Week 37, 2024

In an open letter, Buckley Capital Management LLC, shared that shares in IWG are undervalued and that the firm should pursue a U.S. listing after a stock buy-back "when the company reaches 1x net debt/EBITDA".

DenSwap‘s coworking marketplace is heating up as consolidation sees local players rolling up into to larger regional players.

Craig Baute shares that active buyers are looking in Los Angeles, Dallas, New York City region, and Denver. It’s especially hot for spaces over 10k sqft.

Is there a trend that we didn’t see yet? Maybe it just hasn’t hit our FYP on TikTok yet. Wizu, well known coworking space operator in the North of the UK published a hilarious video that shows off their space in the most monotone way possible.

We see a lot of spaces post photos of their locations online, and some do a video now and again. This brought a chuckle to many that enjoyed the way they hopped onto a quirky social media trend – even if we didn’t know it was a trend yet. Will we see more spaces follow their lead?

Have you heard of the hottest club in San Francisco? Shack15 calls itself the "port of entry to Silicon Valley". It’s a 51k sqft space in the city’s iconic Ferry Building. They have a no-interview policy for members, but it’s a space that requires member referral and seems to be pretty selective as to who makes up it’s 2,000 or so members. The operators heavily program the space with a wide variety of VC oriented and social events.

What’s so interesting is that while this piece described the location as a club with coworking, when you read the description of the space it actually seems to be more of a coworking with just a ton of programming, which while not innovative, appears to be done in your typical over the top San Francisco VC fashion.

Maintaining a healthy work-life balance is crucial, and working from home can blur those lines. Intentionally separating your workspace from your home can improve your productivity, focus, and overall well-being. See why Anthony Gerhart, Director of Marketing at Lucid Private Offices, shares why he chooses to go into an office setting, even given the option of working from home (or anywhere else).

Yes, Anthony works for a workspace provider. But we all know that given the choice, we’d "sometimes" work from anywhere else. The points shared are worth noting, and honing in on in your own marketing messages too.

Michael Dubicki from Flex Engine shares a checklist-style scorecard for people doing flex space tours or viewings. Worth checking to see how you’d score.

(And Michael, I’d recommend making a simpler printable version that won’t empty 3 color cartridges hehe)

OfficeRnD share some strategies for scaling your coworking business and managing multiple locations. The post includes tips on assessment, operations, growth, and more.

A lot of workspaces offer mothers rooms that might provide privacy, but that’s about it. Hines recently announced that at their workspace brand THE SQ located in NYC they now offer a mothers room with MilkMate’s cutting edge solutions that include supplies, refrigerated storage and even pumps.

Profluent LinkedIn poster, Dave Cairns, recently said the quiet part outloud. Employees just aren’t adopting usage of coworking – even when their employers are providing them access to various membership options and booking tools.

Some of us here at TWIC see first hand this reality as aggregators work hard to not only sell companies on the importance of providing access to flexible workspaces, but also have to then convince said employees to use the spaces they are being given access to. Many companies simply switch the service "on" but fall short in the area of change management where they need to show their people the WHY behind the who, what and where.

While we often focus on coworking, it’s impossible to not acknowledge it’s component in the overall shift in rapidly changing business fundamentals of office investments. Charlie Morris shares his hot take (along with some impressive talking points) on how the overall office market is changing.

What he shares tracks with a lot of what we see in TWIC as it relates to buildings adopting new software solutions to deliver space-as-a-service and more operators taking on management agreements rather than leasing of space.

They come through coworking intros! Here’s how Chauntelle Lewis joined TownSq after a series of serendipitous coworking interactions with people like AJ Haast, Bernie J Mitchell, Tony Bacigalupo and Lucie Merkl.

(PS. Hiring? Patron Brands can share open roles with the 3000+ industry professionals who engage with This Week In Coworking newsletters each and every week. Just imagine who they could be introducing you to.)

Claire-Louise Taylor shares that the firm has started running British Land Workspace as it’s own brand (at least on LinkedIn). Why this matters? We believe it shows that one of the UK’s largest property development and investment firms is betting long on workspaces.