You already know that managing a coworking space takes more than just tracking payments, bookings, and all those day-to-day tasks.
Proximity is an all-in-oneΒ platform that simplifies over 550 spaces’ daily operations.
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β Coworking impact.
βοΈ IWBI and Instant Group launch WELL Coworking Rating #
The International WELL Building Institute (IWBI) and The Instant Group have now introduced their WELL Coworking Rating, a new certification for coworking spaces.
ICYMI: We summarized Sam Pickering discussing the idea behind this certification back in Week 23. This rating focuses on promoting health and well-being in flexible work environments by meeting specific criteria for air quality, natural light, and community support. It aims to provide coworking spaces with a recognized standard for creating healthier workspaces.
π Read this.
π° Coworking news & views.
π₯ Landlord getting into flex pushes out community space #
Olivier Vergnault shares how 47 members may be getting turfed out of their full, and profitable, coworking space – because the landlord will be converting the space into "serviced office facilities with a view to be rented out to larger corporates".
Unfortunately not the first, or last, time we’ll see this, but a good reminder to our community-focussed spaces who rent their locations that they should alway keep their options open, especially if they have a landlord who may be flex-curious.
π Read this.
π£ British Land adds variety to flex and amenity offerings #
British Land has been leading the path in adding flex and amenity space into it’s buildings long before 2020. Fascinating to see how they carve out niches and introduce concepts such as Storey (traditional coworking), Work Ready (spec suites), Core (customizable office space) and even Lab Space (for science and tech firms) in research hubs.
π Read this.
π Measuring coworking success with space utilization metrics #
OfficeRND share another great blog post showing why space utilization metrics are crucial in evaluating the success of coworking spaces, as they provide insights into how effectively a space is being used.
Tracking metrics such as occupancy rates, desk usage, and meeting room reservations helps operators optimize layout, manage resources, and enhance member experiences. By understanding these patterns, coworking businesses can make data-driven decisions that improve profitability and member satisfaction.
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π» Coworking technology.
π PSA: If you’re using QR codes to collect payments… #
Cyber-security news feeds have been blowing up with this video demonstrating how scammers cleverly ‘quished’ unsuspecting drivers out of parking fares.
If you’re accepting day-pass or other on-demand purchases via publicly accessible QR codes, this is a security reminder to check your own QR codes often.
π Read this.
π OfficeRND + technologywithin announce connectivity integration #
Announced at GCUC UK, OfficeRND has a new partnership with technologywithin.
This integration allows operators to easily manage internet connectivity, bandwidth, and user access on the twiindata platform, directly through the space management platform.
π Read this.
π Coworking data.
π‘ What is driving a 240% coworking suburban surge? #
Yardi Kube‘s latest white paper focusing on coworking’s "suburban surge". In the paper, several industry experts share what they believe and see to be driving this trend.
We also see some interesting new data-points, namely that 15% of all office space enquiries that move through Yardi’s listing network are for coworking space (up from 6% in 2022). Turner Levison also highlights that the suburban coworking footprint has swelled by 9M sqft in just one year, while suburban demand has surged by 240%.
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π€ Coworking market moves.
π€ WeWork and Vast Coworking form partnership #
The big news this week was the formal announcement of a new affiliate partnership between WeWork and Vast Coworking Group. Different from other partnerships related to their All Access product, this endeavor will enable WeWork Workplace customers to search and book select Vast Coworking locations via their app.
We had a bunch of questions too, which is why we invited the CEOs of Yardi, WeWork and Vast to go beyond the headlines on our recent podcast episode.
π Read this.
π’ Coworking operator hands building over to… the US Navy? #
Vibe Coworks is exiting its Bremerton location, The Spot, to support the U.S. Navyβs expansion in the area. The Navy will take over the building as part of a $21 billion modernization effort at the Puget Sound Naval Shipyard, creating jobs and boosting local growth. Vibe Coworks is proud to have played a role in this transition and will continue to serve clients at its flagship location in Poulsbo.
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π» JLL adds run-for-you flex offering for APAC landlords #
Tashi Dorjee, JLL‘s Head of Flex in Australasia, shared some info on CIVIS, their end-to-end flex solution in APAC. This rollout will help landlords (commercial, retail, and recently residential) design, build and operate their own transparent flex businesses.
