Building your dream home is our constant endeavor. 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 … WeWork's competitors are not worried about its IPO, but say market consolidation is coming regardless of what happens to the coworking giant. The company boasts 235 locations, most clustered in large urban markets like Los Angeles, Boston, Chicago, New York City, and the like. 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. WeWork, however, uses the term Space-as-a-Service. Some spaces are even industry-specific, including REth!nk's two locations that cater to real estate professionals. Now, WeWork is the primary tenant in a redevelopment project worth $300 million, which is co-owned by Boston … Launched: 1989. Competitor IGW has taken over office space WeWork vacated in Hong Kong, The South China Morning Post reports. 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. 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,…. As an alternative to the more traditional business … A REIT owns, manages, and leases real estate to tenants. Zipcar has a revenue of $278.9M, and 553 employees. WeWork Competitors. 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. 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. Hyperlocal options like TheHive44 and Alkaloid Networks offer single locations out of St. Louis and Atlanta, respectively. WeWork’s concentration in high-priced cities means it pays significantly more per square foot than IWG. WeWork Competitors. Regus is a major office real estate and coworking company headquartered in Luxembourg. Since it owns its buildings, Novel uses a different model than most of the other well-known coworking space companies. While they don’t offer the true shared space with a collaborative atmosphere that is synonymous with coworking, their strengths are elsewhere. The company focuses on sole proprietors, small businesses, and similarly-minded enterprises. See the full list at Craft. It was the original flexible space provider operating at a large, global scale. It also provides amenities like full-time reception and other ancillary services that are especially appealing for smaller organizations and entrepreneurs. WeWork Stock. 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. 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. Also, Novel offers affordable price points, so such benefits are available to a wide range of businesses. Top 11 Starbucks Competitors In 2021. Like Industrious, Convene emphasizes hospitality in their coworking spaces. Regus labels itself a legacy or heritage brand, and for good reason. The Chairman of Boston Properties Inc. made a tour to visit the New York City properties of WeWork and showed interest in investing in this brilliant venture. In fact, Novel’s pricing is up to 50% lower than some of its competitors. Although Venture X has locations across the country, most of its spaces are in Florida and Texas, with several additional sites currently in development. 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 … We use cookies to enhance your experience and measure audiences. In the US, 1,000 additional coworking locations opened in 2018 alone, with another estimated 700 in 2019. Also, because it appeals to more enterprise-level tenants, Convene offers a variety of cutting-edge technology with 24/7 tech support for clients. 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. Some of its most notable client companies include AT&T, Google, and Toshiba. The Competitors of Regus. 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. The company acquired Spaces in 2014 to be a direct competitor with WeWork, now operating 180 locations in 50 countries. "This is somewhat new to Boston… Although its locations are primarily in the Southwest, its growing footprint also includes Portland and Minneapolis with many other markets on the horizon. 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. At this point, probably everybody in the coworking world has heard of WeWork, and they are indeed worthy of the hype. It partners with landlords in what is essentially a profit-sharing relationship rather than leasing the space on their own. WeWork (File# CC356192) is a business registered with City of Boston, City Clerk. Not every coworking space is equal. 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. What is Regus? Headquarter: Saint Helier, Jersey. With over 3,000 global locations, Regus is the largest flexible space provider in the world. Looking beyond a national chain might be the option that suits you best. 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. The company focuses on one or two-person offices, mostly for professionals. But, while Boston certainly preserves and honors its history, it also has an eye on the future, as evidenced by its ever expanding skyline which now sees the city home to several corporate headquarters and government-owned facilities. Work Bar recently added to its downtown portfolio with a 17,600-square-foot lease at 24 School Street in Downtown Crossing and 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. Each of their sites features a contemporary, upscale design with an emphasis on business professionals for clients. 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. 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, … Awarded Interior Designer Company. Founded in 2010, it is headquartered in New York City. WeWork was founded in New York in 2010 and offers coworking spaces to entrepreneurs, startup companies, freelancers and larger enterprises. 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. In fact, Knotel was one of the first companies to provide large, flexible spaces that cater to enterprises with 50 employees or more. The company targets both coworking tenants as well as enterprises and is already making a name for itself with the agility it affords tenants. Save your community manager 41 hours each week—learn how The Yard did it with cloud-based access control. The company is the largest private office tenant in New York, with nearly 9 million square feet and over 100 locations in Manhattan alone. But Neumann’s leadership and loose corporate culture wasn’t all surfing in the Maldives, … 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. With over 3,000 locations spanning nearly 900 cities, Regus also boasts just under 9,000 employees, compared to WeWork's near-5,000. Required fields are marked *, 1900 Dartmouth Avenue Calling all data scientists: SMU study ranks Boston as a competitor to Silicon Valley. Union Cowork operates multiple locations across San Diego with one membership. The company rents its space to local businesses for one-off events as well. 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. WeWork was founded in the year 2010 and in just 8 years of its presence it … 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. WeWork's third-biggest market in the latest quarter was Boston, followed by Orange County, California, and Dallas/Ft. A danger for WeWork and IWG is that REITs such as Boston … Yifu is a content and digital marketing enthusiast, currently covering the latest trends and insights in the coworking industry. WeWork's third-biggest market in the latest quarter was Boston, followed by Orange County, California, and Dallas/Ft. Convene, which operates out of six U.S. cities, offers a high-gloss take on coworking spaces. WeWork is an American commercial real estate company that provides flexible shared workspaces for technology startups and services for other enterprises. Back … Founders: Mark Dixon. Prices vary depending on the locations, cities, current demand and plans, so prospective clients must submit a contact form to get a quote for each space. Reporters call the business co-working or space-sharing. Unlike WeWork, Regus allows users to rent office or coworking spaces by the day, as opposed to a flat monthly fee. As of 2018, WeWork … We transform buildings into beautiful, collaborative workspaces and provide infrastructure, se Businesses in a Serendipity Labs space usually want a modern environment with more privacy and security than what other coworking companies provide. 