Coworking Europe’s Post

French coworking operator Work & Share will open its 10th location in Paris, this summer, demonstrating there is room for independent players in hyper-competitive flexible workspace markets such as the French capital city. The new Work & Share location will be sheltered in a 6.000 m2 building, currently going through a renovation, in partnership with Real Estate group COFIPARIS. Launched in 2016, Work & Share managed to dig its place despite a lot of warnings. "We were told things such as : There is no market for coworking nor in the SME's segment, nor in the Paris suburb", remembers today, in a LinkedIn post, Matthieu Russel, co-founder and CEO of the Coworking operator, who says they proved these warnings wrong. According to Work & Share's co-founder, the Paris coworking market is nowadays driven, a.o., by the following elements : "👉 The economic equation of coworking in Paris intra muros is difficult. Many operators are losing their teeth. 👉 Many players are seeking to move towards an asset light development approach. 👉 Coworking has become part of the customs of all companies. 👉 The sector has become more fragmented. A certain number of challengers have done well in recent years and particularly since the post-covid era." https://lnkd.in/eyGkXX5Z cc Eugénie Faucon Stanislas Frering Edouard Bardon Philippe Morel Arnaud AZRAK Méline Ducru Emma PEREIRA Marine Girard Nejma Hadef

Spain's Cloudworks | Coworking & flexible offices revenues in 2023 grew by 24% to 10,3 Mio € Cloudworks, launched in 2015 by entrepreneur Sergi Tarragona Fenosa, counts nowadays a community of 2,900 professionals and 14 locations distributed between Barcelona and Madrid. “The office market is changing and many companies find themselves needing to make improvements to their workspaces to attract employees back to in-person work,” says the company's CEO. Cloudworks has now 50 people in total on its payroll.  In 2022, the company expanded its Paseo de Gracia center in Barcelona, a space that occupies five floors and a total of 4,000 square meters of offer for coworking and serviced offices .  Forecasts for 2024 are positive has Cloudworks expects to reach 12 Mio € revenues in 2024. The coworking operators plans to open new locations. It total, it should operate more than 30.000 m2 of space. Claudia Bombardo Verónica González Jöhnk Marta Gràcia Vilar Cristina Quílez Sara Berdón

What measures do you take to promote inclusion and diversity in your coworking space to ensure equal opportunities for all your members? These points will be part of our London Coworking Assembly Panels Workspace Design Show London next week! To some people "Diversity & Inclusion" seems to be: "WTF are we STILL talking about that?" 🥱 But it's so important. We have to keep talking and learning about it! We have to keep taking action around it. Today, there is a massive economic divide in London, the coworking context I'm most familiar with. Most of the airtime for “London coworking” is still directed at privileged individuals identifying as "entrepreneurs, innovators and startups with high growth potential." 🔎Type “coworking space London” into Google and see who comes up. 🔎 Then search for the “best coworking spaces in London” blogs and see the same shiny places. Yet MILLIONS of people can't afford a desk or coworking space in London. 🔽The estimated number of Londoners living in poverty for 2019/20–2021/22 was 2.2 million = 25% of the population. (Source - Poverty in London 2021/22 March 2023 Mayor of London - https://lnkd.in/dGUgCcYe) 🔭When you look at inclusion and diversity through a lens of economic exclusion, you see another reality for people. The affordable workplace scheme in London ensures people have somewhere to work that is within their budget. Supporting local businesses and local residents is the most effective way to boost all our local economies and communities. BTW - The answer is not “free coworking space for poor people!” It is listening and collaboration at a local level. Many London coworking spaces operate as commercial businesses and strive to support local residents by collaborating with the local London authority. Examples are: Creative Works Space E17 Impact Brixton Oru - East Dulwich and Sutton Patch Hatch Hubs Three Sixty Workrooms ARC Club XCHG Spaces @ 22 Bishopsgate TownSq Islington ➡️Practical reading around this topic: 📚What if everyone was an entrepreneur? By TownSq (2020) https://lnkd.in/dbwShwBS 📚Impact & Social Value in Islington's Affordable Workspaces April 2020 - April 2022 By Islington Council - https://lnkd.in/dQBZvXKG 📚The 10k Independents Project By Opeola Bukola and team https://10k.city/ 📚The Abundant Community Awakening the Power of Families and Neighborhoods By: @John McKnight, Peter Block 📚Rebuild How To Do Business Better By: Mary Portas 📚Feminist City: A Field Guide By: Leslie Kern 📚Startup Communities Building an Entrepreneurial Ecosystem in Your City, 2nd Edition By: Brad Feld Have a remarkable day. Be careful out there. It is a jungle. #coworking #coworkinglondon #ukcoworking #15minutecity #coworkingspace #coworkingcommunity #betterthings #inclusion #diversity #accessibility #equity

Swedish coworking operator IOFFICE Business center's revenues grew by 86% in 2023, year on year, reaching € 18.1 Mio. IOffice operates nine facilities in Stockholm and Gothenburg, covering a cumulated surface of 28.000 m2.  "Property owners understand better the business model and therefore give us the confidence to operate in their properties, comments Homan T., CEO of IOffice. More and more companies also understand the advantages of having a coworking office. We see that even large companies use us to a greater extent as a complement to their fixed offices. It is a trend break for our entire industry." Demand for flexible offices is increasing, confirms the Swedish broker yta.se, with a 20% growth the number of square meters rented by coworking operators. IOffice will soon open another 5.700 m2 big location in Stockholm, spread over seven floors.  cc Nima Tehrani Karoline Duran Payman Tehrani Lotta Sollén Zara Doulati Julia Axelsson Magnus Sjöbäck Daniel Olsson Tim Andersson

