26 Results
๐ฆ๐บ TGR launches their first Australian space
Marco Kalik shares that The Great Room by Industrious are launching their first Australian location Expand ๐ in Sydney. The brand’s first location in the country is through a partnership with asset manager 151 Property.
ICYMI: TGR was founded in Singapore in 2016, and acquired by Industrious in 2022. This location/news was also teased back in Week 23 this year.
Marco Kalik shares that The Great Room by Industrious are launching their first Australian location Expand ๐ in Sydney. The brand’s first location in the country is through a partnership with asset manager 151 Property.
ICYMI: TGR was founded in Singapore in 2016, and acquired by Industrious in 2022. This location/news was also teased back in Week 23 this year.
โต๏ธ Axios notes that the coworking sector is on the upswing
In another follow on piece from WeWork’s announcement last week, Axios digs into some numbers from Expand ๐ other operators (namely Industrious) that highlight strong demand and business models. Quoting Jamie Hodari they note that they’re seeing “more demand for [flex working spaces] right now than at any time in the last decade”, with revenues tripled since 2019 and current rev growth rate sitting between 35-40%.
In another follow on piece from WeWork’s announcement last week, Axios digs into some numbers from Expand ๐ other operators (namely Industrious) that highlight strong demand and business models. Quoting Jamie Hodari they note that they’re seeing “more demand for [flex working spaces] right now than at any time in the last decade”, with revenues tripled since 2019 and current rev growth rate sitting between 35-40%.
๐ A new player has entered. Welcome IKEA!
IKEA have shared that they have partnered with Industrious to build a new 46,470 sqft coworking Expand ๐ space in San Francisco.
“Hej! Worksips” is a partnership between the two and Ingka Centers (formerly Ikea Centers) who owns and leases space to 381 IKEA stores. IKEA follows other retailers like Saks Fifth Avenue and SUCCESS in adding coworking spaces into their diversification strategies.
IKEA have shared that they have partnered with Industrious to build a new 46,470 sqft coworking Expand ๐ space in San Francisco.
“Hej! Worksips” is a partnership between the two and Ingka Centers (formerly Ikea Centers) who owns and leases space to 381 IKEA stores. IKEA follows other retailers like Saks Fifth Avenue and SUCCESS in adding coworking spaces into their diversification strategies.
๐ง National partnership to upgrade food options
Jamie Hodari shares how, and why, Industrious partnered with Instacart to upgrade their in-space Expand ๐ food options.
As someone who founded the global perks and partnership platform for hundreds of coworking spaces, I love this deal, and can’t wait to see how other operators upgrade their in-space offerings through deals and perks.
Jamie Hodari shares how, and why, Industrious partnered with Instacart to upgrade their in-space Expand ๐ food options.
As someone who founded the global perks and partnership platform for hundreds of coworking spaces, I love this deal, and can’t wait to see how other operators upgrade their in-space offerings through deals and perks.
๐ฆ๐บ Industrious expanding to Australia
Jamie Hodari announced that Industrious are expanding to Sydney, Australia.
๐ณ Amex offers (another) coworking trial perk
Jamie Hodari shares that American Express is offering a free month of Industrious’ Global Access Expand ๐ Membership to their cardholders.
I’d love to see how this plays out, given that in 2021 we saw a similar perk and saw coworking space added to their travel portal. Someone’s going to get card benefits and coworking right, so team Industrious, you know where to find me to share the deets.
Jamie Hodari shares that American Express is offering a free month of Industrious’ Global Access Expand ๐ Membership to their cardholders.
I’d love to see how this plays out, given that in 2021 we saw a similar perk and saw coworking space added to their travel portal. Someone’s going to get card benefits and coworking right, so team Industrious, you know where to find me to share the deets.
๐คซ What flex space users want to feel
Lisa Skye summarizes her big takeaway from the GCUC NA conference, in that Jamie Hodari from Expand ๐ Industrious shares that every user (employer, employee, and even space staff) want to feel a sense of BELONGING.
They go on to ask “how do we, as operators, CREATE THAT FEELING??”
