ThisWeekIn Coworking

Vast Coworking Group

Vast Coworking is the worldโ€™s largest coworking franchise company. We are building & connecting consumer-focused brands, to help meet the rapidly growing worldwide demand for flexible office space.

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Recent TWIC Mentions

7 Results

๐Ÿงฎ Coworking franchise group shares 2023 numbers
Vast Coworking Group saw a 21% increase in sales and a 16.5% increase systemwide membership across Expand ๐Ÿ‘‡ 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).
โ˜€๏ธ Former WeWork space in Miami becomes a Venture X
Vast Coworking Group signed a lease for a former WeWork space in Downtown Miami and will be Expand ๐Ÿ‘‡ converting 20,253 sqft of the buildingโ€™s 7th, 8th, and 9th floors into a Venture X location.
โœŒ๏ธ Two flex brands land on Entrepreneur magazine’s 2024 Franchise 500 ranking
Vast Coworking Group’s brands Intelligent Office and Venture X made Entrepreneur magazine’s 2024 Expand ๐Ÿ‘‡ Franchise 500 ranking, recognizing outstanding performance in unit growth, financial strength and stability, and brand power.
Intelligent Office came in at #436 and Venture X at #463, with both brands having appeared on this prestigious ranking for multiple years. This year’s ranking was one of the most competitive assessments in the list’s 45-year history, according to those in the know.
Given the ranking is topped by firms like Taco Bell, Dunkin’ and Hampton by Hilton, this is a strong signal to the power of franchising in coworking.
๐Ÿ”ฅ Flex space franchising heats up with big acquisition
In news that was teased out over the weekend, Vast Coworking (that houses flex franchises Office Expand ๐Ÿ‘‡ Evolution and Venture X) announced on Monday that they’ve acquired Intelligent Office.
The acquisition adds 55 locations across the US and Canada to the group, bringing their total to over 190, servicing some 40k+ members. Jason Anderson, President of Vast, will lead the brand and oversee its ongoing development and growth. This big move puts the light back on franchising in flex, an area were IWG currently lead the pack with over 4,000 locations across their 14-or-so brands.

Paula Mercer, VP of Coworking for Vast Coworking at United Franchise Group chats with Gio and Jamie Expand ๐Ÿ‘‡ on the Flex Uncensored podcast about their strategy of creating a diverse portfolio of brands, the importance of servicing franchisees and learning from past experiences.
๐Ÿ’ฌ Discuss this.
๐Ÿ—ž Week 02, 2024
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๐ŸŽ™ Discussions
โฑ 92 days ago.
๐Ÿ‡ฎ๐Ÿ‡ฑ Coworking space steps in to provide space for free
Yoav Rimon shares that after the devastating attacks in south Israel over the weekend, Mindspace is Expand ๐Ÿ‘‡ offering all their office spaces to any group, organization, or team of any kind who need someone to congregate, plan and provide assistance to those affected.
๐Ÿ’ฌ Discuss this.
๐Ÿ—ž Week 41, 2023
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โœŠ Impact
โฑ 183 days ago.
๐ŸŽจ Coworking franchise rebrands to Vast
The parent network of brands like Office Evolution and Venture X has changed their name from CoWorks Expand ๐Ÿ‘‡ to Vast Coworking Group.
The press release notes that the group will continue to operate as a division of United Franchise Group and has seen strong results from 2023 so far (9 new locations opened and 28 new franchise agreements signed).

Key Info

Founded in: 2019
Previous names: CoWorks

Parent company: Starpoint Brandsโ„ข division of United Franchise Group (UFG)

Related Brands

Related People

Ray Titus

Jason Anderson

Paula Mercer

Jeff Joerling

Amanda Jimenez

Brad Johansson

Darcy Masciotro

Tammy Senter

Megan Allender