OneSpace founder and CEO Matt Hewitt advocates that developers should partner with regional flexible workspace operators rather than large global brands, citing that WeWork and IWG have closed over 700 locations worldwide in the past five years. WeWork closed approximately 200 locations including 160 exits through bankruptcy restructuring, while IWG rationalized around 500 centres between 2020 and 2024 despite record revenue.

Hewitt argues regional and independent operators are expanding profitably while offering developers faster decisions, tailored solutions, lower operational risk, and direct access to local corporate occupiers.