WeWork is the platform for creators. Each location is a locally-owned franchise that focuses on small and entrepreneurial teams. What is WeWork? WeWork, however, uses the term Space-as-a-Service. The company is best known for offering private offices for one or two people. Studio is the coworking brand for one of the largest commercial property owners in the world – Tishman Speyer. WeWork was founded in New York in 2010 and offers coworking spaces to entrepreneurs, startup companies, freelancers and larger enterprises. WeWork has experienced a series of unfortunate events over the course of a few months, and some competitors can’t help but be excited. Regus. Founded in 2010, it is headquartered in New York City. Top 10 Nike Competitors In 2021. Interestingly, WeWork actually has a 23% stake in The Wing, worth $59 million, but has reportedly been looking to offload this in a bid to raise funds. Although Breather doesn’t offer coworking space, it targets larger companies that have specific needs but still want to enjoy the benefits of flexible office space. WeWork Business Model. Zipcar has acquired 2 companies, with the most… Ikea Alternatives; Now Week Month. Save your community manager 41 hours each week—learn how The Yard did it with cloud-based access control. WeWork’s concentration in high-priced cities means it pays significantly more per square foot than IWG. The WeWork business model is not totally a new one. WeWork, which is a competitor to The Wing, is exploring a sale of its minority stake, Bloomberg reported last month. Photograph: Mandel Ngan/AFP/Getty Images. Like Industrious, Convene emphasizes hospitality in their coworking spaces. Over 100 additional Serendipity Labs are currently in development across the United States. With locations in cities like Baltimore, Boston, and Montreal, Impact Hub is a dedicated community of movers and shakers, meaning it's a little more social than some other coworking options. Rates of entrepreneurship in the US and Canada are among the highest in the developed…, Upsuite is proud to announce the launch of our newest coworking and flex office space…, Whether you're a large enterprise or a small one, a startup or a mature company,…. With competitors on all sides, the market offers plenty of alternatives to WeWork, including Regus, Impact Hub and other local options. Without a shadow of doubt, Regus is one of the biggest coworking chains, with about 2.5 million members worldwide. WeWork designs and builds physical and virtual shared spaces and office services for entrepreneurs and companies. Reporters call the business co-working or space-sharing. Competitor IGW has taken over office space WeWork vacated in Hong Kong, The South China Morning Post reports. Some spaces are even industry-specific, including REth!nk's two locations that cater to real estate professionals. But WeWork … Also, because it appeals to more enterprise-level tenants, Convene offers a variety of cutting-edge technology with 24/7 tech support for clients. The company boasts 235 locations, most clustered in large urban markets like Los Angeles, Boston, Chicago, New York City, and the like. What Is Coworking And What Are Coworking Spaces? As of 2018, WeWork managed over 4 million square metres. Breather specializes in private flex solutions, where a company can lease an entire floor of a building without the restrictive, lengthy, and often expensive terms of a traditional lease. There are hundreds of WeWork competitors in many countries and some of them are giving serious competition. While WeWork’s global network and size (workspaces in 400 buildings around 83 cities in 27 countries by the end of 2018) is formidable, it can face competition in each region it operates in … What is WeWork? This allows them to do more customization for their clients, whether that’s simply removing a wall or providing full, custom buildouts to suit a company’s specific needs. Some of WeWork’s fast-growing competitors have been raising money and expanding in big cities by persuading investors and clients how different they are from WeWork. For instance, amenities like a more secure IT infrastructure and frosted glass are common in a Serendipity Labs space. “WeWork was a competitor vying for space in Nashville, San Francisco, London and Boston but since filing their S-1, they’re no longer in the mix,” said Ryan Simonetti, CEO of New York-based Convene. WeWork … While Studio doesn’t yet offer as many locations as others, its expansion is inevitable considering its ownership. By clicking “accept”, you agree to this use. The company has been growing rapidly ever since, and today it is one of the largest coworking space chains in the world with more than 2,000 employees and 580 office locations across 100 cities worldwide. Work Bar recently added to its downtown portfolio with a 17,600-square-foot lease at 24 School Street in Downtown Crossing and In fact, Knotel was one of the first companies to provide large, flexible spaces that cater to enterprises with 50 employees or more. Also, Novel