ThisWeekIn Coworking

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.
πŸ’¬ Discuss this (0).

πŸŽ‚ German Coworking Federation turned 8! #

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

Get future weekly summaries in your inbox.

✊ 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’¬ Discuss this (0).

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’¬ Discuss this (0).

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’¬ Discuss this (0).

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.
πŸ’¬ Discuss this (0).

Share This Week's Summary

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’¬ Discuss this (0).

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’¬ Discuss this (0).

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.
πŸ’¬ Discuss this (0).

😳 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’¬ Discuss this (0).

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’¬ Discuss this (0).

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.
πŸ’¬ Discuss this (0).

🀝 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.
πŸ’¬ Discuss this (0).

🫀 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.
πŸ’¬ Discuss this (0).

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.
πŸ’¬ Discuss this (0).

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’¬ Discuss this (0).

πŸ“† Coworking events.

Discuss this newsletter #

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

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

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.
πŸ’¬ Discuss this (0).

GCUC North America #

April 19-21: GCUC North America in Chicago

πŸ‘‰ Read this.
πŸ’¬ 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.

πŸ‘‰ 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.

πŸ‘‰ 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.

πŸ‘‰ 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.

πŸ‘‰ 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.

πŸ‘‰ 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.

πŸ‘‰ 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.

πŸ‘‰ 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.

πŸ‘‰ Read this.