"Run-for-you flex" is an undercurrent trend we are following – where owners of office buildings bring in experts to design, implement and manage flex offerings that serve wider tenant and asset needs.
Wondering what office portfolio owners in the region think about offering flex products? Listen to the recent episode of the This Week in Coworking podcast where we interview Jessie Glew of WOTSO on 10 years (and millions of dollars in additional revenue) of being an office portfolio owner AND an operator of flex spaces.
π Read this.
π¦πΊ Sydney’s new private members club ft fine dining and workspace #
The Pillars, a private members club exclusively for tech investors and entrepreneurs, is set to open in Sydney in February 2025. It will offer fine dining, wellness amenities, and shared work hubs. Expect a cap of 600 members and a steep joining fee.
π Read this.
βͺοΈ Church transformed into unique Kansas City coworking space #
A new coworking space, The CO-OP at Shoal Creek, has transformed unused church space in Kansas City into a thriving hub for businesses and entrepreneurs. The partnership between coworking veterans Martin and Heather Heckroot, and the Shoal Creek Community Church helps leverage underused facilities to build community locally.
It’s an idea that several in the industry have successfully developed and implemented, but we’re always excited to see more of these in the news. It’s points to another trend in this week’s recap – suburbs – and leans into the core of coworking: community.
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π Luxury coworking brand opens in Austin, TX #
The Malin has opened its first luxury coworking location in Austin. It blends high-end design with personalized services like concierge staff and catered lunches. Members enjoy perks like executive assistants, meeting support, and access to beautifully designed workspaces.
The Malin’s first location, in Soho, is one of NYC’s most in-demand coworking spaces. They’ve most recently expanded to Nashville, so it’s a perfect fit for them to target this demographic in Austin. With day passes that start at $75 per day on some aggregators, the experience is quite similar to Soho House.
π Read this.
π¦ Chandler, Arizona gets new flex office and warehouse combo #
Fuse Flex Space, a new coworking and co-warehousing facility in Chandler, Arizona, offers a hybrid solution combining 8k sqft of private office space with 20k sqft of air-conditioned warehouse space. The space caters to entrepreneurs and small businesses needing both office and industrial/storage facilities under one roof.
Coworking for warehousing/ecommerce is a growing flex segment, and we’ve seen a lot of movement this year. Another shift in the market also adding to the growth in the suburban flex market.
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π½ Industrious opens Tower 49 location in NYC #
Industrious officially opened Tower 49, featuring 16 floors of coworking, private offices and suites, and meeting rooms.
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π³π± Dutch network adds new Rotterdam location #
Robert Sparreboom shares that HNK workspaces (who are owned by NSI, a Dutch Office REET) are expanding their network with a new location in Rotterdam. This brings their total network size to 9 locations.
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π Coworking conversations.
Hector Kolonas quizzes Anant Yardi, Jason Anderson and John Santora (the CEOs at Yardi, Vast Coworking and WeWork respectively) about their partnership and the WeWork Partner Network on an exclusive episode of the This Week in Coworking Podcast.
π§ Listen to this.
Caleb Parker and Hector Kolonas geeked out about aggregators, ROIs and automations on this special feature Brave Ideas LIVE session.
π§ Listen to this.
Jesse Middleton shares a snippet from The Feedback Loop podcast where he recounts how an office search on Craigslist, a 10-minute tour at Grand and Lafayette, and some shots of tequila in 2010 sparked a "side project" that morphed into that 4000-person team at WeWork Labs in 2016.
π§ Listen to this.
On the Future of Work Podcast with Frank Cottle, Will Sandford of Yardi predicts a major shift in coworking, as enterprises embrace flexible spaces as essential βportfolio insuranceβ.
π§ Listen to this.
Szilvia Filep from Coworking Hungary chats with Bernie Mitchell about how their association supports the local movement on the Coworking Values Podcast.
π§ Listen to this.
In this episode of Coworking Out Loud, Cat Johnson shares her own coworking journey, from knowing nothing about coworking, to joining a space that was a bad fit for her, to findingβand becoming an active participant inβa great-fit coworking community.
π§ Listen to this.