offers affordable price points, so such benefits are available to a wide range of businesses. WeWork is an American commercial real estate company that provides flexible shared workspaces for technology startups and services for other enterprises. WeWork is offering mammoth discounts to new tenants in New York, a move seen by some as undercutting the co-working market at a time of intense competition.. WeWork is offering a … Impact Hub, founded in central London in early 2005, is a global network of coworking spaces with over 100 locations. Our company found a perfect option – a private office in a combined space, where coworking areas and offices merge in one space for like-minded professionals to work together. Get flexible workspaces, agile services, and leading technologies to move your business forward. Each space is well-designed with a high-end look and feel. Boulder, Colorado 80305, Resources for Your Coronavirus Office Policy, Private Workspace for Enterprise Companies, Coworking Marketing, Sales, and Consulting Services, The Largest Coworking Companies: WeWork & Top Competitors, Find Coworking or Flex Office Space on Upsuite.com. WeWork's top competitors include Real Time Acquisition, IWG, LiquidSpace, CBRE Group and OpenDoor.io. Residential Design. There has been no talk of IPO plans for The Wing yet, but if it takes lessons from the failings of WeWork, then it could assert itself as a powerful niche-market leader. WeWork Competitors Are Dancing On Its Grave After Historic IPO Collapse The WeWork fairy tale has obviously come to an end for the time being, as the company was forced to pull its IPO … When coupled with the real-time, comprehensive search engine on our website, you’ll find coworking space that truly serves as a springboard for your organization and team. In fact, Novel’s pricing is up to 50% lower than some of its competitors. Hyperlocal options like TheHive44 and Alkaloid Networks offer single locations out of St. Louis and Atlanta, respectively. Users can rent office or coworking space by the day or use the typical monthly membership fees. WeWork’s Boston Office Spaces Whether you’re bootstrapping a new company or running an established team, Boston offers unbeatable business opportunities and access to fresh ideas from Harvard, … With our award winning team of design experts, we take immense care in creating the finest designs to give your home the look you desire. WeWork competes against * traditional commercial landlords and * small office service providers such as Regus WeWork positions itself as an innovator in the sharing economy and compares itself to Uber and LinkedIn. It was the original flexible space provider operating at a large, global scale. Zipcar is headquartered in Boston, Massachusetts. The Largest Coworking Companies: WeWork & Top Competitors. Worth, where it signed a lease covering two floors and 53,000 square … Launched: 1989. Office Evolution is another coworking space company that uses a franchise model, specializing in flexible private office space primarily in key suburban markets across the country. Top 11 Starbucks Competitors In 2021. Although Venture X has locations across the country, most of its spaces are in Florida and Texas, with several additional sites currently in development. Next, compared to public competitors (Boston Properties, Vornado, and Regus), WeWork’s revenue growth is outpacing the rest, by a dramatic amount Source: CBInsights Despite the fact WeWork is only raking in a fraction of the revenue that public competitors are getting and the numbers are contingent on them reaching $1 billion in revenue in 2017, they’re experiencing significant growth . A danger for WeWork and IWG is that REITs such as Boston … WeWork serves enterprises particularly well, so many larger organizations favor WeWork over other coworking space providers. Founded in 1989, Regus offers coworking spaces to entrepreneurs, startup companies, freelancers and even several larger entreprises. It does, however, feature east coast and midwest locations as well as other regions of the Western United States. Upsuite Launches Seattle Coworking and Flexible Office Marketplace, The 10 Types of Coworking Space Available Today, Teams will Find Workspace that Matches these Four Types Post-Coronavirus, 226 Coworking Space Closures in North America During 2020 – Upsuite Report, Four things Executives, Managers and Teams agree on to Find a Workspace, Why Enterprises are Finding Flexible Workspace to Replace their Traditional Office. It partners with landlords in what is essentially a profit-sharing relationship rather than leasing the space on their own. Naturally, these companies are only the largest names in the extremely dynamic flexible workplace industry. Top 12 Ebay Competitors In 2021. It specializes in hospitality-based amenities for users, including perks like free food and beverages. Blue Apron Competitors In 2021. Founders: Mark Dixon. The company acquired Spaces in 2014 to be a direct competitor with WeWork, now operating 180 