News

WeWork is taking advantage of Tokyo’s recent office boom, opening 11 new locations throughout the city in 10 months and hopes of opening 20 more by the end of 2019.

CoWrks, based in Bengaluru, is hoping to expand its 1.5 million square feet to 11 million square feet by 2020 across cities such as Mumbai, Bengaluru, and tier-II cities.

The real estate tech market has grown massively in 2018 and companies like WeWork, Katerra, OpenDoor, and Compass are leading the industry on its path of expansion.

One of Singapore’s biggest coworking firms JustCo is close to becoming a unicorn: a startup that is valued by at least $1 billion and will continue expanding in 2019.

Felena Hanson, founder of Hera Hub, explains that independent coworking spaces still have skin in the coworking game by providing a niche environment for members.

Japanese architect Taku Sakaushi has designed a new coworking space located on the third floor of a Fujiyoshida building that features vast views of Mount Fuji.

Balance Space is relaunching in early January. The coworking space will provide on-site child care services for working parents as well as other flexible office amenities.

The open office concept is a popular design across many spaces, but studies show employees prefer an office that provides a variety of private and collaborative areas.

WeWork has added a new arm to its real estate portfolio with an investment fund called ARK that acquires properties, despite pushback from the real estate industry.

Coworking spaces have grown exponentially in the past few years, with CBRE Asia reporting a 50% growth from 10 million square foot growth in 2017 to 15 million in 2018.