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 … Founded in Brussels, Belgium in 1989 and headquartered in Luxembourg, Regus is a major player in the industry. Like WeWork, many of their competitors are also actively expanding in the Boston market. WeWork coworking locations in Boston’s urban markets occupy roughly 1.1 million square feet or 41% of the total. WeWork is the platform for creators. Blue Apron Competitors In 2021. However, Studio is already a significant global coworking brand with locations in marquee markets like Beverly Hills, New York City, Chicago, and Washington, DC. For instance, amenities like a more secure IT infrastructure and frosted glass are common in a Serendipity Labs space. Founded in 2010, it is headquartered in New York City. The company is best known for offering private offices for one or two people. The WeWork business model is not totally a new one. 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. WeWork … The company primarily focuses on enterprise rather than individual freelancers or remote workers. 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. 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 is an American commercial real estate company that provides flexible shared workspaces for technology startups and services for other enterprises. WeWork was founded in New York in 2010 and offers coworking spaces to entrepreneurs, startup companies, freelancers and larger enterprises. The We Company is a platform for creators that transforms buildings into dynamic environments for creativity, focus, and collaboration. WeWork and Boston Properties compete for some of the same tenants. WeWork was founded in New York in 2010 and offers coworking spaces to entrepreneurs, startup companies, freelancers and larger enterprises. WeWork is headquartered in New York, NY and has 3 office locations across 3 countries. Rudin also filled 110 Wall Street with WeWork and its co-living offering, WeLive. Top 10 Nike Competitors In 2021. Photograph: Mandel Ngan/AFP/Getty Images. Competitor IWG uses the term … 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. 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. 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. Exploring WeWork's Biggest Competitors. WeWork Competitors Offer A Safer Business Model. Zipcar is headquartered in Boston, Massachusetts. The address is 1 Beacon St, Boston, MA 02108. After looking a little deeper, you'll find the perfect space. 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. We provide everything you need to make a life, not just a living. Each space is well-designed with a high-end look and feel. As of 2018, WeWork managed over 4 million square metres. 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. 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. The Largest Coworking Companies: WeWork & Top Competitors. What is WeWork? WeWork designs and builds physical and virtual shared spaces and office services for entrepreneurs and companies. What Is Coworking And What Are Coworking Spaces? Without a shadow of doubt, Regus is one of the biggest coworking chains, with about 2.5 million members worldwide. 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 … December 19, 2019; Ben Wright; Coworking, Coworking Space, WeWork; 1 Comment; The flexible office space industry is growing by leaps and bounds, averaging 23% annual growth since 2010. But like most industries, a small number of operators have separated from the field, distinguishing themselves in some way. In the US, 1,000 additional coworking locations opened in 2018 alone, with another estimated 700 in 2019. “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. While Studio doesn’t yet offer as many locations as others, its expansion is inevitable considering its ownership. Office Evolution is another rapidly growing coworking company with several new locations either currently under development or just opened. WeWork, which is a competitor to The Wing, is exploring a sale of its minority stake, Bloomberg reported last month. But WeWork is valued substantially higher than them not like a typical commercial real estate company but more like fast growing tech startup. Founded in 1989, Regus offers coworking spaces to entrepreneurs, startup companies, freelancers and even several larger entreprises. A WeWork co-working space in Washington DC. Industrious Office uses a different business model than most of the other large flexible space companies. It does, however, feature east coast and midwest locations as well as other regions of the Western United States. ISW has leased two spaces formerly used by WeWork in Hong Kong. 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. Flexible workplace opportunities allow businesses to evolve and thrive. Formerly known … 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. Your email address will not be published. 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. WeWork has experienced a series of unfortunate events over the course of a few months, and some competitors can’t help but be excited. 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. The building formerly known as the John Hancock Tower in Boston will soon be home to a new co-working space.. Rudin Management and Boston Properties, for example, have anchored their Brooklyn project Dock 72 with WeWork. Over 100 additional Serendipity Labs are currently in development across the United States. Exploring WeWork's Biggest Competitors. 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 . 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. 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 … The New York-based co-working giant will take another step toward becoming one of Boston’s largest users … CommonGrounds is a newer addition to the industry and is expanding rapidly. There are hundreds of WeWork competitors in many countries and some of them are giving serious competition. With competitors on all sides, the market offers plenty of alternatives to WeWork, including Regus, Impact Hub and other local options. Naturally, these companies are only the largest names in the extremely dynamic flexible workplace industry. WeWork's top competitors include Real Time Acquisition, IWG, LiquidSpace, CBRE Group and OpenDoor.io. Though comparatively smaller than WeWork and Regus, Impact Hub sets itself apart with a firm focus on community, both inside the office and beyond. WeWork just keeps expanding in Boston. Studio is the coworking brand for one of the largest commercial property owners in the world – Tishman Speyer. Like Breather, Knotel offers private flex office space, not coworking or shared space. 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. Studio also offers both flexible, shorter-term agreements as well as traditional leases. 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. 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. 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.