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β Coworking impact.
π°πͺ Workable Nairobi achieves EDGE certification #
Workable Nairobi has received the EDGE green buildings certification as (potentially) the first and only flexible office space provider in East & Central Africa to receive such a certification.
π Read this.
π’ Baltimore coworking brands band together for coworking week #
Dr. Tammira Lucas shares how local operators Impact Hub Baltimore, Co_Lab Workspace and Books, The Cube Cowork and Spark Baltimore partnered up to run Baltimore Coworking Week – a series of events and coworking promos.
π Read this.
πΏπ¦ South African coliving retreat adds altruistic twist #
CoWorking Days are planning a new coliving retreat (aka a CoWorking Safari) in the picturesque village of Chinsta in The Eastern Cape of South Africa. As part of the launch of this new retreat in November, they’re offering a 50% discount on accommodation to any participants who volunteer at a local community school.
A lovely idea to merge digital nomad travel and volunteering.
π Read this.
π° Coworking news & views.
π§ Are recording studios a good new side-gig for coworking spaces? #
The team at Spacebring break down the ins and outs of adding a recording studio business to an existing coworking space. This takes podcast studios to a different level, bringing in staff to support with recording, editing and producing.
π Read this.
π¨ How to create weekly member newsletters in under an hour #
Bernie Mitchell shares more tips on how busy community builders (ie you) can start to create weekly newsletters in under an hour each week. Tips include sections, scheduling, content capture, and experimentation among others.
π Read this.
πΌ Another great flex space ad, this time out of South Africa #
I’m a sucker for great coworking adverts. This one is from Inospace who run serviced logistics parks (aka: co-warehousing) in Cape Town and Johannesburg in South Africa. Love the way they highlight ease of use, amenities and tie them all to working and their signature red "o".
π Read this.
π Your brand is NOT just your logo. #
Kevin Russell shares a presentation that reminds us that a true brand and a logo/identity are not the same thing.
Spoiler: A true brand includes 1. how you make people feel, 2. the experiences you create, 3. what people say about you, 4. the promises you make, 5. the story you tell, and so much more.
I’d be a fool not to share that the Brand Profiles we generate for coworking brands are designed to continuously highlight points 3 and 5 (with a little of 1, 2 and 4 sprinkled in there too). Whether you keep your free profile, or upgrade to become a Patron Brand – I truly hope these little summaries of who you are and what you do contribute positively to the brand you’re building for your business.
π Read this.
π‘ Savills relocates Nottingham office into flex space #
I don’t usually share move-in (or move-out) news in these summaries, but when international real estate firm Savills shares that they’ve proudly relocated a local office into a Cubo workspace, it’s worth taking a beat.
Maybe this means more Savills’ brokers will better understand flex space products? I mean they should have a pretty good idea already given that Savills owns WorkThere.
π Read this.
π§ Network turns a motorway closure into an opportunity #
The team at Work Inn jumped right into the conversation around the 15ish week closure of the A40 motorway in the Ruhr region of Germany, to fix a damaged bridge near Bochum. They quickly addressed the frustration many commuters are probably feeling, presenting their network of locations as an antidote to even worse traffic jams than A40 commuters were already used to.
Nicely played WI team, I’d love to see data around how many people took up the offer and stayed after the motorway was reopened.
π Read this.
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π» Coworking technology.
πͺͺ Operator extends Nexudus with automated identity checks #
Syncaroo were brought in to help a workspace tackle a challenge around implementing and automating required background and identity checks for prospective and active members. In this post we see some notes from the custom implementation.
Of course, not every coworking or flex space needs that level of check. Most wouldn’t. But it is interesting to look at how far automations and integrations are reaching in our industry.
π Read this.
π Coworking data.
π Stats and prices as UK and Ireland surpass 3k spaces #
CoworkingCafe‘s newly released quarterly report shows the state of the coworking industry in the United Kingdom and Ireland.
In summary, the UK has 2,806 coworking spaces and Ireland has 210. Breaking those numbers down more, 2,460 are in England, 188 in Scotland, 102 in Wales, 56 in Norther Ireland. Digging deeper Greater London is the coworking capital with 788 spaces, Dublin boasts 101, and they’re followed by Manchester with 69.
In the UK, the national median price for a dedicated desk is Β£215p/m (Β£310 in Brighton and Hove), open workspaces Β£155 p/m (Β£250 in G.London), virtual offices Β£40p/m (Β£99 in G.London) and meeting rooms Β£25 p/h (Β£45 in G.London).
Within the top 15 UK cities, Fora runs 60 spaces, Workspace Group runs 55, The Boutique Workplace Company runs 38, WeWork 37 and Landmark 35.
In Ireland, the median dedicated desk price is β¬299p/m in Dublin (β¬280 nationally), open workspace desks β¬200p/m and virtual offices for β¬50 p/m (both nationally and in Dublin). Meeting rooms in Dublin come in at β¬44p/h compared to the national median price of β¬37.
The top three operators in Dublin are Pembr, which has 18 coworking spaces, Iconic Offices with 12 spaces and Workhub with 6 spaces.
π Read this.
π¬π§ H1 results from Manchester highlight flex space growth #
Joe Rigby shared CBRE’s H1 Manchester highlights. It’s a lot of office CRE stuff, until slide 7. That’s where we get their Q2 Flexible Office Roundtable data. In it we see that Manchester has 1M sqft of flex space and that number is growing (actually 2 of their 3 largest deals were into flex spaces).
