ThisWeekInCoworking.com

Week 5, 2022

This week I share 25 things you may have missed including that we may have 65k flex spaces by 2025, a WTC building switching keys for iPhones, Spain's digital nomad visa, and more.
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πŸ—ž The Video Summary

This Week is sponsored by…Syncaroo.

What do CloudVO, Cobot, CRE brokers, Google Business Profiles, included.co, Nexudus, OfficeRnD, Satellite Deskworks, Your Website, Upflex, and a growing number of coworking alliance maps Β all have in common?Β 

They’re all integrated with Syncaroo to help automate the tasks that boost your reach and revenues. And we’re all just getting started!

πŸ‘‰ Request early access here.

Get future weekly summaries in your inbox.

πŸŽ‰ Coworking celebrations.

🐯 Happy Lunar New Year!

To all those who are celebrating around the world, wishing you a spectacular year of the tiger!

It’s said that a tiger year is about new beginnings, so here’s to you!

πŸ“° Coworking news & views.

πŸ‡ͺπŸ‡Έ Spain may introduce 6-12 month digital nomad visa.

The latest country to explore opening their borders, markets and coworking spaces to digital nomads is Spain.

In a recently introduce Startup Act, nomads will be able to work and live in Spain for up six to 12 months without needing an official work vis (as long as they make at least 80% of their revenue from non-Spanish sources).

This could create a huge bump in demand for Spanish coworking and coliving locations from non-EU markets including the UK, US and across the APAC.

πŸ‘‰ Read this

😍 117-year-old building restored and turned into coworking space.

Matthew Davis shares about how a historic West Tampa building will be transformed through a partnership with local businesses and the hyperlocal community.

Love this, and excited to see how COhatch activates the building.

πŸ‘‰ Read this

✏️ On glass walls, good vibes and other magic stuff.

Jerome Chang shares some great insights in an Q&A post with Helga Moreno from andcards.

They discuss the history of BLANKSPACES, how they’ve maintained their community vibe and how the future belongs to ‘member-centric’ workspace brands.

πŸ‘‰ Read this

πŸ‡¬πŸ‡§ Solving one of the biggest local problems with coworking.

“The biggest problem with coworking is that no one knows about coworking”.

Jo Tasker, Linda Chandler, Tom Kane, Mike Zeidler, Bernie Mitchell, and Gareth Jones got together this week to work on how the UK Coworking Assembly, part of the European Coworking Assembly family, will collaborate to tackle this problem.

Their joint mission is to help local authorities and local citizens see how a coworking or shared workspace will enhance the local community and economy. I can’t wait to see what they all do together.

πŸ‘‰ Read this

β›· Continent-wide coverage of a digital-nomad coworking community.

Euronews did an awesome feature on Matthias Zeitler and Coworking Bankso in Bulgaria. The community now has around 100 members from across the world.

Great to see their community and impact celebrated!

πŸ‘‰ Read this

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πŸ’» Coworking technology.

πŸ“± World Trade Center replaces keys with iPhones & Apple Watches

Remember back in week 27/2021 when we looked at how Apple was poised to take on the access control market?

Well this week 9to5mac shares a story about how Silverstein Properties are implementing employee badges via Apple Wallet, which would allow users to access spaces using their iPhones and Apple Watches.

These passes will initially go live at 7 World Trade Center in NYC, before being expanded to other office buildings in NY, Philadelphia and LA in the coming months.

πŸ‘‰ Read this

🌏 Booking app expands to APAC.

NearU shared that they’ve added their first partner spaces in Hong Kong, Japan and Australia.

Incase you’re counting that brings their total partner location count to over 800 across 64 countries.

πŸ‘‰ Read this

🌲 Platform plants trees with every booking to offset CO2.

Upflex shares that each time a booking is made through their platform, they plant a tree.

So far the initiative has offset 578.56 tons of CO2. I like it! What if every platform planted trees?

πŸ‘‰ Read this

πŸ“ˆ Coworking data.

🀯 The 2021 Operator Survey results are out

Last quarter, The Instant Group carried out a survey of flex workspace operators. They just dropped a document sharing the key observations.

Notable numbers: 77% of operators report a positive outlook. Nearly half suggested they are likely to expand in the near future.

They also predict that the number of flex spaces worldwide would surpass 65,000 by 2025.

πŸ‘‰ Read this

πŸ“ˆ How has the pandemic impacted desk demand sales in Zurich?

The Westhive team share a graph showing the growth in demand, and sales, of desk sales since June 2020.

Their graph shows a definitive growth, with increases in both existing customers (bestehendes unternehmen) and new business (neugeschΓ€ft) growing from near 0 desks per person to over 450 and 165 respectively.

How closely do these reflect numbers in your space or area?

πŸ‘‰ Read this

πŸ’Έ What are the top US markets for coworking revenue?

The coworkintel team share another snapshot view of their data this week, looking at where coworking spaces make the most money.

The post features a fascinating graph plotting advertised prices against occupancy % per city for December 2021.

The graph gives us a bunch of info, namely the most expensive cities to cowork (San Francisco, NYC, Boston, LA) and the most occupied spaces (Las Vegas, Nashville, College Park, Miami).

πŸ‘‰ Read this

🀝 Coworking market moves.

πŸ‡¬πŸ‡§ Council appoints operator to run workspace & support programme.

The Islington Council have appointed Town Square Spaces to run their inclusive affordable workspaces & support program for tech & digital startups.

The programme aims to support 200+ local aspiring entrepreneurs from underrepresented communities, and will span 3 affordable workspaces.

