ThisWeekIn Coworking

Week 2, 2023

This week we see a bike-less opportunity from SoulCycle cofounders, better flex valuations, 5 more predictions, a system to root out rudeness, some expansions, a merger and more.

New from me: A look into what may be slowing proptech innovation.

This blog post (and it’s audio version) are almost a decade in the making. In it I share how there’s a huge “reverse salient” that could stop tech innovation in it’s tracks, and how we can work around it.

๐Ÿ‘‰ Read or listen to this.

๐ŸŽ‰ Coworking celebrations.

๐ŸŽ‚ DeskNow turned 3! #

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

๐Ÿ‡ฉ๐Ÿ‡ช Coworking + childcare center opens in Kรถsching #

Congrats Vicki Lichtenegger on the launch of ToBe work&care

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

๐ŸŽ‚ Good Coworking turned 5! #

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

Get future weekly summaries in your inbox.

โœŠ Coworking impact.

๐Ÿ—ฃ๏ธ Community implements ‘speak-up system’ #

Roland Stanley shares how Dragon Coworking have implemented a speak-up system to help members report issues or things that make them feel uncomfortable.

"None of us wants a situation such as racism or discrimination in our workspace, but if we have effective speak-up systems, we can do something about it and truly make everyone feel welcome."

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

๐Ÿ“ฐ Coworking news & views.

๐Ÿšณ What if we removed the bikes? #

Inc. features a look into the next venture from the cofounders of SoulCycle. Peoplehood is based around hubs for what they call ‘relational fitness’, which is not strictly group therapy but "rather a practice that includes 60-minute sessions called gathers… in which participants practice vital-to-relationships skill called active listening".

Now… I’m not sure if Julie Rice or Elizabeth Cutler will read this… but you know where you can find amazing spaces to host these gathers? Local coworking spaces. Just saying.

(Edit: Yes I know Julie did join WeWork as the chief brand officer for a wee bit, but still.)

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

โœ‰๏ธ Community team at local space all became notaries #

Anne Olsen shares that as part of their team’s mission to be 1% better everyday, they all took the time to become notaries to make more often-inconvenient tasks for their members as easy as popping over to the front desk. Such a cool way of 1-upping your community managers’ value-add.

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

๐Ÿš€ Why coworking is a hybrid work trend for 2023 #

Denise Brouder digs a little deeper into why SWAYworkplace predict that coworking is an area that represents the greatest potential for companies to build healthy, long term flexible work strategies.

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

โž• Event excitements boosts drop in revenue #

Dana Berggren shares how The Coop is providing workspace and meeting rooms to smaller businesses attending CES 2023 in Las Vegas. Are you exploring what exposure, and revenue, you can drive through local events or conventions?

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

๐Ÿ–๏ธ A flex space CEO’s 5 predictions for the future of work #

Convene’s Ryan Simonetti shares 5 predictions for the future of work, including WFH becoming WNH, workspaces becoming meeting spaces, increased demand for flex, halving of required space (with double the experience) and ‘finally’ some consolidation.

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

๐Ÿงฎ Some ideas on better flex valuation calculations #

Sam Gamble shares some ideas about why they believe we should be leaning towards Risk Adjusted Methods for calculating office building valuations when they have a flex component.

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

๐Ÿ’ The one thing you can’t buy for your space #

Cat Johnson hit’s it home with another reminder of how community-focussed spaces can beat out larger competitors time and time again. "Someone can always out-spend you, out-fabulous you, out-flex you. But no one can replicate your community.

I love that you canโ€™t buy communityโ€”you have to build it."

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

Share This Week's Summary

๐Ÿ’ป Coworking technology.

๐Ÿ“œ A post about AI + Real Estate, from 5 years ago. #

Antony Slumbers shares a post he made in 2018 around AI and real estate, which included dozens of use cases. Interestingly, with recent developments almost all of them may now be doable.

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

๐Ÿ“ˆ Coworking data.

๐Ÿ‡บ๐Ÿ‡ธ Listing platform shares list of largest US operators #

CoworkingCafe (which you may remember we introduced as Yardi’s new booking platform in w29/22) 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.

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

๐Ÿค Coworking market moves.

๐Ÿค  Common Desk opens 6th Houston location #

The new 25,000sqft workspace includes 5 conference rooms, 62 private offices, 5 office suites and a bunch of coworking space. It’s based in Sprint’s City Place mixed-use hub.

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

โ˜€๏ธ Pacific Workplaces to open new SF location #

Pacific Workplaces is set to open San Francisco Pacific Heights, its new 10,798-square-foot coworking space in San Francisco. The flex office location is part of a 27,281-square-foot building and marks the companyโ€™s second coworking space in the city. Official opening is set for January 26th.

