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✊ Coworking impact.
🌱 Flex spaces create 158% less emissions #
Incendium Consulting share that upon analyzing data from 100 flex and traditionally leased spaces, that there’s almost a 3x difference in carbon intensity at the current occupancy levels.
“The research found that flexible workspace has average emissions of 11 units of CO2e per m2 compared to 49 units of CO2e per m2 in traditional leased offices. When looking at the average emissions per occupant, flexible space averages at 863 units. This compares to traditional offices with 2,779 units caused per unused desk and space that no longer works efficiently in a hybrid working environment.”
👉 Read this.
Coworking news & views.
🇯🇵 Architect introduces experimental coworking spaces throughout Japan #
Kango Kuma has introduced KuMo Offices (Kuma Mobile Offices) as a selection of experimental coworking spaces across the country. The wooden satellite workspaces are constructed out of wood and earthquake-resistant wall, and a pilot location is opening at KAGU House in Asahikawa, Hokkaido.
👉 Read this.
🇬🇧 New affordable workspace launches for Shoreditch & Hoxton businesses #
Jennifer Underwood shares that Plexal Shoreditch is opening in partnership with Hackney Council. The space will offer £15 p/day PAYG access and a business accelerator program. Plexal (best known for running the Here East campus in Queen Elizabeth Olympic Park) was tapped to run the space after a competitive evaluation process.
👉 Read this.
💡 Why two hybrid-working colleagues go to their respective coworking hubs #
Matt Giffune shares why he and his colleague Andrew Flint commute to their hybrid offices at WeWork and Industrious respectively.
“Free coffee is one way to get me back into the office. Others are proximity to the gym, a sub-20 minute walking commute, and seeing my team.”
👉 Read this.
🎳 10 key takeaways from CoreNet global summit #
Kayley DiCicco shares her 10 takeaways from the recent conference in Chicago. They’re all worth reading, but the one that def caught my eye was “AI (artificial intelligence) + HI (human intelligence) will work hand in hand. Need both for technology to flourish. Technology and data are driving future real estate decisions.”
👉 Read this.
🎯 Local operator gets featured by regional convention & visitors bureau #
Alora Daunt shared that The Pearl Works was recently featured by the Monterey County Convention & Visitors Bureau. It’s a great reminder of the kinds of organizations you can partner with as a coworking operator to get the word out to local prospective customers and visitors.
👉 Read this.
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💻 Coworking technology.
Coworking data.
Coworking market moves.
💰 Group makes £1.5B offer for merged digital offering #
Sky News shared that CVC Capital Partners, which owns a stake in Six Nations Rugby, has approached IWG about “a potential carve-out of The Instant Group”. The article does refer to Instant as ‘the digital arm of IWG’ which is now how it was reported by either party when I first shared the news of the merger of digital assets + £320M investment back in week 10, 2022.
The piece does share that Tim Rodber, The Instant Group’s chief executive, had been marketing the business to a number of private equity firms in recent weeks following a string of unsolicited approaches. It also notes that Wells Fargo are advising IWG on the deal.
👉 Read this.
🇦🇺 Melbourne uni partners to launch coworking space #
Tashi Dorjee shares the JLL flex have been brought in to setup and run the University of Melbourne’s coworking space called Melbourne Connect.
👉 Read this.
🗼 US-operator teases their largest coworking in the world, in Paris #
Welkin and Meraki share that Industrious are coming to Paris in 2023 to open their largest coworking space in the world.
👉 Read this.
🇮🇳 Leading Indian operator may aim for IPO in late 2023 #
Mint share that Awfis are mulling a 2023 IPO. This follows Awfis having 150 centres across 17 cities, offering about 90,000 desks at a price range of ₹7,000-20,000 per month.
Fascinating to see their numbers. “Our revenue grew to ₹280 crore in last financial year from ₹220 crore in previous fiscal year. This financial year, we are targeting around ₹600 crore (≈$73.6M) revenue,” CEO Amit Ramani said, highlighting that the firm has already achieved a monthly run rate of ₹500 crore in revenue.
👉 Read this.
☕️ Operator and local coffee shop partner up #
Ben Von Drehle shares that The Root coworking space has partnered up with local Tulsa coffee shop, Notion Espresso to create Notion Market Café. As more operators explore ways to activate space, and provide F&B offerings, I’m expecting to see more and more hyperlocal partnerships like this.
👉 Read this.