๐Ÿ’Œ Newsletter Mentions

21 Results

๐Ÿšฒ Franchise rolls out complimentary e-bikes

Bryce Hill shares that Office Evolution Denver members are getting a new amenity: complimentary e-bikes for their use throughout the day.

This is not only a great way to quickly pop out of the office, but also expands the hyperlocal economic impact radius of each participating space. Are you offering anything like this?

๐Ÿ’ฌ Discuss this ยท ๐Ÿ”— Direct Link ยท โฑ๏ธ 192 days ago ยท ๐Ÿ“ฉ Week 31, 2024 ยท ๐Ÿ“ฐ News & Views

๐Ÿ‡บ๐Ÿ‡ธ Who are the largest US operators by no. of locations?

The recent report by CoworkingMag (part of Yardi) highlights key developments and trends among the top 15 coworking brands in the U.S. this year.

The top 15 US brands (by number of locations) are: Regus (972), HQ (204), WeWork, (173) Industrious (145), Spaces (117), Premier Workspaces (86), Office Evolution (79), Workstyle Flexible Spaces (65), Venture X (46), Intelligent Office (43), Expansive (42), LocalWorks (36), COhatch (34), Serendipity Labs (28) and Lucid Private Offices (27).

What’s changed since the last report? Regus (part of IWG) saw a 17% growth since December 2022, keeping first position. HQ climbed to second place with a meteoric 240% growth from May 2022. WeWork dropped 1 place after closing 73 US locations. Lucid Private Offices joined the top 15 with the second largest growth rate of 23%.

Overall, the U.S. coworking market added 1,166 new locations from December 2022 to the beginning of May 2024 โ€“ a 20% increase in the span of more than one year. Meanwhile, the top 15 coworking operators grew their inventory by 14% in total โ€“ a sum of 252 new locations.

๐Ÿ’ฌ Discuss this ยท ๐Ÿ”— Direct Link ยท โฑ๏ธ 239 days ago ยท ๐Ÿ“ฉ Week 27, 2024 ยท ๐Ÿ“ˆ Data

๐Ÿง Why Tyler co-owns 7 coworking franchise locations

Tyler Evans answers a short Q&A on franchising service brands. Tyler co-owns 7 coworking franchise locations (6x Venture X, and 1x Office Evolution).

It’s an interesting quick look at an alternative method of franchising and entering the coworking industry.

๐Ÿ’ฌ Discuss this ยท ๐Ÿ”— Direct Link ยท โฑ๏ธ 217 days ago ยท ๐Ÿ“ฉ Week 27, 2024 ยท ๐Ÿ“ฐ News & Views

๐Ÿท๏ธ 3 franchise chains also dive into summer promos

On the topic of BOGO sales, Venture X, Office Evolution, and Intelligent Office have also launched a series of limited-time promotions this summer across locations in the U.S. and Canada. In June, July, and August, the three brands โ€“ all part of Vast Coworking Group โ€“ are offering a different promotion each month at participating locations. The promotions include:

BOGO Meeting Rooms Hours in June, BOGO Day Offices in July, Fourth month free Coworking memberships at Venture X and Office Evolution in August and a free month of phone answering at Intelligent Office that month too.

๐Ÿ’ฌ Discuss this ยท ๐Ÿ”— Direct Link ยท โฑ๏ธ 248 days ago ยท ๐Ÿ“ฉ Week 23, 2024 ยท ๐Ÿค Market Moves

๐Ÿงฎ Coworking franchise group shares 2023 numbers

Vast Coworking Group saw a 21% increase in sales and a 16.5% increase systemwide membership across its Venture X and Office Evolution brands in 2023. The company also opened 11 new locations (9 Venture X; 2 Office Evolution) and added 295,578 square feet to its global footprint across both brands.

The group also promoted several longstanding leaders to its executive team, including Paula Mercer (to Vice President of Vast), Tammy Senter (to Vice President of Operations, Venture X), Brad Johansson (to Vice President of Operations, Office Evolution) and Darcy Masciotro (to Vice President of Operations, Intelligent Office).

๐Ÿ’ฌ Discuss this ยท ๐Ÿ”— Direct Link ยท โฑ๏ธ 311 days ago ยท ๐Ÿ“ฉ Week 14, 2024 ยท ๐Ÿค Market Moves

๐Ÿ“ Key Info

Founded in 2003. Now part of Vast.

๐Ÿคฉ Key People