News

Retail department Lord & Taylor will close its doors in January and workspace operator WeWork will take over the 11-story holiday attraction in an $850 million deal.

Former WeWork executive Robert Cartwright joins CBRE’s new coworking company, Hana. He holds the position of chief operating officer after leaving WeWork in August.

Coworking space operator Novel Coworking its 5th location in Chicago’s River North and is beside their other River North space on W. Huron St., which is fully occupied.

Coworking hotels are ideal for digital nomads in today’s work environment. It combines both work and lifestyle accommodations, with the hospitality of a normal hotel.

Coworking giant WeWork has its hopes set on branching out from coworking spaces and creating a community through it. Its continued growth might help achieve that.

WeWork has grown their Chinese market from four locations to 60 in 2 years and is continuing upwards, but not without some competition from their biggest rivals UCommune.

Since 2014, Israel’s coworking spaces have grown from 16,000 square meters across the board to 60,000 and is continuing the growth by announcing two brand new spaces.

Hawaii has caught onto the coworking wave, showing major growth in shared workspaces since 2010 thanks to startups and corporations.

Amol Sarva, Knotel co-founder, is growing exponentially and expects to be bigger than WeWork in 15 months.

A new report by JLL’s EMEA group shows how the flexible office trend has been steadily growing thanks to technological advancements and popularity of coworking spaces.