Week 27, 2025

CBRE-owned flexible workspace provider Industrious has signed for 25,683 sqft across the ground and first floors at 15 Fitzroy Street in London’s West End, marking the company’s first location in the district and the DWS-owned building’s inaugural tenant. The deal includes management of a 2,760 sqft atrium business lounge, with the building featuring a 1,265 sqft communal terrace and 2,185 sqft private terrace.

The expansion follows CBRE’s completion of its $400M acquisition of the remaining 60% stake in Industrious in January 2025.

Incuspaze, who operates 50+ centers across 18 cities with 371.6k sqm of workspace, acquired Pune-based Trios in an undisclosed cash and equity deal expected to boost annual group revenue by 10-15% toward its €408-467M target for fiscal 2025-26.

Trios, founded in 2017, operated 12 coworking spaces across Pune and Gurugram managing 14k sqm, with the co-founders remaining to support integration.

Separately, OYO-backed Innov8 sold a 3% stake at approximately €115M valuation and plans to double its footprint to 100 locations by year-end, reporting €6.82M profit after tax for FY 2023-24 compared to €275,000 the previous year. The simultaneous transactions highlight rapid consolidation and investor confidence in India’s flexible workspace sector, as Incuspaze is also launching FlexLeaze, an enterprise fit-out platform.

Felicia Rubinstein, founder of women-centered coworking space HAYVN, has opened a second location in Greenwich following the original Darien site, with plans for a third location along the I-95 corridor to complete her expansion strategy.

Rubinstein, a mechanical engineer who previously worked at Apple and GE before founding a marketing agency, created HAYVN after experiencing workplace challenges as a woman in corporate settings, including hiding her pregnancy at Apple and being the sole woman on a 15-person leadership board at a software company. The concept emerged after she heard WeWork co-founder Miguel McKelvey on NPR’s "How I Built This" podcast, though she found existing coworking spaces like WeWork to be "bro-working" environments catering to younger demographics rather than professional women.

Arlington, Virginia-based Nooks, founded in 2021 by military veterans, raised $25M in Series A funding to expand its subscription-based access to classified facilities known as SCIFs (Sensitive Compartmented Information Facilities).

Investors include Zigg Capital, Upper90, SAIC Ventures, and Lockheed Martin Ventures, backing the company’s Classified-Infrastructure-as-a-Service (CIaaS) model that supports government agencies, defense startups, and prime contractors working on classified projects.

Nooks addresses the 18-month security clearance wait times that hinder defense innovation by offering turnkey packages including site selection, lab design, construction, operations, and security clearance support, positioning itself as the "Airbnb" of classified workspaces.

In November, Caddo Office Reimagined will open its 10th location in Frisco, TX. This will be the company’s second site in Frisco, further extending service to nearby McKinney and Prosper.

Founder Tim Slaughter highlighted the location’s design elements including a restored retro golf cart at the front entry as an homage to the PGA of America headquarters now located in Frisco. The expansion continues Caddo’s strategy of serving small business owners seeking to work near home rather than at home, with the new location targeting the growing suburban Dallas market.

Brussels-based lifestyle hub Le Mix raised €60M in capital (with additional bank loans for €120M) to fund the expansion of its mixed-use coworking and fitness model across ten European locations including Paris, Cannes, Madrid, and Luxembourg. The flagship 21k sqm Watermael-Boitsfort location combines coworking, hotel, wellness, food services, and events, boasting 5,000 fitness members, 80%+ hotel occupancy, and first-year profitability.

Parent company Mingle Group is planning a second Brussels site in a former national bank printing house opening in 2028 with 75 hotel rooms, coworking facilities, and 30 managed apartments, plus confirmed developments in Paris Montmartre and Cannes Mougins. The group is aiming to grow from 5k to 50k sports members and 1,000+ hotel rooms across the network within six to seven years, positioning coworking and fitness as core business pillars while using traditional lease agreements rather than management contracts for greater operational control.

The Root Coworking has now opened the fourth location, The Root – Builders, in Downtown Omaha. They first teased this location 88ish days ago in Week 15, so a rapid launch and expansion worth noting.

Pamplona-based flexible workspace provider Klammer Workspaces is opening a second location in the Navarrese capital, adding 1.5k sqm of space on the sixth floor of the former Caja Navarra Bank headquarters on Avenida de Carlos III. The new facility will feature common areas, a meeting hub, multiple meeting rooms, a coworking zone, and private offices of various sizes.

The expansion comes in response to growing demand for quality office space in Pamplona’s city center, complementing the company’s existing 1.9k sqm flagship location on Arcadio María Larraona.