Tag: Coworking

Global factors are impacting the stock market. One theory that could explain IWG’s falling shares is that the stock market is currently more focused on profitability, rather than physical footprint.

The new coworking space will take up 21,500 square feet and is expected to open this December.

The post-pandemic era is driving the need for flexibility and highly-amenitized workspaces, thus allowing operators to quickly reach pre-pandemic levels.

The new partnership seeks to enhance wellness and mental health support for members in a professional setting by matching them to a licensed therapist.

The deal, which is expected to be completed in July of 2022, is 94% higher than Bizspace’s valuation when Sirius purchased the firm last November.

The investment will be used towards expanding its network of operators in the US, as well as fleshing out new products.

Gone are the days of these spaces being dedicated to only bright-eyed and bushy-tailed startups. Now, corporations are climbing aboard the flexibility express. 

Premier Workspaces is celebrating its 20th anniversary as a flexible office provider. The company now manages over 1.5 million square feet of workspace across the U.S.

CBRE is betting on a future of flex with a fresh $100 million investment into flexible workspace operator Industrious following its $230 million investment from last year.

IWG will open a 38,000 square foot Spaces location, taking up the ninth through 12th floors and penthouse as it prepares for companies embracing hybrid work policies.