locations in 50 countries. Although its locations are primarily in the Southwest, its growing footprint also includes Portland and Minneapolis with many other markets on the horizon. ... San Francisco, London and Boston … The company targets both coworking tenants as well as enterprises and is already making a name for itself with the agility it affords tenants. WeWork and Regus offer competing spaces from Manhattan to Portland, so the ultimate choice comes down to office culture, amenities and what you need from the space. The company transform buildings into beautiful, collaborative … While any freelancer, startup, or enterprise is bound to find a suitable fit in this list, it still only represents a portion of the overall marketplace. We transform buildings into beautiful, collaborative workspaces and provide infrastructure, se What is Regus? It’s one of the few coworking space providers that offers discounts to organizations with an impact mission, meaning those that aim for positive change in some regard. The company primarily focuses on enterprise rather than individual freelancers or remote workers. In the US, 1,000 additional coworking locations opened in 2018 alone, with another estimated 700 in 2019. The We Company is a platform for creators that transforms buildings into dynamic environments for creativity, focus, and collaboration. Impact Hub is a global coworking community comprised of, for the most part, locally franchised locations. WeWork's competitors are not worried about its IPO, but say market consolidation is coming regardless of what happens to the coworking giant. WeWork Competitors Are Dancing On Its Grave After Historic IPO Collapse The WeWork fairy tale has obviously come to an end for the time being, as the company was forced to pull its IPO amidst a chorus of skepticism and outright ridicule after … After looking a little deeper, you'll find the perfect space. Amazon, Liberty Mutual, and General Electric all rent space from WeWork in Boston, and real estate industry sources say that the shoemaker Puma is close to signing a deal to lease two … As an alternative to the more traditional business … The company rents its space to local businesses for one-off events as well. As of 2018, WeWork … The company isn't even a franchise — each location is operated by local entrepreneurs who aim to support new ideas and startups as they launch. WeWork Competitors. WeWork and Boston Properties compete for some of the same tenants. WeWork coworking locations in Boston’s urban markets occupy roughly 1.1 million square feet or 41% of the total. Intelligent Office is a large, franchise-owned flexible space company that caters to one and two-person private offices, much like Regus and Premier Workspaces. Exploring WeWork's Biggest Competitors. The Competitors of Regus. Back … The address is 1 Beacon St, Boston, MA 02108. WeWork designs and builds physical and virtual shared spaces and office services for entrepreneurs and companies. Your email address will not be published. It is perhaps the most recognizable coworking company in the world, but that doesn't mean it's the be-all and end-all of the coworking field. Its spaces feature a startup vibe and atmosphere, usually active, energized, and more youthful than some of the other companies. WeWork’s business model is so unusual it has several names. WeWork just keeps expanding in Boston. WeWork was founded in New York in 2010 and offers coworking spaces to entrepreneurs, startup companies, freelancers and larger enterprises. The flexible office space industry is growing by leaps and bounds, averaging 23% annual growth since 2010. Free access to our best guides, industry insights and more. Union Cowork operates multiple locations across San Diego with one membership. Zipcar has a revenue of $278.9M, and 553 employees. Zipcar has raised a total of $201.3M in funding. WeWork Stock. Your own needs are just as unique as the coworking options available to you, so take the time to research each one, especially if you prefer a strong sense of community or have a team you're bringing with you. But like most industries, a small number of operators have separated from the field, distinguishing themselves in some way. Each of their sites features a contemporary, upscale design with an emphasis on business professionals for clients. WeWork was founded in New York in 2010 and offers coworking spaces to entrepreneurs, startup companies, freelancers and larger enterprises. Formerly known … Office Evolution is another rapidly growing coworking company with several new locations either currently under development or just opened. Businesses in a Serendipity Labs space usually want a modern environment with more privacy and security than what other coworking companies provide. While there is an appeal to working in a space that's part of a multinational chain, many coworking spaces exist on a smaller scale. Not every coworking space is equal. In the US, 1,000 additional coworking locations opened in 2018 alone, with another estimated 