#Day18 #Commercialrealestatenews - Bengaluru-headquartered co-working office space provider, Bhive workspaces is aiming to launch its initial public offering (IPO) in the next 2 years by 2026 - According to company founder and CEO, Shesh Rao Paplikar, active work will to launch an IPO in 2026 may commence once the brand crosses Rs.500 crore-milestone in revenue. - Currently the company is in plans to raise funds through various family offices for property expansion. - They are on the lookout for an additional 2 lakh sq ft space in Mumbai. - Bhive workspaces typically signup properties in the range of 50,000 sq ft - 150,000 sq ft - Overall the coworking brand aims to add 1 million sq ft to its total footprint in the ongoing financial year of which around 7-8lakh sq ft would be in company's home base Bengaluru. - In terms of topline, the brand is eyeing over 75% growth to Rs.300 crore in the FY2024-25. - In the last fiscal, BHIVE workspaces clocked Rs.170 crore in total revenue alongside a net profit of Rs.7 crore. - Source HindustanTimes.com #Commercialrealestate #CRE #Commercialoffices #Commercialspaces #Officespaces #Coworking #coworkingspaces #managedspaces #managedoffice #managedcoworking #flexibleworking #flexibleoffices #flexispaces #coworkingplatform #coworkjunction #BHIVE #Bengaluru #Mumbai

A new study by CoworkingCafe revealed suburban areas accounted for 45% of the total #coworking spaces in the U.S., marking a 1% increase from 2023. - Which suburbs had the most number of #flex spaces? Learn more: https://lnkd.in/eaG9zJKp - - #coworkingspaces #flexoffices #suburbs #flexibleworkspace

𝐓𝐨 𝐭𝐡𝐢𝐧𝐤 𝐟𝐢𝐯𝐞 𝐲𝐞𝐚𝐫𝐬 𝐛𝐚𝐜𝐤 𝐩𝐞𝐨𝐩𝐥𝐞 𝐝𝐨𝐮𝐛𝐭𝐞𝐝 𝐢𝐟 𝐭𝐡𝐢𝐬 𝐰𝐚𝐬 𝐚 𝐜𝐚𝐭𝐞𝐠𝐨𝐫𝐲 𝐨𝐫 𝐚 𝐟𝐚𝐝!💪 Insightful report on the growth of #coworking industry Q4 2023 by CoworkingCafe Top trends: 1. NJ had the highest inventory increase with 13 more openings. 2. The national median rate for virtual offices in Q4 was $119. 3. The national median rate for open workspaces remained the same in Q4 as it was in Q3 at precisely $149 per month. 4. Dedicated desks went down in price from a national median of $329 in Q3 to $322 at the end of Q4. 5. LA surpassed Manhattan with the highest number of coworking spaces. 6. In Q4, industry giants Regus, WeWork, Industrious and Spaces. offices | co-working | meeting rooms. held onto their leading positions by checking the highest number of coworking spaces. #commercialrealestate #coworking #usrealestate https://lnkd.in/gn5-da5H

Spanish Coworking brand Monday Working Spaces by Urbania expands its international footprint further with a first opening in Lisbon, Portugal. Monday coworking, one of Spain leading coworking operates, supervises nowadays a network of 10 locations in Spain (Madrid, Barcelona and Malaga) plus one space in Andorra. The new Portuguese location will be the biggest within the Monday network, with a surface area of 4,500 m2, spread over 11 floors, with a capacity of 600 users. The building is owned by the company Zurich. The opening is scheduled for the third quarter of 2024. The new space will accommodate independent professionals as well as large teams.  "Monday brings a model based on office spaces open 7/24/365, which combine work with a leisure offer”, according to Xavi Bassons, CEO of the company. Monday plans to add two new spaces in Spain and expand its network to 13 centers. It will bring the company to a total capacity of 35.000 m2 and more than 5,000 coworkers. Monday plans to increase its revenues by 25% over the year, from €12 million made last year. Monday is owned by Urbania, real estate development firm which also operates student accommodation and senior communities projects. cc Ivan Vega Marina Lecina Casals Fermin Atero Moreno Kevin Estiz Sonia García Serrano Mariassunta di Biasio Maisé Villafranca Garreta Mayara Novais Amanda Silvestre de Freitas

Those exploring coworking options might just find that the best place for their next big idea is just around the suburban corner! 🏢There are more #coworking spaces in the suburbs compared to 2023. The nationwide uptick of 1% indicates a growing preference for coworking in suburbia. Notably, five metropolitan areas now boast more flex spaces in the suburbs than in urban centers. 🏘️Why consider #suburban coworking? Here are a few compelling reasons: 1. Cost-Effective: Lower overhead costs compared to city centers. 2. Commute: Reduced travel time, giving you more hours in your day. 3. Community: Access to local networking opportunities and a supportive community vibe. 4. Space: More room to breathe, think, and innovate. 👉Check out the full list and see which suburb might be your next workspace: https://lnkd.in/gu_fy3xT