Lisa Skye summarizes her big takeaway from the GCUC NA conference, in that Jamie Hodari from Expand ๐ Industrious shares that every user (employer, employee, and even space staff) want to feel a sense of BELONGING.
They go on to ask “how do we, as operators, CREATE THAT FEELING??”
๐ฐ Are remote corporate workers are the future of coworking?
The New York Times looks at if coworking spaces and ‘displaced’ remote workers are a match made in Expand ๐ heaven.
Noting benefits for remote workers like escaping chaotic homes, reduced commutes and finding a community, Roy Furchgott wonders if coworking is no longer ‘just’ for entrepreneurs. They’re right, it isn’t, but nice to see some research showing that 16% of some spaces are now remote workers.
Brands mentioned in a favorable light include American Underground, Regus, Industrious, Hera Hub, and Blackbird House.
The New York Times looks at if coworking spaces and ‘displaced’ remote workers are a match made in Expand ๐ heaven.
Noting benefits for remote workers like escaping chaotic homes, reduced commutes and finding a community, Roy Furchgott wonders if coworking is no longer ‘just’ for entrepreneurs. They’re right, it isn’t, but nice to see some research showing that 16% of some spaces are now remote workers.
Brands mentioned in a favorable light include American Underground, Regus, Industrious, Hera Hub, and Blackbird House.
๐ Is flex in a state of flux?
David M. Levitt asks if recent closures expose weaknesses of flex office space busieness models. The Expand ๐ article (behind a soft paywall hones in on the struggles of daybase and comments from their CEO Joel Steinhaus; WeWork (v1 and v2); and a landlord running flex space as a loss-leader.
In counter-arguments there are some positive snippets though from industrious’ Jamie Hodari, Convene’s Ryan Simonetti, and WeWork’s Annabelle Davis.
My thoughts? This year’s going to get bumpy for flex. Will this create opportunities for some operators? Abso-fudging-lutely.
David M. Levitt asks if recent closures expose weaknesses of flex office space busieness models. The Expand ๐ article (behind a soft paywall hones in on the struggles of daybase and comments from their CEO Joel Steinhaus; WeWork (v1 and v2); and a landlord running flex space as a loss-leader.
In counter-arguments there are some positive snippets though from industrious’ Jamie Hodari, Convene’s Ryan Simonetti, and WeWork’s Annabelle Davis.
My thoughts? This year’s going to get bumpy for flex. Will this create opportunities for some operators? Abso-fudging-lutely.
Jamie Hodari chats with Sandra Panara about Industrious view of the future of workplaces on the Expand ๐ Let’s Get Real podcast.
๐บ๐ธ A landlord taps an operator to create a consistent national experience.
Jamie Hodari shares that Nuveen have partnered with Industrious to run shared spaces in 64 of their Expand ๐ office properties across 13 states.
Jamie Hodari shares that Nuveen have partnered with Industrious to run shared spaces in 64 of their Expand ๐ office properties across 13 states.
๐บ๐ธ Listing platform shares list of largest US operators
CoworkingCafe (which you may remember we introduced as Yardi’s new booking platform in w29/22) Expand ๐ shares who the largest US operators are according to their data/listings based on number of locations.
The top 15 are: Regus (832), WeWork (246), Industrious (135), Spaces (117), Premier Workspaces (87), Office Evolution (81), Workstyle Flexible Workplaces (60), Intelligent Office (45), Expansive (43), Venture X (42), LocalWorks (31), COhatch (30), Carr Workplaces (27) and Serendipity Labs (27). They also share that they’d say there’s 5,723 locations nationally.
I’m not sure about these results given I’ve not seen the data, but the national number seems very low, and Regus + Spaces are the same operator, but different brands, but interesting nevertheless.
CoworkingCafe (which you may remember we introduced as Yardi’s new booking platform in w29/22) Expand ๐ shares who the largest US operators are according to their data/listings based on number of locations.
The top 15 are: Regus (832), WeWork (246), Industrious (135), Spaces (117), Premier Workspaces (87), Office Evolution (81), Workstyle Flexible Workplaces (60), Intelligent Office (45), Expansive (43), Venture X (42), LocalWorks (31), COhatch (30), Carr Workplaces (27) and Serendipity Labs (27). They also share that they’d say there’s 5,723 locations nationally.
