So yes, coworking giant WeWork filed for bankruptcy this month.
But that doesn’t mean the industry is dead — an
That leaves many looking for a space between the office and the spare bedroom that’s affordable, convenient, and customized.
And WeWork’s former competitors are ready to answer the call,
IWGsays 8m+ people use its 4k+ workspace locations globally, offering both individual coworking memberships and corporate office space. Industrioushas coworking spaces for individuals, small teams, and larger businesses around the world. Liquidspaceand Radiousare marketplaces for on-demand workspaces.
Plus, small coworking operations are springing up, promising more niche experiences.
Companies are learning from WeWork’s mistakes
While many WeWork locations were in busy downtown areas, today’s hybrid and remote workers are looking to minimize lengthy commutes by finding coworking space closer to their homes.
Pre-pandemic, 30% of the Industrious locations were outside of major business districts. Today, it’s 70%.
This means the future of coworking might look more suburban, with spaces increasingly springing up in residential areas — like your local coffee shop, but better.
And 40% of companies plan to increase their use of flexible work spaces, including coworking, according to a JLL
Coworking will look different, too
Tomorrow’s coworking spaces might
We’re not kidding: Radious says some of its most commonly booked listings are a 1970s Airstream and a yurt.
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