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🎉 Coworking celebrations.
🎉 Coworking Canada’s 10-Year Journey of Growth #
Coworking Canada recently celebrated its 10th anniversary, having started as a small community event and grown into a national leader in the coworking movement. The initiative has helped expand coworking options across urban and rural areas, fostering stronger connections and innovation within local communities.
PS. They’re hosting an online version of their annual event soon, check out our Coworking Events calendar for more info.
👉 Read this.
✊ Coworking impact.
👨👨👦👦 How a Vancouver community saved its coworking space #
The HiVE in Vancouver has known a lot of change of late. Ralph Baddour was just at Coworking Canada and got to tell the story of how he went from coworking member to board member and ushered the space into its new existence — and space — supporting local non profits.
👉 Read this.
📰 Coworking news & views.
💪🏻 The argument to drop the entire remote vs. office debate #
Kayley DiCicco from Expansive shared her take on the pro-office vs pro-WFH debate, advocating for flexible, adaptable workspaces that cater to diverse workforce needs, noting that forcing employees into rigid work setups is counterproductive.
👉 Read this.
🏘️ They’re building a walkable startup village #
Local NBC coverage gives a little more about COhatch‘s plans to renovate old homes in Dublin, Ohio into a mixed-use village.
"This development is intended to create a walkable district with a mix of start-ups and growing businesses, non-profits, hybrid companies, restaurant and event spaces, markets, and active outdoor plazas". Yes please!
👉 Read this.
💡 3 lessons from running 3 local spaces #
Amanda Lewan shares some hard-earned lessons from running 3 Bamboo coworking locations over the last 6 months. In short, coworking is hyperlocal, small private offices are bread-and-butter, and communities people find each other.
👉 Read this.
🇮🇨 Space CEO highlights looming crisis in local market #
Leo Mpa shares some updates from Housemates Workspaces, and some warnings about a looming affordability and utilization crisis thats looming in their local market of Gran Canaria, Canary Islands.
👉 Read this.
📊 Social ads vs. Google ads: What’s better for coworking spaces? #
You’ve got some advertising dollars set aside, and you’re ready to start putting them to work for your coworking space. But you might be wondering: should you invest in social media ads or Google Ads? This article from the team at Spacefully explains everything you need to know to make the right investment.
👉 Read this.
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💻 Coworking technology.
🧇 Analytics co introduces tiny people sensor #
Density introduced a remarkably small (twice the height of a lego figurine), self-installable, affordable ($149 + $8 p/m) people sensor called Waffle, that when they ship in January are designed to accurately report live utilization of meeting rooms, flex spaces and phone booths.
👉 Read this.
📈 Coworking data.
📈 Global annual coworking trends survey reopens. #
Carsten Foertsch from Deskmag has launched the 2024 Coworking Trends survey. Don’t recognize their names? Well you should, they’ve been running annual surveys, and sharing the insightful results, for 15 years. This year’s 10-minute survey looks to capture unbiased, realistic results about what’s working for coworking operators, and what’s not.
Listen out on the TWIC Podcast for a few minutes summary of what trends this year is focussed on investigating, and why we, at TWIC, would selfishly love you (and all your colleagues) to take 10 mins of your day to share your responses.
👉 Read this.
🇺🇸 US coworking locations pass 7,500 milestone for the first time #
Numbers are in for CoworkingCafe‘s Q3 US coworking industry report for 2024. Looking at the 25 largest U.S. markets they share some interesting insights (that can be compared to Q2 results here).
Highlights include a surge in demand to 7,538 spaces (passing 7.5k for the first time, and up 7% from last Q). This growth also saw almost 5M sqft added in Q3, pushing total coverage to over 133.5M sqft (a 5% Q-o-Q jump). Nashville saw the largest growth, adding 22 spaces (or 24%), followed by Indianapolis and Philadelphia with gains of 12% and 9%, respectively. Nashville also recorded the largest coverage growth at 13%, reaching 2.09 M sqft by the end of Q3. San Francisco posted a 12% gain, now recording 3.62M sqft of coworking spaces.
Membership prices remained stable, with the national median for dedicated desks holding firm at $300/month. VO and open workspace rates increased slightly, by just $1, reaching $120/month and $150/month, respectively.
Regus, WeWork, Industrious, Spaces and HQ remained in the lead, with HQ continuing to significantly expand its portfolio by adding 10% more spaces nationwide in Q3, reaching 236 locations. Regus maintained its lead with 998 locations across the country after a slight 2% increase Q-o-Q.
👉 Read this.
🤝 Coworking market moves.
🇵🇷 Puerto Rican operator makes $2.5M bet on new Class A location #
Piloto 151 announced some exciting news that their newest location will be in one of the four Class A buildings in Puerto Rico. Located in a former bank branch, it also showcases a new variation of space offering called Private Wing, which is more oriented to multinationals looking for suites or private space on flex terms.
We caught up with founder Sofia Stolberg to chat about this new location as well as their recently opened Piloto 151 Venues concept. Make sure you subscribe to the TWIC podcast to catch this exclusive interview!
