ThisWeekIn Coworking

This week we see the global movement mobilize to support Ukrainian communities, over $13M in funding, IWG + Instant digital merger, a landlord launching flex-access app, a new B-corp in the UK and more.

πŸ—ž The Video Summary

This Week is sponsored by…

CORT Furniture Rental!

Experiment, measure, modify, and repeat with CORT Furniture-as-a-Serviceβ„’.

Β 

πŸ‘‰ Learn More

Get future weekly summaries in your inbox.

πŸŽ‰ Coworking celebrations.

πŸ‡¨πŸ‡¦ Local provider officially opens new location #

ACE Coworking shared on twitter that their new Trafalgar Road location is now officially open! Congrats!

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

β’· UK workspace operator becomes B-Corp certified. #

Joel Freeman shares a shout out to Work.Life founders Elliot Gold and David Kosky to celebrate the firms recent B-Corp certification. It makes them one of just 3 operators in the UK to become certified.

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

πŸ“° Coworking news & views.

🎍 Firm introduces paper, bamboo and wooden key cards #

Caterina Maiolini shares that SALTO have introduced these new guest key cards to reduce plastic usage, helping the firm and their customers prioritize green practices.

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

πŸ“Ή Where innovation & agriculture intersect in rural America #

The Center on Rural Innovation, that features the amazing work Kate Schwarzler and Indy Commons are doing in Independence, Oregon.

_Not only do I love this feature, but it highlights the opportunity that community builders have to build the right kind of spaces and support networks in rural and agricultural markets. _

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

🍼 Coworking + Childcare isn’t the future, it’s now. #

Lauren Walker and Iris Kavanagh share some ideas for coworking spaces to provide childcare or babysitting services, and why now is the right time to do so.

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

🎨 Local operator rebrands and eyes expansion #

StartUp Harrisburg, which was the first coworking space in the city with a population of around 49k, is becoming Pursuit Coworking. Since launching in 2013, the brand is now pursuing additional satellite locations in the city due to increased demand for all 3 of their coworking options.

– Shared by GCUC

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

Share This Week's Summary

πŸ’» Coworking technology.

πŸ’° VC raised fourth Proptech fund. #

Camber Creek‘s Jeffrey Berman shares news that the VC firm have raised a new proptech fund, adding $325M in capital to be deployed into technology for the property industries.

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

πŸš€ 6 months in, on-demand platform eyes new funding round. #

Hayri Demirçapa shares that the FlowSpace team are starting their next funding round after being live for 6 months, to "do what Spotify has done for music and what Netflix has done for movies" but for space-as-a-service on demand.

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

πŸ“² Landlord launches multi-operator flex space app #

Newmark announced the launch of Optality, an enterprise-focussed app to allow corporate real estate leaders to manage hybrid office models, and centralize the associated costs. Building upon the recent acquisitions of international agile workspace providers Knotel and Deskeo, this adds an additional element to the landlords growing flexible office offering. The platform is powered by Upflex, and will also allow the landlord’s enterprise customers to give employees access to their network of partner locations.

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

πŸ“ˆ Coworking data.

πŸ‡ΊπŸ‡Έ America’s new tech hubs? #

Axios summarizes a report from the Brookings Institution and LinkedIn data tracking tech migration to paint a picture of which fast-growing cities are hosting a bigger and bigger slice of the US tech workforce.

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

🀝 Coworking market moves.

πŸ”— IWG and Instant merge digital assets #

The Instant Group and IWG announced an interesting investment-slash-acquisition-slash-merger this week. I break down the deal a bit here, but in short: Instant will continue to be run independently, a bunch of IWGers will move over, Β£320M ($421M) are being invested/paid to exiting stakeholders, IWG will transfer management of EasyOffices(.com), Meetingo(.com), Rovva and Worka to Instant, and there’s a plan to IPO the merged entity in 2023.

Quite fascinating! The distribution and discovery side of coworking is definitely getting interesting.

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

πŸ’° Hybrid-hub company raises $9.6M seed #

citybiz shares that Daybase, who I’ve covered a few times since the ex-WeWork execs announced their plans, have raised a significant early round of capital from some prominent investors and NYC real estate owners.

Led by Joel Steinhaus and Doug Chambers, the company provides hybrid workers a network of on-demand workspots, that are close to home, in neighborhoods and communities across the country.

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

πŸ‘·β€β™€οΈ Property developer introduces their own flex workspace product. #

Granite have announced "Ready Collective", their own take on a flexible workspace product offering private, furnished and wired suites + amenities on monthly and yearly terms.

Customers have 24-hour access to Ready Collective, as well as full access to building amenities which include The Lounge (offering a variety of seating options, a kitchen, library, and event space), MOVE fitness center, EATS cafΓ©, MEET conference center, and a large, landscaped outdoor workspace called The Yard.

Whilst this is the first location launch, they do hint that more may be coming and will be available within their proprietary leasing platform called evolve.

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

πŸ† Subscription furnishing service wins Nordic Proptech award #

NORNORM shared that they won the Nordic Proptech Award in the Space-as-a-Service category. The firm, backed by IKEA, aims to create a fully circular model for workspace furniture through using, and reusing, resources intelligently.

