News

The coworking space market made huge moves in India this year. Now, operators are moving into Tier II cities to continue their expansion of this rapidly growing industry.

Coworking operator Knotel has added an additional 100,000 square feet to its New York City portfolio, bringing their footprint to just over 2 million square feet.

The Philippines coworking space market is expected to expand by 10% annually over the next three years thanks to enterprise demand and increased office developments.

Remote working is now a standard work style for many employees. With this, new trends are expected to occur in 2019 that will shift work environments for years to come.

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.