👉 Read this.
🇳🇿 WOTSO opens third NZ hub #
WOTSO FlexSpace has expanded its network in New Zealand, opening it’s third location in the island nation. The space is in partnership with Ngāti Whātua Ōrākei Whai Rawa, the commercial arm of the central Tāmaki tangata whenua and one of Auckland’s largest landowners. The space will take the ground floor space of an A-Grade building, and a part of Whai Rawa’s vision and revitalisation of the precinct.
WOTSO has been in the news a lot lately – to hear more from their CEO on where they’re headed, check out this exclusive chat with Jessie Glew, from your TWIC podcast.
👉 Read this.
🚊 Deutsche Bahn to close their coworking locations #
Deutsche Bahn has announced the closure of its coworking initiative by the end of 2024. Despite initially opening spaces in several major German train stations like Berlin and Hamburg, the service will be discontinued due to insufficient demand, and following large losses. The closure affects multiple locations across the country, marking the end of Deutsche Bahn’s venture into flexible workspaces at state-owned transport hubs.
We’re seeing a trend where coworking or flex workspace offerings are being bundled with work travel, such as the new partnership with Industrious and Delta Airlines. While DB’s spaces might have been overly designed, designing them prior to covid and then opening them in the height of the pandemic might have been too much to overcome to be profitable.
👉 Read this.
💰 Table Space targets $2.5 billion IPO in India #
Indian managed workspace provider Table Space is planning an IPO in 2025, targeting a valuation of $2.5 billion. The company, founded in 2017, operates over 60 locations and serves major corporate clients like Google and Apple. With strong demand for flexible office spaces in India, Table Space aims to double its real estate footprint within three years, despite challenges in the global coworking market. The company’s IPO follows the successful public debut of Awfis, another Indian workspace provider
The coworking market in India is one of the fastest growing in the world due to the continuation of offshoring by multinationals, though these spaces tend to be more oriented towards call centers (or GCCs) and open desk set ups, as opposed to the suites and meeting rooms popular across EMEA or North America.
👉 Read this.
🇺🇸 Mission Valley, San Diego getting a new flex space #
Candace Vanderbilt hints at the upcoming opening of Downtown Works‘ Mission Valley location. The space, set to open in November this year does offer on-site parking and 24/7 access alongside private offices, coworking space, meeting rooms and lounge areas.
👉 Read this.
🇬🇧 Fora introduces new location in London’s FiDi #
Fora officially introduced their new offering at Sixty London Wall, which features flex space, 17 meeting rooms, communal spaces, café, garden terrace, and on-site fitness studio with 12 classes a week.
👉 Read this.
🇬🇧 Manchester operator to open two new locations in 2025 #
COLONY, an operator in Manchester, UK, announces two new locations opening in 2025. This brings their network size to 8 locations across the city. The two new locations will be located in Spring Gardens and in the iconic DKNY building at 76 King Street. The former will take one floor, and the latter will start with 2 floors with an aim to take the remaining 2 floors in future phases.
👉 Read this.
🇸🇪 Swedish operator enters financial reconstruction #
CONVENDUM, a major coworking provider in Sweden, is entering a reconstruction phase due to financial strains caused by rising rental costs and other economic challenges. Seventeen of their twenty locations in Stockholm are affected, as the company seeks to navigate financial restructuring to stabilize its business.
👉 Read this.
💼 Portuguese operator adds business management services #
LACS, a flex space provider in Portugal, is expanding its offerings to provide more support for business management. Beyond flexible office spaces, LACS is focusing on helping companies streamline operations and enhance efficiency through tailored management solutions. This approach aims to foster growth for businesses by offering a range of services that go beyond typical coworking amenities, ensuring companies can thrive in an adaptable work environment.
We’re seeing more and more operators explore additional products and services that help drive more revenue per member than pure square footage.
👉 Read this.
🎙 Coworking conversations.
In early 2020, Convene faced near collapse, dropping from $200M in revenue and 1,000 employees to almost nothing. Five years later, under CEO Ryan Simonetti’s leadership, they’ve rebounded with 37 locations, hundreds of millions in revenue, and international expansion. Tune into this episode of the Not Another CEO podcast to learn more – in particular his belief in GRIT – genuine, relentless, integrity & teamwork.
Bernie Mitchell chats with Gareth Jones from TownSq about the opportunity of building careers within the coworking industry. The discussion highlights how coworking spaces aren’t just flexible work environments but also platforms for professional development. Insights are shared on how various roles within coworking—from community managers to operations—offer unique career paths, emphasizing the industry’s potential for long-term growth and professional fulfillment.
In this Caleb Parker Show episode, he is joined by Dr. Toby Benzecry, Founder & CEO of Workplace Futures Group to discuss company culture, the impact workplace energy has on some companies, the changing needs of office customers, and how office landlords and operators are evolving to support the changing landscape of demand.
Evan Preslopsky, Senior Sales Manager at Venture X and Office Evolution chats with Jamie Russo about his unique path from fitness to coworking sales on the Everything Coworking podcast.
