News

After WeWork released it had doubled both its revenue and losses last year, some investors have started to question whether the coworking unicorn can sustain a recession.

Major serviced-office firm IWG has offloaded its Japanese office arm in a £320 million deal as it continues its worldwide expansion and makes a name as a franchisor.

WeWork and Alibaba’s cloud sector have partnered up to launch the coworking operator’s startup accelerator program WeWork Labs throughout various cities in China.

Coworking spaces are one of the best places for businesses to network with each other, which can be encouraged through events, breakout areas, social media, and more.

Thanks to the help of major coworking firms such as WeWork and Industrious, Phoenix is anticipated to double its 9,000 square feet of coworking space by the end of 2019.

Chain office supplier Office Depot will continue expanding its coworking branch Workonomy Hub, with two new spaces opening at its Lake Zurich and Irving locations.

Technology has shifted how many companies operate. In particular, virtual and augmented reality can potentially make collaboration easier, as well as boost productivity.

Coworking giant WeWork has announced its entrance into the Scotland market with an Edinburgh center that will house small to medium-sized businesses and larger firms.

Coworking operator Common Desk has announced its new Richardson office at the CityLine building is expected to open in the fall, where it will take up 31,500 square feet.

Hub Australia has launched its new Flexi-Impact program that offers purpose driven businesses 1% of its total member capacity as a complementary 12 month membership.