700 in 2019. See the full list at Craft. The business certificate issue date is February 21, 2018. ISW has leased two spaces formerly used by WeWork in Hong Kong. The industry also refers to such space as Flex HQ, where a company like Knotel is able to build out space specifically for an enterprise’s culture and particular needs. At this point, probably everybody in the coworking world has heard of WeWork, and they are indeed worthy of the hype. WeWork … The building formerly known as the John Hancock Tower in Boston will soon be home to a new co-working space.. With over 3,000 global locations, Regus is the largest flexible space provider in the world. Convene, which operates out of six U.S. cities, offers a high-gloss take on coworking spaces. With over 3,000 locations spanning nearly 900 cities, Regus also boasts just under 9,000 employees, compared to WeWork's near-5,000. "This is somewhat new to Boston… Competitor IWG uses the term … WeWork is revolutionizing the way people and companies work. WeWork was founded in the year 2010 and in just 8 years of its presence it … Competitors; Team; Board Members; Service Providers; Signals; Investors; Lead Partners on Deals; Acquisitions; Subsidiaries; Exits ; The We Company Overview Update this profile Founded; 2010; Status; Private; Employees; 12,500; Latest Deal Type; Debt; Latest Deal Amount; $1.1B; Investors; 38; The We Company General Information Description. Required fields are marked *, 1900 Dartmouth Avenue Industrious Office uses a different business model than most of the other large flexible space companies. The company is the largest private office tenant in New York, with nearly 9 million square feet and over 100 locations in Manhattan alone. Like Breather, Knotel offers private flex office space, not coworking or shared space. New Boston Mayor Martin J. Walsh chose the new WeWork as the location for one of his first public speeches after taking office. Like WeWork, many of their competitors are also actively expanding in the Boston market. Serendipity Labs provides modern, flexible space that’s specifically aimed at enterprises. Yifu is a content and digital marketing enthusiast, currently covering the latest trends and insights in the coworking industry. Boston Properties is a real estate investment trust (REIT). CommonGrounds can quickly configure a space to fit the particular needs and vision of a business, making it one of the more flexible options in an already flexible industry. CommonGrounds is a newer addition to the industry and is expanding rapidly. Studio also offers both flexible, shorter-term agreements as well as traditional leases. WeWork is an American commercial real estate company that provides flexible shared workspaces for technology startups and services for other enterprises. But WeWork is valued substantially higher than them not like a typical commercial real estate company but more like fast growing tech startup. Exploring WeWork's Biggest Competitors. As you’ll see, even after narrowing the list to 14 of the largest coworking companies, businesses still have a tremendous variety to choose from. Along with open, flexible space for freelancers, tech startups, remote workers, and small businesses, Impact Hub also hosts community events at each of its locations to foster camaraderie and collaboration amongst its different tenants. The company acquired Spaces in 2014 to be a direct competitor with WeWork, now operating 180 locations in 50 countries. Headquarter: Saint Helier, Jersey. Rudin also filled 110 Wall Street with WeWork and its co-living offering, WeLive. Flexible workplace opportunities allow businesses to evolve and thrive. We use cookies to enhance your experience and measure audiences. WeWork is revolutionising the way people and companies work. However, Studio is already a significant global coworking brand with locations in marquee markets like Beverly Hills, New York City, Chicago, and Washington, DC. Rudin Management and Boston Properties, for example, have anchored their Brooklyn project Dock 72 with WeWork. Though comparatively smaller than WeWork and Regus, Impact Hub sets itself apart with a firm focus on community, both inside the office and beyond. Now, WeWork is the primary tenant in a redevelopment project worth $300 million, which is co-owned by Boston … While they don’t offer the true shared space with a collaborative atmosphere that is synonymous with coworking, their strengths are elsewhere. For perspective, WeWork’s closest competitor, IWG, reported EBITDA margins of 15% for 1H’19 while WeWork reported (-37%) margins for adjusted EBITDA excluding non-cash lease costs for 2Q’19. As an alternative to the more traditional business environments found in Regus sites, Spaces specializes in the larger, open, shared space that many people associate with the coworking industry. WeWork's rapid sprawl has been most strongly felt in Back Bay and the Financial District, said Nancy Muscatello, a managing consultant with CoStar Group (Nasdaq: CSGP) in Boston. Some of its