ThisWeekInCoworking.com

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.
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This Week is sponsored by…Syncaroo.

We’ll keep this short & sweet, you’ve got a lot to do.Β 

Syncaroo helps automate the most repetitive & tedious parts of promoting and filling flex workspaces.

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πŸŽ‰ Coworking celebrations.

πŸŽ‚ Huckletree celebrates 6 years!

Andrew Lynch recounts how 6 years ago he, Gabriela Hersham and a team of 5 launched the first Huckletree location in Shoreditch.

πŸ‘‰ Read this.

✊ Coworking impact.

πŸ““ New academic review of coworking impact in Europe’s peripheral and rural areas.

Mina Akhavan and Thomas Vogl co-authored a paper that aims to present a systematic literature review about the effects of coworking spaces located in peripheral and rural areas.

The paper itself does seem to be locked behind a academic-gate, but I’m hoping to get my hands on a public link, maybe through the Coworking Library.

πŸ‘‰ Read this.

πŸ“° Coworking news & views.

πŸ€“ Coworking, creators and ad spend arbitrage.

Following a geeky challenge I shared, I elaborated on an interesting opportunity that flex workspaces should explore by looking into 3 apparently random and unconnected search engine trends.

In short I dig into how flex spaces could leverage niche but growing demand to cut through the noise and drop member acquisition costs.

πŸ‘‰ Read this.

πŸ•΅οΈβ€β™€οΈ What do London redditors think of office expenses?

Here’s an interesting reddit discussion about the costs-vs-benefits of office space in central London. In the 450+ thread replies, you can gleam interesting viewpoints from employees, business operators and freelancers.

They mention cybersecurity, hating the commute, being able to focus, coworking memberships and more. Definitely a wealth of ideas and possible pain points to address for humans in your neighborhoods.

πŸ‘‰ Read this.

πŸ‘©β€βš–οΈ 6 considerations for coworking member agreements

Freya Laskowski shares 6 considerations for inclusion into your coworking space’s service (or member) agreements.

The items covered vary, from deciding whether you are/can sublease or offering access as a service, to the levels and pricing and termination of service, to considering a code of conduct and thinking around mitigating risks and liabilities.

πŸ‘‰ Read this.

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πŸ’» Coworking technology.

☁️ Flex workspace franchise rolls out software co.

Serendipity Labs have rolled out a (wholly owned subsidiary) company called WorkplaceCloud. Through it they will license out their flex office management services tech to landlords.

The workspace management software market continues to heat up, both upmarket and down. Watch this space.

πŸ‘‰ Read this.

πŸ‡ΏπŸ‡¦ Booking app launches in South Africa.

Desana share that they’ve launched in South Africa with partners in both Cape Town and Johannesburg, but sharing a few fun facts about the country.

More fun facts? I was born in ‘Joburg’ and, on a completely unrelated note, the country has a thriving but completely different coworking sector that supports businesses through rolling blackouts and higher security set ups.

πŸ‘‰ Read this.

πŸ’° $4B invested into proptech cos in Q1.

The Real Deal shares that it’s been another record quarter for property technology (proptech) companies, up 41% from Q4/22 and up 31% from Q1/22.

The continued increase in funding could a really really good thing for folks managing property-related businesses, as competition and developers drive focus on supporting you and your business needs as quickly and cost-effectively as possible.

πŸ‘‰ Read this.

πŸ“ˆ Coworking data.

πŸ”» Denver coworking footprint shrunk by 8.7%

Metro Denver’s inventory of coworking space has decreased by 8.7%, or 244K SF, since before the pandemic, bringing the total to 2.6M SF across the region, according to a new analysis by CBRE.

But the firm does predict that 2022 will be a growth year for coworking in terms of occupancy and square-footage gains, as large companies look for flexibility in their return-to-office strategies.

(Soft paywall on article)

πŸ‘‰ Read this.

🀝 Coworking market moves.

πŸ’Έ Coworking brand + private equity group raise cash to hit 500 locations.

33 Degrees, a global private equity group are investing in and partnering with THRIVE, an Atlanta-based coworking brand, to launch 500 purpose-driven coworking spaces within walkable neighborhoods across the US and Canada.

Will be interesting to see how 33 Degrees’ CRE-focussed portfolio companies will come into play to support the expansion of this network.

πŸ‘‰ Read this.

πŸŽ™ Coworking conversations.

Paul Stanton and Jamie Russo discuss flex and proptech trends and themes on the Coworking Everything Podcast.

🎧 Listen to this.

πŸ“† Coworking events.

πŸ‡¬πŸ‡§ GCUC UK 2022 dates announced.

28 Sep: GCUC conference returns to the UK, taking place at the recently announced Convene at 22 Bishopsgate in London.

πŸ‘‰ Read this.

πŸ‡ͺπŸ‡Έ 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

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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.

πŸ‘‰ 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.

πŸ‘‰ 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.

πŸ‘‰ 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.

πŸ‘‰ 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.Β 

πŸ‘‰ Read this.

Week 14, 2022

This week we explored small-town coworking in Canada, crowdfunding to expand, a Β£1.4B drop in UK flex space, 2 more platform acquisitions, underdog city expansions and more.

πŸ‘‰ Read this.

Week 13, 2022

This week we see Β£5k 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.

πŸ‘‰ Read this.

Week 12, 2022

This week we see Β£1M 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 workΒ  and more.

πŸ‘‰ Read this.

Week 11, 2022

This week we see two more big mergers, the coworking markets in Bulgaria, France and Ukraine, an ode to community members, the metaverse and more

πŸ‘‰ 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.

πŸ‘‰ Read this.