They also report that regional landlords are continuing to invest in flex offerings, and that demand for serviced space has continued to rise, with flexibility being a valued commodity.
π Read this.
πΈ Are you addressing this silent profit killer? #
Oliver Easton-Hughes (prev. Huckletree, now at Koho) shares how revenue leakage is a silent profit killer for flex space operators.
What is it? In short, it’s "unexpected or unintentional loss of revenue". Oliver digs into the challenges in identifying revenue leakage, and how tho think about combatting it.
π Read this.
πͺΉ Are there 500+ fully-built coworking spaces sitting empty? #
Ben Wright from The Instant Group shares some shocking numbers, noting that just 30% of recently closed fully built-out coworking spaces are now occupied by another operator.
When asked, some say they are waiting for a traditional tenant, but only 18% of these closed spaces have been taken by such tenants. Ben notes that this does leave over 500 "ready-to-go" spaces that other operators could activate, and asks what we as an industry are going to do about it.
I have two of my own questions. 1. Are any of those 500+ spaces now landlord-run flex spaces? 2. Some of those landlords need to chat to the folks at DenSwap about maybe listing those turnkey spaces on their marketplace for buying coworking businesses.
π Read this.
π€ Coworking market moves.
π¨π¦ 4 Canadian brands partner up to create network #
Jesse Sharratt shares that LAUFT, ClickSpace, Werklab Inc and CoWork Halifax are partnering up to create an 11-space network in Montreal, Greater Toronto, Vancouver and Halifax.
I had questions, so I pinged Jesse. In short: the network is designed to make sure members of each brand can access other spaces as they travel, or have remote work needs. They have an offer called CANADAYPASS where members of all participating brands can redeem $25 day passes across the network. And the underlying agreement is to offer discounted access to members of the other brands.
π Read this.
πͺπΈ Spanish brand repositions, drops ‘Workspaces” #
Aticco share that they’ve repositioned, and why.
Moving away from sub-brands like Aticco Workspaces, AticcoLab, Aticco Living and Aticco Ventures to just one top-level brand… Aticco.
π Read this.
π¦πΊ Aussie operator rolls 3-minute pitch challenge #
Tobi Skovron shares that CreativeCubes.co are opening up 10 spots (that include 12 months of free office space, and $100k in "Metal Platform Credits") to AI and tech scale ups through a "Pitch For A Spot" competition.
π Read this.
βοΈ Brand launches into Seattle, taking over a WeWork location #
Centrl Office are launching in Seattle, taking over a former WeWork location in the Capital Hill neighborhood. This is Centrl’s 8th location (joining 3 in Portland, 2 in LA and one in both Lake Oswego and Sacramento. CEO Alex Hughes shared that they’re seeing a lot of groups in traditional office space evaluating more flexible options when their leases are ending.
π Read this.
π¬π§ Former town hall in London becomes a coworking hub #
General People share that they’re opening a community and workspace hub in a former town hall.
Located in Elephant & Castle (that’s a real place in London, I swear), Walworth Town Hall is an iconic building which has been a focal point for the local community since 1894. The 50k sqft hub will have offices, coworking space and meeting rooms. This location becomes GP’s 5th in/around London.
π Read this.
πΊπΈ SimplerSpace opens new Chino location #
SimplerSpace, the suburban "sub-brand" of TailoredSpace, are opening a 50 office hub in Chino, California – covering about 13.5k sqft. This locations is their 3rd, following previous SimplerSpace launches in Calrsbad and Placentia.
CEO Drew Sanden notes that the SimplerSpace will continue a growth and differentiation strategy within suburban markets.
π Read this.
πΊπΈ The Root hops over state lines #
The Root Coworking share that they’re opening their first location in the state of Arkansas, with a space in Fayetteville.
π Read this.
πΊπΈ Local operator adds 3rd party fractional spaces to offering #
The team at Green Hive Spaces share that they are experimenting with fractional office products, offering their members (and the general public) the ability to book workspaces by the hour, day or week at their partner locations via their website and app.
π Read this.
π Coworking conversations.
Tashi Dorjee shares his rapid-fire presentation (and the slides) on "Finding an additional 10% in revenue" from the recent Flexible Workspace Australia conference.
π§ Listen to this.
Cat Johnson joins Simon Hodgkins on The Global Discussion to chat about the benefits of coworking spaces.
π§ Listen to this.
Guenaelle Watson joins Emily Breder on the Coworking Values Podcast to dig into creating inclusive environments catering to neurodiverse individuals.
π§ Listen to this.
Katelyn Hendricks and Richie Parsons join the Flex Uncensored podcast to discuss how coworking space business can understand and leverage SBA loans.
π§ Listen to this.
Ernest Lee discusses citizenM hotels’ innovative approach of merging coworking spaces with luxury hospitality with Liz Elam on the GCUC podcast.
π§ Listen to this.
π Coworking events.
βοΈ How to simultaneously optimize coworking for culture and revenue #
Can you stimulate community and business growth simultaneously? What is the current coworking conundrum? Are technology and automation hindering or empowering the coworking culture? What are the best ways to optimize space coworking monetization?
Join this free webinar to hear what David Walker (CoworkingConsulting.com), Anne Olsen (The Shop Coworking), James Crenshaw (Gather Coworking) and Daniela Mallarino and Bernie Mehl (both at Kisi) have to say about these, and other exciting questions.
π Read this.
