Week 13, 2023

This week we see the over 5.6k US coworking spaces, AI + workspace booking hints, a free coworking icon pack, two big updates on the IWG/Instant merger-y thing, millions of Americans no longer working remotely and more.

πŸŽ‰ Coworking celebrations.

πŸƒ Alkaloid Networks turns 8! #

Alkaloid Networks, one of the oldest independent, female-owned coworking spaces in Atlanta turns 8 this week!

– Shared by Katharine

πŸ‘‰ Read this.

πŸŽ‚ German Coworking Federation turned 8! #

πŸ‘‰ Read this.

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✊ Coworking impact.

πŸ‡¬πŸ‡§ Another coworking space becomes a B Corp #

Teresa Jackson shares that Collabor8te became a B Corp this week.

πŸ‘‰ Read this.

πŸ“° Coworking news & views.

πŸ‡©πŸ‡ͺ Summary of the 3-day COWORK2023 conference #

Kristina Schneider shared a quick summary of the COWORK2023 conference by the German Coworking Federation. In short: more participants than ever, more participation from coworking tech companies and saw initial results from coworking survey showing more economic sustainability.

πŸ‘‰ Read this.

πŸ‡ͺπŸ‡Ί The why, when, how and where of European Coworking Day #

A post exploring the significance of European Coworking Day (10 May), the benefits of getting involved, how to make the most of this exciting new holiday, and why a new date (alongside International Coworking Day on 9 August) is neccessary to celebrate coworking in Europe.

– Shared by Helga

πŸ‘‰ Read this.

πŸ†“ Coworking icon pack #

Reuben Lau and the Spacefully team created 30+ customizable icons for your website and artwork, including icons for Phone Booth, Podcast Studio, Kitchenette, and Virtual Mail.

Thanks Reuben for letting me share this resource without the email gate.

πŸ‘‰ Read this.

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πŸ’» Coworking technology.

πŸ€– Popular AI chatbot gets booking capabilities #

Florian Huber shares a quick example of how the addition of plugins into ChatGPT can take their millions of users from planning, to booking, reserving and more.

Curious how AI (and plugins like these) may impact your flex space business revenues? If you’ve been following TWIC or joined any of our recap discussions, you’ll know I’ve done a deep dive and working on a report just for you. Watch your inboxes.

πŸ‘‰ Read this.

πŸ› Another booking platform shifts into workspace management tech #

Sarah Sneddon shares that Perch have released their own workspace management software to help coworking spaces manage tenants, finances bookings and more.

πŸ‘‰ Read this.

πŸ“ˆ Coworking data.

πŸ‡ΊπŸ‡Έ 5,612 coworking spaces in the US, spanning 113M sqft. #

Researchers at CoworkingCafe leveraged proprietary data from Yardi in March to break down the coworking space stock availability in the 25 largest markets, as well as their size and distribution.

Main takeaways: 5,612 coworking locations across the US. 5 markets have over 200 spaces – Manhattan (290), LA (265), Washington DC (243), Chicago (235) and Dallas-Forth Worth (225). Total allocated square footage adds up to 113M sqft (1.67% of total square footage of office space in the US). National median prices are $134 (hotdesks), $326 (dedicated desks) and $94 (virtual offices).

– Shared by Anca

πŸ‘‰ Read this.

😳 81% of US office workers are frustrated with their current office experiences #

Kurt Patrick shares essensys’ latest results from a survey of 1000 US office workers about their office experiences, and how landlords (and flex space providers) need to offer more than amenities to keep workers happily coming in ‘to the office’.

Key takeaways: Only 1 in 5 admit that amenities are what brings them to the office, where 63% claim tech and flex workspaces are why they do come in. Interestingly they share that 52% of workers are envious of the tech available in other office buildings aside their own.

πŸ‘‰ Read this.

πŸ“‰ SF and Manhattan see over 10% drop in office rents #

Matt Phillips shares some data looking at the change in office rents on signed leases between 2019 and 2022. SF (-30.8%), Manhattan (-13.6%) and Philadelphia (-6.5%) are the hardest hit with regions like Charlotte (+5.7%), Releigh (+5.6%) and Boston (+4.6%) seeing growing rents.

Time will show how this will affect landlords, REITs, CRE capital markets, local banks and the large coworking markets in these regions

πŸ‘‰ Read this.

