News

Knotel has signed a lease for 14,160 square feet in the Eretz Group’s 11-story Fifth Avenue building, pushing its Flatiron District footprint to 580,000 square feet.

Coworking firm WeWork has received a $47 billion valuation as it approaches its IPO, but skeptics wonder if the not-yet-profitable startup should still move forward.

Colliers International’s recent report revealed that, while Q1 of 2019 saw slow absorption rates, seven out of the top 10 office markets had a positive net absorption.

WeWork’s valuation has been set at $47 billion as it approaches its long-awaited initial public offering thanks to its loyal backers such as SoftBank and JPMorgan Chase.

Gone are the days of cubicles and 9 to 5 hours. Now, businesses are expected to maintain a diverse workplace to include flexibility for workers from all generations.

Spaces, IWG’s coworking arm, has announced it will take over 5,000 square meters of office space near Shanghai’s Xintiandi complex after Kr Space defaulted on its rental.

WeWork has entered a revenue-sharing agreement with realty company RXR to manage four floors of 75 Rockefeller Plaza, where they will split revenue and renovation costs.

India’s crowded coworking market may cause some operators to second-guess their presence in the area, but Garage Society sees it as an opportunity to expand across Asia.

As WeWork gears up to go public, some wonder if its current backers, such as SoftBank, made the right decision to invest billions into the not-yet-profitable startup.

David Burgess and Liam Tolan, former musicians, have announced the opening of Fugitive Motel, which will offer coworking spaces by day, and pizza and local beer by night.