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๐ 2 coworking brands land in Franchise 500 rankings
Two flex workspace franchises Office Evolution and Venture X have made Entrepreneur magazineโs 2025 Expand ๐ Franchise 500 ranking.
Office Evolution came in at #439 and Venture X at #455 (up from #463 in 2024). Office Evolution was also named #1 in the Coworking Spaces category. Vast Coworking’s other brand Intelligent Office placed at #436 last year.
Two flex workspace franchises Office Evolution and Venture X have made Entrepreneur magazineโs 2025 Expand ๐ Franchise 500 ranking.
Office Evolution came in at #439 and Venture X at #455 (up from #463 in 2024). Office Evolution was also named #1 in the Coworking Spaces category. Vast Coworking’s other brand Intelligent Office placed at #436 last year.
Ryan Harris, the largest franchisee of Intelligent Office, shares his journey from biotech to Expand ๐ scaling multiple Intelligent Office locations with Gio and Jamie on the Flex Uncensored podcast.
๐บ๐ธ 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 Expand ๐ 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 โ a 20% increase in the span of more than one year. Meanwhile, the top 15 coworking operators grew their inventory by 14% in total โ a sum of 252 new locations.
The recent report by CoworkingMag (part of Yardi) highlights key developments and trends among the Expand ๐ 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 โ a 20% increase in the span of more than one year. Meanwhile, the top 15 coworking operators grew their inventory by 14% in total โ a sum of 252 new locations.
๐ท๏ธ 3 franchise chains also dive into summer promos
On the topic of BOGO sales, Venture X, Office Evolution, and Intelligent Office have also launched a Expand ๐ series of limited-time promotions this summer across locations in the U.S. and Canada. In June, July, and August, the three brands โ all part of Vast Coworking Group โ are offering a different promotion each month at participating locations. The promotions include:
BOGO Meeting Rooms Hours in June, BOGO Day Offices in July, Fourth month free Coworking memberships at Venture X and Office Evolution in August and a free month of phone answering at Intelligent Office that month too.
On the topic of BOGO sales, Venture X, Office Evolution, and Intelligent Office have also launched a Expand ๐ series of limited-time promotions this summer across locations in the U.S. and Canada. In June, July, and August, the three brands โ all part of Vast Coworking Group โ are offering a different promotion each month at participating locations. The promotions include:
BOGO Meeting Rooms Hours in June, BOGO Day Offices in July, Fourth month free Coworking memberships at Venture X and Office Evolution in August and a free month of phone answering at Intelligent Office that month too.
๐งฎ Coworking franchise group shares 2023 numbers
Vast Coworking Group saw a 21% increase in sales and a 16.5% increase systemwide membership across Expand ๐ 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).
Vast Coworking Group saw a 21% increase in sales and a 16.5% increase systemwide membership across Expand ๐ 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).
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