πŸ‘‰ Read this

πŸ” Virtual office network and notary service partner up.

Notarize shares some info about their partnership with Alliance Virtual Offices, which allows the latter’s customers to acquire notary services, especially for their office leases and other legal documents.

Expect more partnership, perks and integrations as virtual officing and flex workspace demand soars.

πŸ‘‰ Read this

😣 UK’s commercial landlords are struggling to attract tenants.

An exclusive in the City AM this week notes that more than 3/5 of the UK’s commercial landlords are struggling to attract tenants to traditional offices.

It also notes that ‘almost two thirds (64 per cent) reported having seen a β€œnotable shift” in tenants’ demands during the pandemic, including terms and use of space, flexible workspace provider infinitSpace has found.’

πŸ‘‰ Read this

πŸŽ™ Coworking conversations.

Sammy Rosen and Sam Fiske cut discuss office myths, future of work and meeting employees where they live on the Technori Podcast.

🎧 Listen to this

Sandra Panara and Dave Cairns discuss the revolution happening in commercial real estate right now on the Let’s Get Real podcast.

🎧 Listen to this

Scott Markovits and Dror Poleg discuss a Crypto Future of Work on the Leading From Afar podcast.

🎧 Listen to this

Phil Kirschner joins Caleb Parker to share the lessons from his part of the WeWork story, as well as how he’s helping organisations evolve their Workplace Strategies in his current role at McKinsey & Company. on the WorkBold podcast.

🎧 Listen to this

Jamie Russo chats with Rick Whittington and Caroline Prettyman about how Gather got a 12X return on their inbound marketing campaigns on the Everything Coworking podcast.

🎧 Listen to this

Bernie Mitchell chats with Ashley Proctor and Hector Kolonas (yeap, me!) about the Coworking Alliance Summit, on the Coworking Values podcast.Β 

🎧 Listen to this

πŸ“† Coworking events.

πŸ‘‹ Discuss this newsletter.

Feb 5: Join other TWIC readers in discussing this week’s newsletter, the stories I shared and the trends they may represent.

πŸ‘‰ Attend this

🌎 The Coworking Alliance Summit.

Feb 16: The Coworking Alliance Summit returns to hold space for space operators leading, or looking to start, coworking alliances locally or across the globe.

πŸ‘‰ Attend this

πŸ₯ƒ PropTech LDN Happy Hour.

Feb 23: The next PropTech LDN meetup date is set, and open for all interested in technology for coworking, offices, retail, residential and everything in-between.

πŸ‘‰ Attend this

πŸ—Ί Convo: Get your website right.

Feb 25: The next Coworking Convo dives into getting your coworking website right.

πŸ‘‰ Attend this

πŸ’Ό Coworking jobs.

Find or post coworking jobs for free here.

About This.

ThisWeekInCoworking.com is a weekly newsletter summarizing the coworking celebrations, stories, market moves, tech updates and discussions you may have missed.

Newsletters are curated by Hector Kolonas and made available for free via email or this website.

Other Summaries.

Week 25, 2022

This week we see why a VP disliked coworking, new stats from India, increased competition with landlords in Australia, an ask for support, and more.

πŸ‘‰ Read this.

Week 24, 2022

A shift in how space is found, a new coworking awards program, the future of space is flex, soft-landing with coworking in Venice, traditional expansions in US and NZ, could platforms be more supportive, and more.Β 

πŸ‘‰ Read this.

Week 23, 2022

Some topics we see this week: a coworking tragedy, gyms, two hotel + workspace moves, a look into Africa, a huge 4-day week trial, insights behind adapting a 90M sqft portfolio, $500B in value destruction and more.

πŸ‘‰ Read this.

Week 21, 2022

This week we explore a thought experiment, a hiring advantage, believing in community, HR teams doing viewings, acoustics, creators in London, big proptech rounds, M&A in Hong Kong, pouring millions into a hyperlocal economy, and more.

πŸ‘‰ Read this.

Week 20, 2022

This week we saw a grocer + coworking partnership, AI-driven dynamic pricing, airport lounges added to a booking platform, a P3 hub launch, data on average hotdesk pricing, more cross-Atlantic market moves, and more.

πŸ‘‰ Read this.

Week 19, 2022

This week we explore writing down ideas, see coworking stories from London, Canada, Madrid and insights from Australia, as well as look into mail management, state of flex data syncing, e-scooters, what’s happening with those 800 closed locations and more.

πŸ‘‰ Read this.

Week 18, 2022

This week we explore subtext to Airbnb’s announcement, airline miles from workspace bookings, a billion-dollar takeover, 5 million steps for charity, a mega franchise merger and growth in flex demand and supply across US, Canada and the UK.

πŸ‘‰ Read this.

Week 17, 2022

This week we explore 2 coworking opportunities in appliances & hygiene products, a 300% increase in demand, more M&A, tips for coworking tours, and flex arbitrage.

πŸ‘‰ Read this.

Week 16, 2022

An 8.7% dip in local footprint, a US franchise spin out their software, a new academic study, explore ad spend arbitrage and a space partnership aiming for 500 locations.

πŸ‘‰ Read this.

Week 15, 2022

This week we explore if buildings can have souls, the office sector’s cataclysmic change, if architects suck at designing coworking spaces, see WeWork + Yardi partner up, see US flex demand soar up by 58%, a strategic investment tying up SaksWorks + Convene, a $30M investment into coworking in Tier II cities in India, and a prop dev in London doubling down on flex. And more.Β 

πŸ‘‰ Read this.