ThisWeekInCoworking.com

Week 13, 2022

This week we see ยฃ5k grants for Welsh venues, a trillion dollar tactic become a strategy, a public UK retailer possibly saving millions by shifting to coworking, a proptech coworking space in Germany, a new way to support Ukrainian spaces, a rapid new workspace tech integration and more.
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๐Ÿ—ž The Video Summary

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This Week is sponsored by…PackageX

The PackageX team recently shared some insightful data they gathered from processing around 1 million package deliveries received by coworking spaces around the world.

๐Ÿ‘‰ Check this out.

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๐ŸŽ‰ Coworking celebrations.

7๏ธโƒฃ 7 Years of creating community

Happy 7th Anniversary, Alkaloid! Coworking is the glue that keeps us togetherโ€”thanks for supporting local workers and businesses for the last seven years!ย 

๐Ÿ‘‰ Read this.

๐ŸŽ‚ GCF turns 7 too.

Thank you, German Coworking Federation for enabling coworking communities across Germany (and surrounding areas) for 7 years.

๐Ÿ‘‰ Read this.

๐Ÿง Indy Commons turns 5!

Massive congrats to this rural coworking community that offers office space, kitchen space, a market, and hosts events.

๐Ÿ‘‰ Read this.

5๏ธโƒฃ 42workspace also turns 5!

Ohad Gilad shares a surprise they got from a partner to celebrate 5 years of supporting tech startups.

๐Ÿ‘‰ Read this.

โœŠ Coworking impact.

๐Ÿ’™ Global platform launches their #withinUkraine campaign

From today on Upflex contributing directly to local Ukrainian operators will be as easy as booking a desk or meeting room as part of #withinUkraine, the global cross-platform campaign

All funds collected for bookings are sent directly to operators to support the work they’re doing to support local communities and refugees.

๐Ÿ‘‰ Read this.

๐Ÿ‡บ๐Ÿ‡ฆ Booking platform shares open letter from Ukrainian hosts

NearU recently reached out to their Ukrainian host parters, Creative States and COSPO, to share their updates, donation pages, and an open letter to the coworking industry.

– Shared by Holly

๐Ÿ‘‰ Read this.

๐Ÿ“ฐ Coworking news & views.

๐Ÿด๓ ง๓ ข๓ ท๓ ฌ๓ ณ๓ ฟ Up to ยฃ5k available for Welsh venues to join coworking project

A new project is launching in Denbighshire, Swansea and the Vale of Glamorgan to champion more flexible ways of working and give local venues a new lease of life.

Cowork Local aims to support local businesses by having people work within their own communities. Not only will this give people the benefits of working closer to home – getting up later, ditching the commute and saving money – but it will also give them a professional environment to work within, without the distractions and difficulties of living and working from the same space.

The organisers are now calling for venues to sign up and give their space a new lease of life by offering flexible working opportunities and business support to the community around them.

Venue owners who apply before June 2022 may be eligible for a grant of up to ยฃ5k to cover the cost of setting up, including marketing and photography, before they are ready to welcome coworkers and generate extra income.

– Shared by Simon

๐Ÿ‘‰ Read this.

๐Ÿ“œ From a tactic to a strategy.

Anthony Slumbers returns with a follow-up of his 2019 Propmodo article called “#SpaceAsAService: The Trillion Dollar Hashtag” with this fascinating long-read.

They explore the effects of improvements in AI, the shift from workers to creators, automation, and if their 8 critical factors for space as a service still stand true.

๐Ÿ‘‰ Read this.

๐Ÿข UK public retailer shifts HQ to hybrid mix

Dan Rubel shares how (and why) UK public tech retailer Currys plc have made a move from traditional office space for their HQ, and into flex workspaces provided by WeWork.

The deal gives their 1,400 staff members access to 40 locations, and secured permanent space for 400 near Waterloo station, alongside converting unused space in stores into office space.

๐Ÿ‘‰ Read this.

๐Ÿ’ท Did Currys just save over ยฃ9M by shifting to coworking?

Dave Cairns originally posted some maths around how much Currys saved by shifting to a 400-pax membership at WeWork from a traditional lease. He was challenged that should have compared a 400-pax lease with the 400-pax membership (instead of the original 1,400 office against the membership), so he did.

Even with an estimated annual payment to the coworking operator of ยฃ3.47M ($4.86M) the total savings compared to a traditional office for the same 400 seats would be over ยฃ9.4M ($12.35) through the shift.

