Global brand of coworking and other flexible workspaces.
Global brand of coworking and other flexible workspaces.
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The BBC reports that NYC is set to become the first cit in the US to implement a London-like congestion charge. The day-time toll for cars will be $9 in Manhattan below 60th Street, and will begin being enforced on January 5th 2025.
Should this be implemented, and stay in force, it could change where people are willing to drive, park and work around the city – in turn changing where great coworking spaces should exist or be created. We’re expecting to see even more spaces pop up around the perimeter of the congestion zone, with recent moves from local Industrious, WeWork and regional newcomers like The Shop.
💬 Discuss this · 🔗 Direct Link · ⏱️ 14 days ago · 📩 Week 47, 2024 · 📰 News & Views
Starting January 1, 2025, Denver Coworking LLC will unite 10 Office Evolution and two Venture X coworking locations, becoming the largest locally owned coworking network in Denver with over 225k sqft of workspace. This consolidation aims to offer a seamless coworking experience across the Denver metro area.
Fresh off the heels of the Vast Coworking + WeWork partnership announcement, we are witnessing a ripple effect of consolidation among operators of brands that are part of Vast’s portfolio. Will this lead to additional merging of brands and locations?
💬 Discuss this · 🔗 Direct Link · ⏱️ 22 days ago · 📩 Week 46, 2024 · 🤝 Market Moves
Dean Connell joined the Caleb Parker Show to share experiences from delivering over 2M sqft for WeWork as one of the firm’s original seven designers – and what landlords and operators can learn from them.
💬 Discuss this · 🔗 Direct Link · ⏱️ 19 days ago · 📩 Week 46, 2024 · 🎙 Discussions
Nick Clark, founder of Common Desk, which was sold to WeWork, has announced his newest project: converting an office building into a country club with a focus on the family.
Week after week, we’re seeing more club concepts opening up that offer members a combination of workspace, fitness amenities, dining and social space. This is an exciting twist on making country clubs more appealing to families (and working parents).
💬 Discuss this · 🔗 Direct Link · ⏱️ 33 days ago · 📩 Week 44, 2024 · 🤝 Market Moves
Numbers are in for CoworkingCafe‘s Q3 US coworking industry report for 2024. Looking at the 25 largest U.S. markets they share some interesting insights (that can be compared to Q2 results here).
Highlights include a surge in demand to 7,538 spaces (passing 7.5k for the first time, and up 7% from last Q). This growth also saw almost 5M sqft added in Q3, pushing total coverage to over 133.5M sqft (a 5% Q-o-Q jump). Nashville saw the largest growth, adding 22 spaces (or 24%), followed by Indianapolis and Philadelphia with gains of 12% and 9%, respectively. Nashville also recorded the largest coverage growth at 13%, reaching 2.09 M sqft by the end of Q3. San Francisco posted a 12% gain, now recording 3.62M sqft of coworking spaces.
Membership prices remained stable, with the national median for dedicated desks holding firm at $300/month. VO and open workspace rates increased slightly, by just $1, reaching $120/month and $150/month, respectively.
Regus, WeWork, Industrious, Spaces and HQ remained in the lead, with HQ continuing to significantly expand its portfolio by adding 10% more spaces nationwide in Q3, reaching 236 locations. Regus maintained its lead with 998 locations across the country after a slight 2% increase Q-o-Q.
💬 Discuss this · 🔗 Direct Link · ⏱️ 46 days ago · 📩 Week 43, 2024 · 📈 Data
These amazing coworking Patron Brands have upgraded to support ThisWeekInCoworking.com