Distributed companies are organizations that don’t have a physical central location, which allows its employees to work from any place in the world on their own schedule.
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A CBRE report found that Manhattan’s flex office footprint has tripled to 15 million square feet as it maintains the title of largest flex office market in the country.
As the coworking model becomes more of a staple in the office market, competing operators must find the offerings that can keep them afloat during an economic downturn.
A CBRE report shows that flex space could represent nearly 600 million square feet of office supply by 2030, leading to traditional offices converting to flexible spaces.
While Chicago’s coworking and real estate markets have been on the rise, depending on financially weak coworking operators such as WeWork may put landlords at risk.
Unicorns fueled by overzealous venture capitalists continue to fuel the tech sector, but a failed WeWork initial public offering could put an end to the unicorn era.
A new report from Cushman & Wakefield has revealed that flexible workspaces in Central London are expected to exceed over 2 million square feet by the end of the year.
CommonGrounds Workplace recently raised $40 million from investors that will go towards its national expansion plan to have a footprint of 2 million square feet.
Venture capitalists eager to throw huge sums of money at private companies losses may want to rethink their strategy in light of WeWork and SoftBank’s IPO conundrum.
Female-focused coworking firm The Wing has announced it will launch a LinkedIn-esque app that allows women to network with each other, but only if they are members.