ThisWeekIn Coworking


Global chain of coworking and office spaces. Learn more about Industrious here.

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Anna Squires Levine, Chief Commercial Officer at Industrious, joins Liz Elam on the GCUC podcast to Expand 馃憞 chat about seizing opportunities, the intersection of business & community, and leveraging data and integrating science into coworking.

馃挰 Discuss this 路 馃敆 Direct Link 路 鈴憋笍 8 days ago 路 馃摡 Week 14, 2024

馃憦 New 175+ location partnership announced
Industrious and Nuveen have announced a new ‘hybrid work solution’.
The details of the partnership Expand 馃憞 from what I can see gives Nuveen’s tenants access to a Tenant Experience platform built (and managed) by Industrious, and the ability to make reservatuons for workspaces across 175+ properties.
ICYMI: Tie this in with Industrious’ Deskpass move, and you can see where they’re going with this.

馃挰 Discuss this 路 馃敆 Direct Link 路 鈴憋笍 22 days ago 路 馃摡 Week 12, 2024

鈫╋笍 How one CEO was ‘converted’ regarding coworking
Sean Johnson shares 10 ways Industrious converted them from thinking "no way" about using Expand 馃憞 coworking for their office location, into admitting that coworking actually "makes a ton of sense".
Reasons shared include that only 20% of the team are in the office on any day; coffee, snacks and vendors are handled; beautiful spaces on flex terms; can flex up/down as needed; no IT stress; multiple locations; and overflow capacity when needed. Could any coworking space have written better copy? I think not!

馃挰 Discuss this 路 馃敆 Direct Link 路 鈴憋笍 29 days ago 路 馃摡 Week 11, 2024

Sam Rosen joins Jamie and Gio on the Flex Uncensored podcast to dive into the Deskpass story, what’s Expand 馃憞 changed in coworking tech since 2007, the merger with Breather and who from Industrious has joined their board.

馃挰 Discuss this 路 馃敆 Direct Link 路 鈴憋笍 50 days ago 路 馃摡 Week 08, 2024

馃く Mega-platform-operator-stakeholder deal finally public
Sam Rosen shares that the news is finally public about the Deskpass, Breather, Industrious (and Expand 馃憞 CRBE-kinda) deal.
In short here’s what’s happening. Deskpass and Breather will merge, but both platforms will continue to be operated by Deskpass as separate brands (for now). What about Industrious? If you remember back to Week 22 of 2021, Industrious acquired Breather for $3M. Well what this post doesn’t share, but other press releases did is that "a spokesperson for Industrious said it would own a 40% stake in the merged subsidiary". How about CBRE? Well… remembering even further back, to Week 8 of 2021, CBRE invested $200M into the firm, and obtained 35% ownership, when they merged their Hana brand into Industrious.
So what does this mean? For operators – technically more bookings through two platforms managed by Deskpass. For Deskpass – two markets of customers to service and connect to spaces. For Industrious – offloading tech which may have been eating into margins. For CBRE – a more valuable/profitable Industrious? Let’s see.

馃挰 Discuss this 路 馃敆 Direct Link 路 鈴憋笍 57 days ago 路 馃摡 Week 07, 2024

馃挵 An Agency filled over 73k sqft of flex office space in 2023
Isaac Tonkin shares that their commercial real estate agency secured 101,759sqft of office space for Expand 馃憞 their customers. Interestingly, they share that a lot of that (except 28,484 in traditional leases) was with flex space brands like Industrious, Fora, Us&Co and flex-leaning landlords like Landmark and Bruntwood.
I’d love to see if there was any sqft-age filled at indie or independent brand, and how that compares to the figures shared.

馃挰 Discuss this 路 馃敆 Direct Link 路 鈴憋笍 64 days ago 路 馃摡 Week 06, 2024

Enrico Sanna and Jamie Hodari, CEOs of The Office Group and Industrious, discuss the flex space Expand 馃憞 office market in the wake of WeWork鈥檚 high-profile bankruptcy on CBRE’s podcast, The Weekly Take.

馃挰 Discuss this 路 馃敆 Direct Link 路 鈴憋笍 71 days ago 路 馃摡 Week 05, 2024

馃摪 The next generation have a savvy playbook…
… to be where people actually want to be. This piece by Fast Company, looks at how suburban Expand 馃憞 coworking is growing, benefiting both workers and their neighborhoods.
The piece explores stories like Laetitia Gorra’s "micro-coworking space" called the Studio in New York’s Westchester County, Serendipity Labs’ seeing of growing demand in suburban markets, TailoredSpace’s plans to double their suburban portfolio in Southern California, IWG’s and Industrious’ continuous suburban expansions, and the UK’s Patch launching spaces on main streets in suburban centers and small towns.

馃挰 Discuss this 路 馃敆 Direct Link 路 鈴憋笍 78 days ago 路 馃摡 Week 04, 2024

Peri Demestihas chats about landlords, partnerships, cofounder relationships, parenting and the fact Expand 馃憞 that no two management agreements ever look the same with Gio and Jamie on the Flex Uncensored podcast.

馃挰 Discuss this 路 馃敆 Direct Link 路 鈴憋笍 120 days ago 路 馃摡 Week 50, 2023

馃 Industrious front-row seat to the WeWork show
Anna Squires Levine shares how they’d answer all those "sooo WeWork?" questions from their Expand 馃憞 extended family.
The summary? This has been coming for a long time, and no, we weren鈥檛 surprised. No, this doesn鈥檛 mean coworking is a goner. The sector is having a banner year. The Industrious business model is based almost entirely on landlord partnerships, which is totally different from WeWork鈥檚 model and is designed to de-risk our business for the long haul. To put it into perspective, WeWork鈥檚 fixed expenses as a percent of revenue are still about 75% even after reducing their debt. Ours are about 35%.

馃挰 Discuss this 路 馃敆 Direct Link 路 鈴憋笍 148 days ago 路 馃摡 Week 46, 2023

馃摑 Key Info

Founded in 2012 in NYC, by Jamie Hodari and Justin Stewart who were both members of different coworking spaces, but had the same problem.

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