Jason R. Anderson

Vast, closed 2025 with strong year-over-year performance across systemwide sales, membership growth, franchise development, and international expansion. Venture X reported an 11% increase in annual revenue, while Office Evolution reported a 13% increase. Venture X grew its global membership base by 67%, Office Evolution by 50%, and Intelligent Office surpassed 4,800 members across its locations and virtual service channels.

ICYMI: I chatted with Jason Anderson, the group’s CEO, about their recent move to spin out of UFG.

In this Behind The News episode of the “This Week in Coworking” podcast, host Hector Kolonas was joined by Jason Anderson to discuss the dynamic world of coworking spaces and the private equity acquisition of Vast Coworking Group from the United Franchise Group – and what it means for Venture X, Office Evolution, Intelligent Office, franchising and the industry.

Vast Coworking Group has been acquired by private equity firm New State Capital Partners as a carve-out from United Franchise Group. This deal marks a strategic move by Vast co-founder and CEO Jason Anderson as demand for flexible workspace continues to rapidly evolve and grow.

At time of acquisition Vast – which is one of the world’s largest coworking networks and comprised of leading concepts Venture X, Office Evolution, and Intelligent Office – leverages a franchise model. It has over 200 locations and spans approx. 2.7 million square feet, serving roughly 70,000 members worldwide.

Kate Dezarnaulds penned an interesting piece as the founder of WorkLife about a recent email she received regarding the WeWork Affiliate Network, and what this very strategic move could mean for other indie brands.

While Kate makes the case that this isn’t a moment to panic, "it is a moment to stop sleepwalking".

Further listening: This TWIC Discussion from 2024 with John Santora (CEO, WeWork), Anant Yardi (Founder, Yardi) and Jason Anderson (CEO, Vast) about the formation of this affiliate network. And this TWIC Discussion with Sam Rosen and William Sandford about the acquisition of Deskpass, Breather and Hubble.

Jason Anderson, President of Vast Coworking Group, shares his perspective on the institutional investment in coworking and why coworking is becoming an essential part of office real estate.

In summary, he points towards governments embracing flex space, franchising as a growth engine, and the surge in enterprise and mid-market demand. He also addresses some the challenges coworking space may face as investment in the sector increases. Always good seeing coworking promoted outside of our echo chamber and in traditional media outlets.