Seems like the furniture as a service space is heating up!

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

🎯 Landlords on hunt for flex-space partners. #

JLL shares that against the backdrops of empty offices and a hybrid future, even more landlords are seeking partnerships with experience operators through management agreements. Jacob Bates and Ben Munn share their observations from their work with/on flex offerings through the firm.

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

πŸ’΅ Chicago-based coworking brand raises $3.5M for national expansion #

Caitlin McAllister shares that Workbox Company, who run coworking spaces in Chicago in which members can network with over 40 angel and VC investors, raised $3.5M to expand out of the city and across the country. This raise brings their total investment to $7M to date.

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

πŸ’₯ Coworking impact.

🌎 Mobilizing the global coworking movement for Ukraine #

On March 9th 2022 the Coworking IDEA Project team and the European Coworking Assembly hosted an International conversation to hear directly from the coworking community in Ukraine, and to understand exactly what is needed by our friends and colleagues who are being directly impacted by violence, migration, and the trauma of war.

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

πŸ‡ΊπŸ‡¦ A message from Ukraine’s coworking spaces #

Anastasiia Kachan of the Ukraine Coworking Association shares a message of hope, determination, and thanks for their support.

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

πŸ‡ͺπŸ‡Ί Another big operator provides free space #

WeWork have shared that they’re providing free space across Warsaw, Stockholm, Prague, Hamburg, Frankfurt and Brussels to displaced Ukrainian businesses that are in need of immediate assistance and nonprofit organizations that are providing relief efforts.

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

🏨 Coliving communities group to support those displaced #

The Co-Liv organizers are collecting information on coliving operators across Europe who are able to support those in need with accommodation, food, legal, financial assistance, job or anything else. The information will then be packaged and distributed with individuals in need.

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

πŸ‡©πŸ‡ͺ German coworking alliance steps in to welcome refugees #

The German Coworking Federation (GCF) have made a clear and open statement that they are open to refugees. They also provide a number of resources, and have collaborated with the One Coworking, independesk and the German Coworking Map to make it easier to find spaces giving free access, coffee or other support to refugees.

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

πŸ’™ Coworking for Ukraine #

Christoph Fahle and the One Coworking team have put together a growing resource for refugees fleeing the war in Ukraine. Not only are they sharing a map of free work and meeting spaces for refugees across Europe, but they also list other resources like free rides and places to stay.

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

πŸ“² Free access to locations in Finland, Sweden and Estonia #

Spacent have also opened up free memberships to refugees and those displaced by the war in Ukraine.

πŸ‘‰ Read this.
πŸ’¬ Discuss this (0).

πŸŽ™ Coworking conversations.

The European Coworking Assembly shares some messages for our friends in Ukraine ft words from Jeannine van der Linden in the Netherlands, Johanna Vol in Germany, Piotr Boulangé in Poland, Hector Kolonas (me) in the US, Lea Turner in Slovenia, Patricia Salmič in Slovenia, Manuel Zea in Spain, Jose Antonio Morales in Slovenia, and Bernie J Mitchell in the UK.

🎧 Listen to this.
πŸ’¬ Discuss this (0).

Jerry Alexander shares his take on the IWG + The Instant Group tie up and what it could mean for the industry and independent operators.

🎧 Listen to this.
πŸ’¬ Discuss this (0).

Jamie Russo chats with Michelle Talbert about her unique blend of digital and physical business support for her members at Her Power Space, and more on the Everything Coworking podcast.

🎧 Listen to this.
πŸ’¬ Discuss this (0).

About This.

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

Jump to section

πŸ’« Who's hiring?

(πŸ‡¬πŸ‡§) Patch are hiring a Community and Member in Bournemouth, UK

πŸ‘‰ See Info

(πŸ‡¬πŸ‡§) Patch are hiring a Community & Events Executive in Bournemouth, UK

πŸ‘‰ See Info

(πŸ‡¬πŸ‡§) Clockwise Offices are hiring a Community Coordinator in Leeds, UK

πŸ‘‰ See Info

Share This.

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

Other Summaries.

Week 24, 2024

This week we meet WeWork’s new leadership, the impact of coworking scholarships, the first Undercurrents trend, a coworking secret, hyper-targeted content, survey data from Spain, revenue numbers from Romania and more.

πŸ‘‰ Read this.

Week 23, 2024

This week we explore Chicago’s $10M bet on coworking, Workbox’s big raise, going from CM to CEO, a dogs-eye tour, tennis, placemaking, who is making 70% of their profit from VOs, data from German and Spanish markets, summer promos and more.

πŸ‘‰ Read this.

Week 22, 2024

This week we explore if 95% flex occupancy is too high, the operator who saw 86% revenue growth. brokerage red flags, a superb drone tour, 3 warnings for operators, micro gyms, some local SEO tips, 5 market moves and more.

πŸ‘‰ Read this.

Week 21, 2024

Laptop squatters, rural coworking in South Africa, expanding into co-living, a sample SOP, a WIRED article on hyperlocal coworking, more fractional office moves, what’s Microsoft doing, and 18ish other things you may have missed This Week In Coworking.

πŸ‘‰ Read this.