๐Ÿ‘‰ Read this.

๐Ÿคฏ A quick pro-tip to improve your coworking marketing

Cat Johnson shares another great marketing tip on how to improve your coworking space’s marketing.

Spolier alert: it’s to spend more time talking to your community.

๐Ÿ‘‰ Read this.

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๐Ÿ’ป Coworking technology.

๐Ÿ˜ฒ Syncing platform builds new WMS integration in 11 days.

Syncaroo announced a new integration with the workspace management system (WMS) andcards this week. What’s impressive (and I believe game-changing) about this announcement is that the entire integration process went from a discussion, through planning, into development, and being implemented into the Private Beta in just 11 days.

This adds a 5th integrated WMS into the ecosystem alongside Cobot, Nexudus, officernd, and Satellite Deskworks. But with the speed of this deployment, we could see a rapid increase in the number of management systems live-syncing inventory and bookings with aggregators, brokers, and website widgets.

๐Ÿ‘‰ Read this.

๐Ÿงน CRE firm introduces cleaning offering.

Jamie Lawson shares that JLL has just introduced a new product called Dynamic Cleaning.

Using sensors, they can coordinate janitorial services optimizing up to 15% in operational costs. Reminds me of the startup I shared back in w42/21 that was building office cleaning robots as part of their workspace operating system.

๐Ÿ‘‰ Read this.

๐Ÿ‡ฌ๐Ÿ‡ง UK platform adds instant booking integration.

Tally Market has announced a direct integration with OfficeRnD enabling teams to book workspaces in seconds.

The integration allows customers of the app to book a vast range of meeting rooms and private offices in seconds. The integration automatically checks the availability of venues using the management system. If available – they can be booked in seconds.

Going to say it again, live-availability integrations are going to be a huge topic this year.

– Shared by Jules

๐Ÿ‘‰ Read this.

๐Ÿ“ฒ Management software co pivots to booking pass

Version 2 of DropDesk Pass is launching today on Product Hunt. CEO Graham Beck shares that although their co “started as a coworking management software, but we soon realized after Covid-19 that there was so much more potential” and that they were “onboarding over 5,000 locations”.

๐Ÿ‘‰ Read this.

โ˜€๏ธSun, sea and.. spreadsheets? Booking app expands into Barbados

Booking platform, NearU, continue their global rollout recently partnering with TEN Habitat in Bridgetown, Barbados, to help make more dreams of coworking in the sun a reality.

– Shared by Holly

๐Ÿ‘‰ Read this.

๐Ÿ“ˆ Coworking data.

๐Ÿ“† Most hybrid workers give Mondays & Fridays a miss

Back in w45/21 NearU shared that 40% of desk bookings were for Thursdays. Their newest dataset highlights that hybrid workers still prefer the “TWT” week structure and working from home on Mondays and Fridays.

– Shared by Holly

๐Ÿ‘‰ Read this.

๐Ÿ‡ฎ๐Ÿ‡ฑ State of flex in Israel

Eran Avital shares The Instant Group‘s flex market review for Israel.

Key takeaway is that demand for flex surged 51% in 2021, alongside a 136% increase in equity investment in Israeli tech co’s.

Note: Unfortunately the report is behind an email gate.

๐Ÿ‘‰ Read this.

๐Ÿค Coworking market moves.

๐Ÿ‡ฉ๐Ÿ‡ช An operator, a VC and a landlord walk into a house.

Ansgar Oberholz shares that VC PropTech1, landlord GSG Berlin, and coworking operator St. Oberholz are collaborating on a new 1,500 sqm workspace and community built across five floors as a meeting point for start-ups, associations, and investors who focus on real estate innovation.

๐Ÿ‘‰ Read this.

๐Ÿ’ฐ Indian coworking firm raises $4M

iSprout have raised a pre-Series A round of $4M, with a major part of that going to building proprietary tech and automating critical processes. They are also planning a $10M round to expand their footprint across the country says Sreeni Tirdhala their CMO.

I do hope Sundari Patibandla’s tech team have checked out Syncaroo for those automation tasks.

๐Ÿ‘‰ Read this.

๐Ÿ’ฐ New CoLiving Startup Fundraising

Here’s an interesting investment play- a “new” version of co-living planning to open in Asheville called Aashna. It’s eco/wellness focused, offering both housing & workspace in urban environments, and is raising funds through an equity-based crowdfunding round.

