Spaces is owned by the same company as Regus – IWG. We use cookies to enhance your experience and measure audiences. WeWork was founded in New York in 2010 and offers coworking spaces to entrepreneurs, startup companies, freelancers and larger enterprises. Building your dream home is our constant endeavor. The company boasts 235 locations, most clustered in large urban markets like Los Angeles, Boston, Chicago, New York City, and the like. 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 is a major office real estate and coworking company headquartered in Luxembourg. WeWork … Although its locations are primarily in the Southwest, its growing footprint also includes Portland and Minneapolis with many other markets on the horizon. While Studio doesn’t yet offer as many locations as others, its expansion is inevitable considering its ownership. 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 … With over 3,000 global locations, Regus is the largest flexible space provider in the world. Boston Properties is a real estate investment trust (REIT). WeWork is the platform for creators. In fact, Novel’s pricing is up to 50% lower than some of its competitors. 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. 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 is revolutionizing the way people and companies work. Your email address will not be published. Union Cowork operates multiple locations across San Diego with one membership. 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. Over 100 additional Serendipity Labs are currently in development across the United States. Serendipity Labs provides modern, flexible space that’s specifically aimed at enterprises. 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. Hyperlocal options like TheHive44 and Alkaloid Networks offer single locations out of St. Louis and Atlanta, respectively. 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. The company acquired Spaces in 2014 to be a direct competitor with WeWork, now operating 180 locations in 50 countries. Like Breather, Knotel offers private flex office space, not coworking or shared space. 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. 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. Back … 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. As an alternative to the more traditional business … For instance, amenities like a more secure IT infrastructure and frosted glass are common in a Serendipity Labs space. 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. 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. 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. Reporters call the business co-working or space-sharing. WeWork serves enterprises particularly well, so many larger organizations favor WeWork over other coworking space providers. 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 is the largest private office tenant in New York, with nearly 9 million square feet and over 100 locations in Manhattan alone. WeWork is an American commercial real estate company that provides flexible shared workspaces for technology startups and services for other enterprises. Residential Design. Office Evolution is another rapidly growing coworking company with several new locations either currently under development or just opened. It does, however, feature east coast and midwest locations as well as other regions of the Western United States. 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. Exploring WeWork's Biggest Competitors. Founders: Mark Dixon. 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. WeWork just keeps expanding in Boston. Unlike WeWork, Regus allows users to rent office or coworking spaces by the day, as opposed to a flat monthly fee. Photograph: Mandel Ngan/AFP/Getty Images. 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. 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 … The WeWork business model is not totally a new one. A danger for WeWork and IWG is that REITs such as Boston … WeWork is the best known of the flexible office space companies and has the second most locations behind Regus. Like Industrious, Convene emphasizes hospitality in their coworking spaces. WeWork Competitors Offer A Safer Business Model. 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 … WeWork Competitors. Formerly known … 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. 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. The We Company is a platform for creators that transforms buildings into dynamic environments for creativity, focus, and collaboration. WeWork's third-biggest market in the latest quarter was Boston, followed by Orange County, California, and Dallas/Ft. WeWork, however, uses the term Space-as-a-Service. The address is 1 Beacon St, Boston, MA 02108. The company transform buildings into beautiful, collaborative … Regus labels itself a legacy or heritage brand, and for good reason. Studio is the coworking brand for one of the largest commercial property owners in the world – Tishman Speyer. 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 … Impact Hub is a global coworking community comprised of, for the most part, locally franchised locations. Now, WeWork is the primary tenant in a redevelopment project worth $300 million, which is co-owned by Boston … Zipcar is headquartered in Boston, Massachusetts. Rudin Management and Boston Properties, for example, have anchored their Brooklyn project Dock 72 with WeWork. With competitors on all sides, the market offers plenty of alternatives to WeWork, including Regus, Impact Hub and other local options. It specializes in hospitality-based amenities for users, including perks like free food and beverages. WeWork designs and builds physical and virtual shared spaces and office services for entrepreneurs and companies. Top 12 Ebay Competitors In 2021. 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. 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 rents its space to local businesses for one-off events as well. WeWork is revolutionising the way people and companies work. Work Bar recently added to its downtown portfolio with a 17,600-square-foot lease at 24 School Street in Downtown Crossing and Regus. It was the original flexible space provider operating at a large, global scale. What is WeWork? 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 … 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. Exploring WeWork's Biggest Competitors. It partners with landlords in what is essentially a profit-sharing relationship rather than leasing the space on their own. Zipcar has a revenue of $278.9M, and 553 employees. 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's competitors are not worried about its IPO, but say market consolidation is coming regardless of what happens to the coworking giant. What is Regus? The company primarily focuses on enterprise rather than individual freelancers or remote workers. Zipcar has raised a total of $201.3M in funding. 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. We provide everything you need to make a life, not just a living. New Boston Mayor Martin J. Walsh chose the new WeWork as the location for one of his first public speeches after taking office. 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 was founded in New York in 2010 and offers coworking spaces to entrepreneurs, startup companies, freelancers and larger enterprises. WeWork Business Model. Though comparatively smaller than WeWork and Regus, Impact Hub sets itself apart with a firm focus on community, both inside the office and beyond. Get flexible workspaces, agile services, and leading technologies to move your business forward. A REIT owns, manages, and leases real estate to tenants. Founded in 1989, Regus offers coworking spaces to entrepreneurs, startup companies, freelancers and even several larger entreprises. But WeWork is valued substantially higher than them not like a typical commercial real estate company but more like fast growing tech startup. By clicking “accept”, you agree to this use. It also provides amenities like full-time reception and other ancillary services that are especially appealing for smaller organizations and entrepreneurs. 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. 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 business model is so unusual it has several names. As of 2018, WeWork … Naturally, these companies are only the largest names in the extremely dynamic flexible workplace industry. The company focuses on one or two-person offices, mostly for professionals. Blue Apron Competitors In 2021. The flexible office space industry is growing by leaps and bounds, averaging 23% annual growth since 2010. While they don’t offer the true shared space with a collaborative atmosphere that is synonymous with coworking, their strengths are elsewhere. WeWork Stock. Primarily located in and around Los Angeles, the bulk of Premier Workspaces’ footprint is in Southern California. WeWork … WeWork has experienced a series of unfortunate events over the course of a few months, and some competitors can’t help but be excited. However, Studio is already a significant global coworking brand with locations in marquee markets like Beverly Hills, New York City, Chicago, and Washington, DC. Businesses in a Serendipity Labs space usually want a modern environment with more privacy and security than what other coworking companies provide. “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. Worth, where it signed a lease covering two floors and 53,000 square … Yifu is a content and digital marketing enthusiast, currently covering the latest trends and insights in the coworking industry. Since it owns its buildings, Novel uses a different model than most of the other well-known coworking space companies. We transform buildings into beautiful, collaborative workspaces and provide infrastructure, se 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. 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. Competitor IWG uses the term … "This is somewhat new to Boston… In the US, 1,000 additional coworking locations opened in 2018 alone, with another estimated 700 in 2019. The business certificate issue date is February 21, 2018. 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. Top 11 Starbucks Competitors In 2021. 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