News

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.

WeWork’s newest endeavor is geared to food-related startups, providing them access to commercial kitchens for a discount and amenities seen at their traditional spaces.

Coworking firm the Yard has been approached by competitors about selling the company or taking a stake in it as consolidation in the industry becomes more of a reality.

Reports have revealed that Dignity Health Wafra, a firm backed by the Kuwaiti government, may lead Knotel’s next funding round, pushing them to a $1.5 billion valuation.

Commercial landlord Tishman Speyer announced it will roll out its coworking branch Studio across L.A. and Boston, putting it in direct competition with other firms.

WeWork is very much known for growing at a rapid pace worldwide by collecting data that takes notes of each area of interest and utilizing space in unexpected ways.