Kong, possibly indicating the company’s financial restraints.

A survey of 1,000 WeWork members found that, while some use the space out of convenience, others find the culture to have an effect on their professional identities.

While WeWork is expected to file for an IPO this year, its valuation and recently announced losses have left investors worried about the sustainability of the company.

IWG has started rolling out a franchise model, similar to that of McDonald’s, enlisting franchisees to take the reins in subleasing Regus and Spaces offices to companies.

Chicago-based Novel Coworking has purchased Denver’s 195,753 square foot, 17-story boutique office property Trinity Place in Uptown that is currently 65% leased.

Companies are now seeking out short term leases, leaving landlords with few options to fulfill long leases, but coworking firms may be the solution to this problem.

WeWork has signed 54,700 square feet of office space across three locations in Manhattan for its Headquarters by WeWork arm to meet the needs of medium-sized companies.

Implementing yoga in the workplace could be tied to improved health and an increase in employee productivity and satisfaction as it helps shape a workplace’s culture.

Rise Collaborative, a St. Louis-based coworking operator that caters to professional women, will open its new 10,000 square feet location in Denver’s Hale neighborhood.

Coworking operator Regus has signed a lease to take up 3,600 square meters of the Tiriac Tower in Bucharest, which is currently in development near Victoriei Square.