Depending on the success of this raise, could we see a resurgence in equity/other crowdfunding rounds for community-focussed coworking spaces or expansions? They’re currently sitting at 226% of their minimum goal ($56,727 of $25k), but have set a max raise amount of $1.07M.

– Shared by Felicity

๐Ÿ‘‰ Read this.

๐Ÿ—ฝ How, and why, flex is being adopted by NYC landlords

Aaron Short shares that New York’s Class B and C office owners are also leaning towards flex space. The piece mentions that due to market volatility these landlords have accepted deals on terms as short as six months.

The article shares some interesting insights, including that even landlords who are concerned following the changes at Knotel and Breather are exploring and adding flex options to their properties. Also interesting is that that the average price of a private office in NYC is $961, campared to $803 in London and $800 in Berlin.

๐Ÿ‘‰ Read this.

๐Ÿ‡ฌ๐Ÿ‡ง Operator tapped to run 27k sqft of flex space in Birmingham

Spacemade share that they’ve been appointed by CBRE Investment Management to deliver and manage the flex space in one of the city’s largest property developments at 10 Brindley Place.

It will include private studios and coworking space for more than 500 people, meeting room and podcast facilities, a coffee shop and roastery, and a 2,000 sq ft auditorium and event space.

๐Ÿ‘‰ Read this.

๐ŸŽ™ Coworking conversations.

Jamie Russo discusses the power of niche coworking spaces.

๐ŸŽง Listen to this.

๐Ÿ“† Coworking events.

๐Ÿ’‚โ€โ™€๏ธ London Coworking Assembly April Breakfast

Apr 12: The April London Coworking Assembly Breakfast, will host a discussion about designing a more inclusive and equitable coworking future.

– Shared by Bernie

๐Ÿ‘‰ Read this.

๐Ÿ‡ช๐Ÿ‡ธ Coworking Spain 2022: The Challenges of Coworking and Co-living

Apr 26-27: 70% of this high-quality and curated content will be presented in English, and there will also be an in-person keynote from Igor from the Ukraine Coworking Association.

– Shared by Bernie

๐Ÿ‘‰ Read this.

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.

Other Summaries.

Week 20, 2022

This week we saw a grocer + coworking partnership, AI-driven dynamic pricing, airport lounges added to a booking platform, a P3 hub launch, data on average hotdesk pricing, more cross-Atlantic market moves, and more.

๐Ÿ‘‰ Read this.

Week 19, 2022

This week we explore writing down ideas, see coworking stories from London, Canada, Madrid and insights from Australia, as well as look into mail management, state of flex data syncing, e-scooters, what’s happening with those 800 closed locations and more.

๐Ÿ‘‰ Read this.

Week 18, 2022

This week we explore subtext to Airbnb’s announcement, airline miles from workspace bookings, a billion-dollar takeover, 5 million steps for charity, a mega franchise merger and growth in flex demand and supply across US, Canada and the UK.

๐Ÿ‘‰ Read this.

Week 17, 2022

This week we explore 2 coworking opportunities in appliances & hygiene products, a 300% increase in demand, more M&A, tips for coworking tours, and flex arbitrage.

๐Ÿ‘‰ Read this.

Week 16, 2022

An 8.7% dip in local footprint, a US franchise spin out their software, a new academic study, explore ad spend arbitrage and a space partnership aiming for 500 locations.

๐Ÿ‘‰ Read this.

Week 15, 2022

This week we explore if buildings can have souls, the office sector’s cataclysmic change, if architects suck at designing coworking spaces, see WeWork + Yardi partner up, see US flex demand soar up by 58%, a strategic investment tying up SaksWorks + Convene, a $30M investment into coworking in Tier II cities in India, and a prop dev in London doubling down on flex. And more.ย 

๐Ÿ‘‰ Read this.

Week 14, 2022

This week we explored small-town coworking in Canada, crowdfunding to expand, a ยฃ1.4B drop in UK flex space, 2 more platform acquisitions, underdog city expansions and more.

๐Ÿ‘‰ Read this.

Week 12, 2022

This week we see ยฃ1M going to help set up coworking spaces, NFTs, platforms supporting spaces within Ukraine, why we’re still seeing more booking platforms, rewriting the future for women forced out of workย  and more.

๐Ÿ‘‰ Read this.

Week 10, 2022

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.

๐Ÿ‘‰ Read this.