πŸ”½ Millions of Americans stopped working remotely in 2022 #

The Hill shares data from a Labor Department report in which they note that 72% of private-sector businesses reported ‘little to no telework’ among their workers in Aug-Sep ’22, compared to ~60% in Jul-Sep ’21. However the percentage of employers who reported that all their employees ‘were teleworking’ did jump 1% in 2022 from 2021, to 11%.

As for the hybrid crowd? 16% reported they had some employees were working ‘from home’, compared to 30% in 2021.

πŸ‘‰ Read this.

🀝 Coworking market moves.

πŸ‡ΊπŸ‡Έ Work-focussed members club expands into Nashville #

Charlie Robinson shares that The Malin is expanding into Nashville, as their first step in expanding across more cities outside NYC. The expansion is in partnership with AJ Capital Partners and will feature a 16k sqft offering including 7 private offices, 48 dedicated desks, 5 meeting rooms, 2 libraries, a kitchen and private terrace.

πŸ‘‰ Read this.

🫀 Merged entity gets ‘new’ name and puts major stake up for sale #

Sky News shares a twofer of a story about the whole IWG+Instant merger-y thing we’ve been tracking for a while.

  1. The combined entity is rebrand(ed/ing) to Worka. Why’s this odd? It’s not been announced anywhere, and Worka was the name of IWG’s own ‘booking app’.
  2. IWG have opened a data room for potential buyers of a 50% share of the combined digital ops entity.

πŸ‘‰ Read this.

πŸŽ™ Coworking conversations.

Jamie Orr shares how they (finally) managed to expand their CoWork Tahoe coworking concept with Jamie Russo on the Everything Coworking podcast.

🎧 Listen to this.

Sneh Kadakia shares how from HERE rose from the literal ashes of her first workspace after a fire that took out 16 businesses and displaced 20 residents with Liz Elam on the GCUC podcast.

🎧 Listen to this.

πŸ“† Coworking events.

Discuss this newsletter #

31 March: Discuss this newsletter, with other readers and industry leaders.

πŸ‘‰ Read this.

Coworking Convo: Hospitality as a Service #

31 March: Service normally refers to an intangible product that is offered to members. Hospitality is an interaction and refers to the way you treat your members. How can hospitality and service be bridged to better serve our communities?

Let’s chat about it.

πŸ‘‰ Read this.

GCUC North America #

April 19-21: GCUC North America in Chicago

πŸ‘‰ Read this.

About This. 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.

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Other Summaries.

Week 20, 2023

This week we explore if IWG would/could buy WeWork, what may inject millions into local economies, $500M for new US tech hubs, off-peak plans and more.

πŸ‘‰ Read this.

Week 19, 2023

This week we explore a free guide to scaling virtual office revenues, what 48% of spaces struggle with, a hotel-to-coworking conversion, an AI-generated listing platform, occupancy hitting 83% in the UK and market moves in APAC, NYC Holborn, Canada amongst others.

πŸ‘‰ Read this.

Week 18, 2023

This week we explore if flex is in flux, new opportunities for flex bookings, which CBDs have the most coworking spaces, a possible new pay-per-minute space, some European Coworking Day events and more

πŸ‘‰ Read this.

Week 17, 2023

This week (and last) we saw a guide for opening new hubs, a $498k local gov. contract tender, a new time-saving tool for flex space tasks, more fractional office plays, 5 types of digital nomads, flex space capacity doubling in Ireland, and more.

πŸ‘‰ Read this.

Week 15, 2023

This week we saw Germany’s coworking politicians, the impact of family-friendly space, how to get press, Microsoft’s API-AI announcement, a 7% quarterly drop in revenue per available workspace and more.

πŸ‘‰ Read this.

Week 14, 2023

This week we saw a 200% growth spurt, remote work hubs on the telly, the EU debating an AI act, a coworking cartoon, a carbon-neutral workspace network and more.

πŸ‘‰ Read this.

Week 11, 2023

This week we saw coworking on a front-cover, who drove supply up 10% in EMEA, bank-failure risks or opportunities, a possible hard-landing, M&A in Charlotte, and more.

πŸ‘‰ Read this.

Week 10, 2023

This week we see proof of content marketing working, explore if local spaces need offices, platform funding, some data from London, Yardi possibly investing in WeWork, a Flex Startup Program, team bundles and more.

πŸ‘‰ Read this.