I’m not sure about these results given I’ve not seen the data, but the national number seems very low, and Regus + Spaces are the same operator, but different brands, but interesting nevertheless.
Andrew Deverell-Smith chats with Jamie Hodari and Alain Brossรฉ from Industrious about their view on Expand ๐ the future of flex space on the devcast podcast.
Jamie Russo and Giovanni Palavicini share their recorded-live discussion with Jamie Hodari about Expand ๐ Industrious and building a network to enable people to work wherever they want to work, on the Flex Uncensored podcast.
๐ก Why two hybrid-working colleagues go to their respective coworking hubs
Matt Giffune shares why he and his colleague Andrew Flint commute to their hybrid offices at WeWork Expand ๐ and Industrious respectively.
“Free coffee is one way to get me back into the office. Others are proximity to the gym, a sub-20 minute walking commute, and seeing my team.”
Matt Giffune shares why he and his colleague Andrew Flint commute to their hybrid offices at WeWork Expand ๐ and Industrious respectively.
“Free coffee is one way to get me back into the office. Others are proximity to the gym, a sub-20 minute walking commute, and seeing my team.”
๐ผ US-operator teases their largest coworking in the world, in Paris
Welkin and Meraki share that Industrious are coming to Paris in 2023 to open their largest coworking Expand ๐ space in the world.
Welkin and Meraki share that Industrious are coming to Paris in 2023 to open their largest coworking Expand ๐ space in the world.
๐น What returning to the office looks like in numbers
Kendra Lehner shares a video version of Industrious’ recent survey data around what the return to Expand ๐ office actually looks like.
Kendra Lehner shares a video version of Industrious’ recent survey data around what the return to Expand ๐ office actually looks like.
๐ฌ Coworking hubs coming to apartment communities
Evan Fain shares Industrious’ first-of-its-kind partnership with AvalonBay Communities to bring Expand ๐ inspiring workplaces into neighborhoods, closer to home. The pilot ‘Second Space’ locations are 1400 sqft and 2400 sqft and service a cumulative 800+ apartment units in South California. Members also enjoy access to other locations across the network.
Jamie Hodari shares a trend we’ve all been seeing in that the “evolution of work is showing that most workers donโt want to commute daily to office spaces, but donโt want to work from home every day either”.
Evan Fain shares Industrious’ first-of-its-kind partnership with AvalonBay Communities to bring Expand ๐ inspiring workplaces into neighborhoods, closer to home. The pilot ‘Second Space’ locations are 1400 sqft and 2400 sqft and service a cumulative 800+ apartment units in South California. Members also enjoy access to other locations across the network.
Jamie Hodari shares a trend we’ve all been seeing in that the “evolution of work is showing that most workers donโt want to commute daily to office spaces, but donโt want to work from home every day either”.
๐ฎ A new player has entered the (workspace tech) game.
Jeff Johnson, a seasoned flex-space sales professional (having held VP roles at Industrious, Expand ๐ TechSpace, Adaptive Office Resources and LiquidSpace) has launched a new platform called Flexy to help businesses manage their teams and work weeks.
Given their background, it’s a matter of time (and keyboard strokes) before 3rd party workspace bookings and access are added. At least that’s what I think we’ll see.
Jeff Johnson, a seasoned flex-space sales professional (having held VP roles at Industrious, Expand ๐ TechSpace, Adaptive Office Resources and LiquidSpace) has launched a new platform called Flexy to help businesses manage their teams and work weeks.
Given their background, it’s a matter of time (and keyboard strokes) before 3rd party workspace bookings and access are added. At least that’s what I think we’ll see.
๐ Thoughts on a competitor’s earnings and trends
Jamie Hodari from Industrious shares some insights around WeWork’s second-ever quarterly earnings Expand ๐ and on how they correlate with observed industry-wide trends.
Focus and comparisons are made on growth, Europe and small business strength.
Jamie Hodari from Industrious shares some insights around WeWork’s second-ever quarterly earnings Expand ๐ and on how they correlate with observed industry-wide trends.
Focus and comparisons are made on growth, Europe and small business strength.