Spaces

Dutch coworking brand that was acquired, and then expanded globally, by IWG.

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15 Results

🇬🇧 England, Scotland, Wales and Northern Ireland see growth

CoworkingCafe just released their quarterly report on the state of the coworking in the United Kingdom and Ireland.

In it they share that the region now boasts 3,089 locations (2,718 in England, 202 in Scotland, 105 in Wales and 64 in Northern Ireland). Greater London still leads by size with 887 spaces, followed by Manchester with 74 hubs.

The national median price for dedicated desks sits at £210, with Brighton and Hove holding the highest median price at £310, and Newcastle and Sheffield at the other end of the price spectrum at £189. Open space median prices are £160 (£245 in Greater London). VO are £50 per month nationally, while Greater London has the highest median price at £100. Meeting rooms are listed at a median hourly rate of £25 at the national level, reaching as high as £46 / hour in Greater London.

Regus leads the pack regionally with 195 coworking spaces throughout the UK (with less than half of its national portfolio is concentrated within the 15 busiest coworking markets). Fora comes in second with 66 spaces nationally, 64 of which are concentrated in the top 15 markets – particularly London. With a similar distribution pattern, 55 out of Workspace Group’s portfolio of 57 coworking locations, are in the top 15 cities, predominantly in the London area. The Boutique Workplace Company comes in fourth with 40 and Spaces rounds out the top 5 with 39 coworking spaces.

Ireland has a total of 234 coworking spaces, almost half of which can be found in Dublin – 116. The top three operators in Dublin are Pembr, which has 18 coworking spaces, Iconic Offices with 12 spaces and Regus with 9 spaces.

💬 Discuss this · 🔗 Direct Link · ⏱️ 2 days ago · 📩 Week 45, 2024 · 📈 Data

📺 Former ITV HQ set to be digital hub

Norwich City Council is nearing completion of a £4 million refurbishment of Townshend House, transforming the former ITV regional headquarters into a digital hub for tech start-ups. Set to open in spring, the facility aims to accommodate up to 25 companies and create approximately 200 jobs. The hub will be managed by IWG.

The UK, along with other European local governments have been at the forefront of creative public financing around repurposing spaces on high streets and their equivalents of CBDs. While past deals have been more centered around leases, along with other trends we are witnessing, this is a shift towards third party management agreements.

💬 Discuss this · 🔗 Direct Link · ⏱️ 2 days ago · 📩 Week 45, 2024 · 🤝 Market Moves

🎂 Spaces The Wentworth turned 5!

Congrats to Dayle Parkins and the Spaces The Wentworth team and community!

💬 Discuss this · 🔗 Direct Link · ⏱️ 108 days ago · 📩 Week 30, 2024 · 🎉 Celebrations

🇩🇪 A snapshot of the German coworking market

The team at Spacebring share a data snapshot and infographic on coworking in Germany.

Key data takeaways: the country boasts 978 spaces, with the 5 largest operators being WeWork, Spaces (by IWG), Design Offices, Friends Factory (by Rent24) and Rent24.

The piece also digs into challenges and tactics from local operators like Christian Cordes, Jonte Schlagner, Dr. Alexandra Bernhardt, Karen Klauke, Vicki Janssen, Dörte Schabsky and Andrea Buehler.

💬 Discuss this · 🔗 Direct Link · ⏱️ 125 days ago · 📩 Week 28, 2024 · 📈 Data

🇺🇸 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 – a 20% increase in the span of more than one year. Meanwhile, the top 15 coworking operators grew their inventory by 14% in total – a sum of 252 new locations.

💬 Discuss this · 🔗 Direct Link · ⏱️ 146 days ago · 📩 Week 27, 2024 · 📈 Data

📝 Key Info

Founded in 2008. Acquired in 2015.

🤩 Key People