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πŸ–₯️ Yardi acquires both Deskpass and Hubble
Yardi has officially announced the acquisition of both Deskpass and Hubble. This strategic move Expand πŸ‘‡ expands Yardi’s offerings in the flexible workspace market and strengthens its existing solutions, including Yardi Commercial, Yardi Kube and CoworkingCafe.
The acquisition will enable Yardi to provide a wider-reaching suite of tools for managing coworking spaces, from operations through to marketing to lead generation and revenue insights.
Questions to ponder:
1. Will commission structures on these platforms change, to bring them more in-line with CoworkingCafe’s no commission approach? And if they do, what does it mean for competitors for each platform like Liquidspace, FlowSpace, Desana, Upflex and Gable?
2. Does this create any longer-term ties between Industrious (who had acquired a majority of Deskpass recently) and Yardi?
3. What does this mean in relation to Anant’s big plan for a global interconnected booking experience?
4. Who will be joining the TWIC podcast to answer these and other Qs for you?
PS Got Qs you’d like answered? Let us know by replying to this email
πŸ”­ How to predict which booking platforms to bet on
This week we saw Desana sponsor/power a RunningRemote session delving into distributed workplaces, Expand πŸ‘‡ targeted at remote-first or increasingly-remote companies.
I often get asked which booking platforms workspaces should invest their time, energy and commissions to create and manage listings on. My best piece of advice is to look for the platforms who are growing the reach of flex space, and therefor your listings and business.
πŸ‡¬πŸ‡§ BBC digs into WNH coworking hubs across the UK
Dougal Shaw shares how coworking isn’t "going out of fashion" with highlights of UK local Expand πŸ‘‡ brands like Patch, ARC Club, Platform 9, Oru Space, and the Desana platform.
πŸ’° Firm pays $79M to drop 165k sqft of office space
Dropbox reported that they’re paying $79M to their landlord under a lease amendment for it’s HQ Expand πŸ‘‡ "whereby the company will surrender to the landlord 165,244 square feet of office space and pay an aggregate of $79 million."
The 3-tranche payment and move out definitely signaled to office market observers and insiders that firms are seriously assessing their office space liabilities. The move will save the firm $137M in rent and $90M in common area maintenance fees over the remaining 10-year lease.
What’s this got to do with coworking?! Well… for those keeping count that’s 148M reasons to make this move, and a very healthy budget for getting their employees into any/every coworking space they’d like to use. ICYMI: Dropbox is already giving their teams access to drop-in and other flex spaces through Desana.
🀩 After 2.5 years WFO, flex space was a total life changer.
Mike LaRosa shares a takeaway from a recent Desana case-study, highlighting that an employee who had Expand πŸ‘‡ been house-bound for 2.5 years found that using a flex workspace was a "TOTAL LIFE CHANGER".

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