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

โ›ต๏ธ Partners in Lake Tahoe community list ownership for sale #

David Orr shares that their partners have listed their ownership in both the Cowork Tahoe property and operating business.

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

๐Ÿ  Big merger in coworking-adjacent coliving sector #

Brad Hargreaves shared that Common and Habyt are merging to offer a combined 30,000 units in 40 cities across 14 countries. As we’ve seen in flex (both from operators and their tech), consolidation and M&A activity are on the rise, expect more of this deep into 2023.

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

๐Ÿ‡ฌ๐Ÿ‡ง Changes at local operator includes no more coworking offering #

Matthew Kendall shares that Newtons Co Wo, which started in Bury in 2018 is undergoing some changes for 2023, including dropping publicly accessible coworking space. Interesting move and something I’m watching for a possible trend in changing strategy/offerings from indie operators.

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

โ˜€๏ธ Brand opens new Miami location #

Daphne Rasnick shared that Mindspace are launching a new location (their second) in Miami, Florida. The space will include 450 workstations, and 31k sqft of flex office space.

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

๐Ÿ† Competition winners overhaul 4.4k sqft hub #

Startup Colorado shares that after winning $4k in the Yampa Valley Business Plan Competition the founders of Steamboat Social Club are overhauling a 4.4k sqft coworking & event space in Steamboat Springs.

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

๐ŸŽ™ Coworking conversations.

Dorothy and Dan Bullis chat with Jamie Russo about building a multi-site coworking portfolio (whilst running another significant business) on the Everything Coworking podcast.

๐ŸŽง Listen to this.
๐Ÿ’ฌ Discuss this (0).

๐Ÿ“† Coworking events.

๐ŸŽค Discuss this week’s newsletter with us #

13 Jan – Join a bunch of us to discuss this newsletter, and the trends the stories may represent.

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

๐Ÿ’ฌ Convo: Community Building Strategies for Space Operators #

27 Jan – โ€‹Community is the biggest factor that sets great coworking spaces apart from the rest. How can you actively build community in your space? โ€‹Let’s chat about it.

๐Ÿ‘‰ Read this.
๐Ÿ’ฌ Discuss this (0).

Discussionsbeta

About This.

ThisWeekInCoworking.com is a weekly newsletter summarizing the coworking celebrations, stories, market moves, tech updates and discussions you may have missed.

Newsletters are curated by Hector Kolonas and made available for free via email or this website.

Share This.

Share on LinkedIn
Tweet this summary
Share via email
Share on Facebook
Send via WhatsApp
Share on Telegram

Other Summaries.

Week 7, 2024

Here’s 29 things you may have missed including a love story (obviously), the Deskpass-Breather-Industrious tie-up, collective ownership, what 70% of working parents lack, another local “partnership” with IWG, and more.

๐Ÿ‘‰ Read this.

Week 6, 2024

This week I share 37 non-Adam things you may have missed this week including viral bar content, a library of things, the USPS, being stuck in 1999, and more.

๐Ÿ‘‰ Read this.

Week 5, 2024

36 things you may have missed this week, including founders letters, another AI interface, the community building secret, a better use for Apple Wallet, how to say a few good words about someone, a delicious idea, 3 interesting data set and more.

๐Ÿ‘‰ Read this.

Week 4, 2024

27 things you may have missed including a $1B distressed office fund, flex brands in top franchise rankings, an 850% bump in revenue, another acquisition, a dive into suburban growth, a clever guerilla campaign, 6 market moves and more.

๐Ÿ‘‰ Read this.

Week 3, 2024

This week we explore the new race to better booking experiences, phygital retail spaces, never enough meeting rooms, ROOM’s acquisition, market moves from the UK, Belgium, Germany, France, DC and more.

๐Ÿ‘‰ Read this.

Week 2, 2024

This week we explore 2 acquisitions, 2 insolvencies, coworking in hospitals, using QR codes, spilling less coffee, franchising growing and more.

๐Ÿ‘‰ Read this.

Week 1, 2024

21 things you may have missed including if coworking is “failing”, a hideaway owl, the recipe for a renaissance, expansion in Pakistan, cowarehousing in New York and more.

๐Ÿ‘‰ Read this.

Week 51, 2023

A (dare I say it) quieter week across the coworking universe. We see why an anthropologist supports coworking for corps, what the top metrics are, ALL OUT member Xmas cards, childcare ALONGSIDE coworking, which cities are 2023’s hottest flex markets and more.

๐Ÿ‘‰ Read this.