Regus has launched a new flexible workspace in Lipa, a city located 60 kilometers south of Metro Manila in the Philippines. This innovative location was created by repurposing a former supermarket into a modern coworking environment, demonstrating the growing demand for hybrid work solutions beyond major urban centers.

The new center has already secured commitments from local businesses and professionals seeking workspace options closer to home, signalling the expansion of flexible work trends into regional hubs across the Philippines.

A while back there was talk of a pending deal between IWG and Jabbrrbox and we’ve now gotten all the specifics on this partnership. The two have formed a partnership to install 3,750 privacy pod units across various public spaces over the next three years. The collaboration will deploy both single-user pods and four-person, wheelchair-accessible pods in locations including airports, train stations, retail centers, and corporate buildings, incorporating IWG’s Regus-branded flexible workspace design.

This strategic partnership extends IWG’s portfolio while addressing the growing demand for hybrid work solutions, with Jabbrrbox co-founders Brian Hackathorn and Jeremy Jennings emphasizing that the initiative will deliver accessible workspaces where professionals need them most.

CoworkingCafe’s last quarterly report (using proprietary data as of December 2024) just dropped. Across the 25 largest US markets they saw:

National mean pricing remained stable for dedicated desks ($300), VO ($120), while hot desks saw a subtle $1 decrease to $149.

A 2% quarter-on-quarter growth nation-wide in number of coworking spaces, up to 7,695 from 7,500. This adds 3.3M sqft, bringing the total flex space to 136.8M sqft. Biggest growth in Salt Lake City (8%) and Austin (5%) by number of spaces. LA still leads the table of most coworking spaces with 292 spaces, followed by DFW (286), Washington D.C. (277) – bumping Manhattan (273) to fourth spot.

Regus remains the biggest individual brand (1,018 locations), with Industrious (147) replacing WeWork (137) in second spot. Spaces (124) and HQ (119) – both also IWG brands -top out the top 5 chart.

Comparing Q4 2024 vs Q4 2023 – 23% growth from 6,251 spaces and a 13% growth (or 16M sqft) in total square footage.

Yardi‘s CoworkingCafe has also just released its UK and Ireland Q4 2024 Coworking Report.

In it they report that the UK and Ireland have a combined inventory of 3,326 flexible workspaces, up from 3,089 in Q3 2024. Greater London leads the way with 895 spaces, followed by Manchester (78), Birmingham (55), and Bristol (53). Dublin dominates the Irish market with 120 spaces.

Pricing for coworking subscriptions shows considerable variation. UK median price for a dedicated desk is £210, while open workspaces average £156. Brighton and Hove command the highest prices for dedicated desks and open workspaces, while Greater London is the most expensive for virtual offices and meeting rooms. In Ireland, dedicated desks and open workspaces are generally more expensive than in the UK, with median prices of €277 and €200 respectively.

When it comes to the largest operators in the region, by number of spaces, Regus leads with 78, followed by Fora (63), Workspace Group (57), Spaces (40) and The Boutique Workplace Company (39).

Paul Thomas shares some interesting shifts highlighted by recent CoStar data. We see a big move from the established brands to newer, high-end operators who are winning more and more deals.

For 2018 to 2022, flex leasing was going to Spaces (25%), WeWork (19%), Regus (16%), Instant Offices (13%), Orega (11%), X+Why (7%), Pure Offices (5%) and Gilbanks (4%).

Fast forward to 2023 and 2024: Cubo (33%), Orega (13%), IWG (13%), 2-Work (9%), Runway East (9%), Re-Defined (8%), Gilbanks (8%) and Wizu Workspace (7%).