Small coworking providers taking advantage of WeWork woes

Small coworking providers taking advantage of WeWork woes

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Despite its recent challenges, WeWork remains the most popular coworking space in the US, but smaller, local coworking spaces are catching up, according to a new survey from Clutch. According to the study, 39 percent of coworking employees work in a WeWork space, but local coworking spaces are almost as popular, at 36 percent. More →

Real estate leaders continue to see the value of coworking

Real estate leaders continue to see the value of coworking

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serviced offices and coworkingCushman & Wakefield has published a new report that looks at the perceptions held by corporate real estate executives about flexible workspaces and coworking. Cushman & Wakefield partnered with CoreNet Global to survey more than 550 key CRE executives at organisations around the world. More →

Many flexible office users would prefer to work in conventional space

Many flexible office users would prefer to work in conventional space

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Many people would prefer conventional offices to flexible office spaceJoint-research from Gensler and the British Council of Offices (BCO) on the rise of flexible workspace in the UK corporate sector claims that 40 percent of flexible office users would rather work from a conventional office. According to the report, while the future of coworking is increasingly being explored as part of academic and industry research, there has been limited focus on what it means for large corporate occupiers. The 2019 Rise of Flexible Workspace in the Corporate Sector Report (choir members only) aims to identify the drivers of and the barriers to – the use of flexible space and coworking by large corporate occupiers. More →

Flexible office space transforming US commercial property sector

Flexible office space transforming US commercial property sector

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An image from the CBRE report on flexible office spaceA new report from CBRE claims that the US market for flexible office space will generate significant growth over the next decade, even in the event of a recession, as flex operators consolidate and forge financial partnerships with building owners. More →

Are coworking spaces really all the same?

Are coworking spaces really all the same?

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If you’ve ever shopped around for a coworking space, you’ve undoubtedly heard every shared workspace operator brag that its offices aren’t just a place to work – they’re all about community and culture. As Fast Company’s Ruth Reader put it, we’re just a “bunch of co-work startups saying the same things about how different [we] are.”  She’s not entirely wrong, but (with all due respect) I think she’s missed the point about coworking.

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Coworking continues to reshape property markets worldwide

Coworking continues to reshape property markets worldwide

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Epicenter Coworking Space in StockholmAgainst a global backdrop of diminishing business confidence and a weaker outlook for economic growth, a robust labour market in the world’s largest economies continues to underpin demand for office space with high employment levels prevalent across a number of major markets. Demand continues to be driven by the knowledge economy, with the coworking boom continuing to broaden its reach across major markets, forcing traditional landlords to adapt their offering in order to best accommodate existing and potential occupiers. More →

London occupiers mixing conventional and flexible offices

London occupiers mixing conventional and flexible offices

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London occupiers are looking at various ways of occupying spaceAlthough London retains its status as the European capital of flexible offices and coworking, a new report from Colliers International claims that the capital is also enjoying above average demand for conventional office space, coupled with reduced footprints overall, as corporate occupiers seek to expand their businesses but without taking on property at the same rate. More →

London is top flexible offices market in Europe

London is top flexible offices market in Europe

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Leo coworking space in North London, Europe's main pioneer of flexible officesResearch conducted by CBRE claims that London’s stock of flexible offices amounted to over 1.1 million square metres, representing over 5 percent of the city’s total office stock. This places London firmly top of the table of flexible office markets, when compared to major cities across Europe. More →

Flexible offices continue to dominate UK property market

Flexible offices continue to dominate UK property market

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flexible offices dominate UK propertyTake-up across the UK’s ‘Big Nine’ regional office markets rose to 2.3 million square feet during second quarter of 2019 according to the latest market update from property advisors Avison Young. This is up ten percent up on a 10-year average, with activity was skewed towards flexible offices, larger deals, city centres and the technology media and telecoms sector.  More →

Santander reopens closed branch as coworking space

Santander reopens closed branch as coworking space

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Work Cafe represents a new form of coworking and retail spaceSantander has opened its first Work Café in the UK. The Work Café concept was initially developed by Santander in Chile in 2016  and its success has seen 50 branches opened in Spain, Portugal, Brazil and Argentina. The bank claims the reopened branch will work as a ‘community hub’ offering banking facilities, free coworking spaces and freshly-brewed artisan coffee. The branch was previously closed at the end of June last year. More →

Flexible office demand in Paris almost double the global average

Flexible office demand in Paris almost double the global average

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Flexible office space in FranceDemand for flexible office space in Paris is almost double the global average, according to a report by Instant Offices. With demand for office space on the rise in Paris, serviced offices have seen a 26 percent increase while hybrid space has seen a 23 percent increase. While the city ranks fourth globally by the size of supply, Paris is considered to be one of the largest flexible office markets in Europe and ranks among the top 10 best start-up cities in the world. Alongside New York, San Francisco and London, Paris also remains one of the most expensive places to rent a desk. Despite this, demand in the city is on the rise as more large businesses choose flexible offices over conventional leases. More →

HSBC strikes 1000 desk deal with WeWork

HSBC strikes 1000 desk deal with WeWork

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HSBC has agreed a deal to locate more than a thousand members of London staff in a WeWork coworking space in London. WeWork confirmed to the Financial Times that the bank has signed up for 1,135 desks at its new building at 2 Southbank Place.  The move is further proof of how coworking has become a mainstream option for large corporations as they seek to get more value our of their property and introduce new working methods. HSBC’s corporate real estate team and other staff already work from coworking spaces, but the new deal marks a step change in its strategy.

Image: WeWork’s existing coworking space at Waterloo

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