most notable client companies include AT&T, Google, and Toshiba. Since it started as an event space company, Convene offers several unique amenities, including high quality, nearly professional level kitchens in their locations as well as executive chefs that work with local food suppliers and farms. It’s a very professionally run organization that focuses on flexible office space for enterprises, although it does offer a full spectrum of solutions that range from private suites to open seating. WeWork's third-biggest market in the latest quarter was Boston, followed by Orange County, California, and Dallas/Ft. Calling all data scientists: SMU study ranks Boston as a competitor to Silicon Valley. However, although Spaces caters to freelancers, entrepreneurs, and small businesses looking for an innovative and collaborative environment, it’s also a good fit for enterprises looking for those same traits in a workspace. The company focuses on one or two-person offices, mostly for professionals. Knotel is also one of the fastest growing companies in the space, tripling its global footprint in 2018, now offering more than 2 million sq ft of private flex space to midmarket enterprises, with over 170 locations. Companies like Radius, Boston properties and Vornado are at the same time older and have more location and are present in more countries than WeWork. Spaces is owned by the same company as Regus – IWG. In addition to insights we’ve provided on choosing the ideal coworking space for your enterprise, we wanted to take a closer look at some of the biggest names in the industry. The New York-based co-working giant will take another step toward becoming one of Boston’s largest users … It also provides amenities like full-time reception and other ancillary services that are especially appealing for smaller organizations and entrepreneurs. But WeWork's competitors remain bullish on coworking regardless of what happens to the mega-competitor or whether its initial public offering creates negative or positive buzz. Berrent hasn’t attended a board meeting of … Some notable clients include companies like Google, Toshiba and AT&T. The WeWork business model is not totally a new one. Those ancillary services range from accounting and order processing to business development and scheduling, making Intelligent Office a popular choice for smaller businesses that need operations support along with flexible workspace. Founded in 2010, it is headquartered in New York City. Founded in Brussels, Belgium in 1989 and headquartered in Luxembourg, Regus is a major player in the industry. We recommend using our downloadable guide, How to Choose Coworking Office Space: Find the Right Location & Terms For Your Budget, for additional, unbiased insights on your search for flex office space. WeWork Competitors Offer A Safer Business Model. Since it owns its buildings, Novel uses a different model than most of the other well-known coworking space companies. The evolution of WeWork and the rise of market competitors is paralleled in the saga of Uber vs. Lyft (and in China, DiDi), or Airbnb vs. HomeAway. Founded in 2010 in New York City, the coworking provider already has over 600 locations in cities across the globe and is only showing signs of more growth. WeWork is headquartered in New York, NY and has 3 office locations across 3 countries. A WeWork co-working space in Washington DC. Regus is a major office real estate and coworking company headquartered in Luxembourg. WeWork Chief Executive Sandeep Mathrani said Wednesday the co-working firm is "completely on track" to reach profitability by the fourth quarter of this year, and its office spaces in China have nearly bounced back to pre-pandemic levels. Unlike WeWork, Regus allows users to rent office or coworking spaces by the day, as opposed to a flat monthly fee. Knotel customizes spaces for each of its clients. Massive resources thrown behind these incumbent vs. challenger battles spur market maturation, and furthermore indicate the importance each of these verticals will have for society going forward. A study out of Southern Methodist University compared data science opportunities across U.S. tech hubs and found that Silicon Valley isn’t the only place for workers in that field. WeWork’s competitors say they are gathering steam, and multiple landlords — including Durst Organization, Tishman Speyer and Boston Properties — have all beefed up their own flex offerings. Companies like Radius, Boston properties and Vornado are at the same time older and have more location and are present in more countries than WeWork. Regus labels itself a legacy or heritage brand, and for good reason. Awarded Interior Designer Company. , their strengths are elsewhere company headquartered in new York in 2010, it is in. Than IWG the location for one or two-person offices, mostly for professionals and Toshiba business issue. Organizations and entrepreneurs usually want a modern environment with more privacy and than... 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