ThisWeekIn Coworking

Week 4, 2023

A writing hack, spike in franchising enquiries, more lounge-access in the equation, why a firm is pushing landlords to be on coworking and more.

🎉 Coworking celebrations.

🎂 Intelligent Office celebrates 28 years #

Ryan Harris shares how much has changed in the world and in flex since 1995. Yes. 1995. Congrats IO team!

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✊ Coworking impact.

🗽 Support for underrepresented founders in NYC spaces #

Phil Kirschner shares details of McKinsey’s 2023 InNYC accelerator program that will support seed and series A startups and proptech companies with underrepresented founders in NYC with 3 months of support (for free and for no equity) to solve their most pressing issues.

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📰 Coworking news & views.

💡 A simple hack to transform your writing #

Cat Johnson shares a great tip for how to improve your writing. In short? Write for one person. Longer version? Check out the short (but well written) blog post.

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🤩 Short summary of recent brand-and-UX-in-flex panel #

Adam Blaskey shares his takeaway from a panel at SPACE+ with James Lowery, Charlie Green, Gabriela Hersham and Ed Cowell. In short flex operators have been brand innovators for over a decade, but with competition growing, everyones going to have to work even harder. Also, data driven user experiences are getting ever-more important to driving brand loyalty.

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💡 Takeovers & franchising enquiries tops indies for first time #

Craig Baute shares that for the first time DenSwap have done more feasibility studies for landlords looking to backfill ex-WeWork spaces or evaluate coworking franchises than independent spaces looking to grow. Could be a sign of shifts in the market, or an opportunity for indie brands looking to get creative with landlord partnerships.

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🎓 Stanford MBA team explores matched co-tenancy #

Phil Kirschner reshared Project Pair’s take on flex space that was originally shared by Nick Bloom. In short the pilot project (run by a Stanford MBA team) looks to arrange office co-tenancy between matched firms, resulting in an estimated 30-50% saving on typical lease agreements.

Curious to see how this will play out with coworking, and how long it’ll take to shift the tech to support the burgeoning subleasing opportunity.

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🧠 Space features their very own ‘firestarter’ as the member of the month. #

Brain Embassy Antwerp featured Joke Seghers, their community lead, as their member of the month. I love this because community managers are very much members within any space, and celebrating their personalities individual and missions are a great idea. It’s also awesome to get a glimpse into Joke’s 8 years of living and breathing coworking spaces.

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🇨🇦 Reminder for non-profit Toronto spaces to reapply for tax breaks #

Ashley Proctor reminds membership orgs (aka artists studios, music venues and shared workspaces managed by not-for-profit orgs) to reapply by March 15th to remain eligible for tax breaks from the City of Toronto.

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💻 Coworking technology.

🛃 Booking platform adds lounge-access #

Upflex have announced they’re partnering with DragonPass to also make 1,100 lounges in airport and rail stations bookable.

If you participated in the last TWIC Discussion, then you’ll remember us digging into how flex spaces, and when-on-the-move workspaces were being brought together to enable whole new types of workdays/weeks, ultimately benefiting participating spaces.

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📈 Coworking data.

🚀 Why one firm is telling landlords to bet on coworking #

“From an investment perspective, we see the coworking model yielding two to three times more revenue per square foot compared to a traditional commercial real estate model,” Karen Allison Condi said. “If the market is right, building owners can reap high rewards by converting their building into a shared workspace/coworking space.”

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🤝 Coworking market moves.

💵 How global chain taps new revenue through consumer brands #

Marty Swant shares some details in Digitay around how WeWork is bringing consumer brands (and new revenue) into their spaces.

In short? Charging consumer brands for exposure, ad spots and experiential campaigns in front of their members.

The article mentions Recess (led by Jack Shannon), and this is something I loved helping workspaces around the world with during my time launching and leading included.co (check that out to run your own virtual/irl perks programs). Still believe this is a huge opportunity for engaged communities.

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💰 10 platforms announce shared ownership programs #

Sascha Kellert shared that Ownco co-launched with 10 founding shared ownership companies. In short, through the platform, over 200,000 community members will be able to participate in shared ownership programmes.

In short, these 10 platforms will allow participants to become part owners of the companies themselves. In the list is a fitness platform owned by participating trainers, a hospitality platform owned by the hosts/guests and neighbors and OneCoworking a coworking network owned by coworking spaces.

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🎨 Indian network introduces new brand identity #

COWRKS have introduced a new brand identity. As the leading market in APAC and one of the top 3 flex markets in the world, keep an eye on moves in and across India.

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🇳🇱 Provider opens 8th Amsterdam location #

Flexible office space and coworking provider Tribes expands its network to 20 locations across the Netherlands, Belgium and Germany, with it’s newest location on Amsterdam’s South Axis.

– Shared by Jodie

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🎙 Coworking conversations.

Tobi Skovron chats with Jamie Russo about creating an ecosystem that includes workspace, wellness, hospitality through CreativeCubes, Orange Theory and Timber & Greens on the Everything Coworking podcast.

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Bill Bennet from Expansive chatted with Liz Elam about leading one of the largest brands with an innovative structure and over 3.8 million square feet of workspace on the GCUC podcast.

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📆 Coworking events.

🌍 2023 Global Alliance Summit #

Feb 15: The annual Coworking Alliance Summit brings together the world’s coworking alliance leaders and members, collaborative organizations, and industry professionals from around the world.

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👾 The Metaverse, DAOs, NFTs, Crypto and AI in Coworking Spaces #

Jan 31: Curious to discover how AI, Crypto, web3, NFTs, DAOs and the metaverse might impact coworking spaces? Let’s explore how coworking spaces around the world are currently (re)shaping their concepts around these trends.

– Shared by Pauline

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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.

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💫 Who's hiring?

🇺🇸 Bottle Rocket Search are hiring a Director of Sales Marketing in California

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🇺🇸 Bottle Rocket Search are hiring a Vice President of Sales in San Francisco Bay Area (Hybrid)

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🇧🇪 Clockwise Offices are hiring for multiple roles across sites in Belgium

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🇬🇧 Clockwise Offices are hiring a Community Coordinator in Devon, UK

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🇬🇧 Clockwise Offices are hiring a Community Coordinator in Cheltenham, UK

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🇬🇧 Bottle Rocket Search are hiring a Managing Director in London, UK

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🇬🇧 Patch are hiring a Community and Member in Bournemouth, UK

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🇬🇧 Patch are hiring a Community & Events Executive in Bournemouth, UK

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Other Summaries.

Week 30, 2024

This week we explore if nows the right time for deeper industry categorization, a mindblowing office conversion plan, how to prepare to sell your space, what HB Reavis has been up to, a mega merger in Germany, a Spanish takeover, conflicting data out of the UK, two heating battlegrounds in coworking tech and more.

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Week 29, 2024

This week we see the US surge past 7000 coworking spaces, how “hybrid-flex” spaces are eating “serviced offices” lunch, a 14% drop in UK flex supply, smaller offices make up 76% of available space in Australia, some ways to assess coworking NOI and more.

👉 Read this.

Week 28, 2024

This week we explore AI agents, space automation, a crowdfunding update, meeting booking data, and share 10 market moves from across the UK, Singapore, the Netherlands, South Africa, Australia, and Germany. 

👉 Read this.