The ‘gig economy’ continues to drive London’s thriving flexible workplace sector which accounted for 8.8 percent of total office take-up in 2016, according to a new study from Cushman & Wakefield. The report claims that the pace of development will continue for the foreseeable future, not least because of the number of corporate occupiers taking on coworking space. Flexible office space accounted for more than 4.5m sq ft of take up in London over the past five years as the capital has cemented its place as the leading global market for coworking, according to the research. In 2016, flexible office take-up amounted to 842,888 sq ft across Central London, representing 8.8 percent of total take-up – slightly above the five-year average of 8.4 percent.
Office Landlords Leverage Co-Working Style Designs to Retain Tenants
Inspired by Millennials, the collaborative office design is now popular across most industries and age groups. Office building landlords are now outfitting lobbies with amenities and creating indoor and outdoor spaces where building occupants can work, socialize and meet with each other or clients.
Office landlords are capitalizing on a concept originally conceived by co-working operators like WeWork, according to JLL National Research Director Julia Georgules. “The bottom line for employers occupying creative office space is they want to attract talent,” she says. But for landlords, enhancing common areas is becoming important to sustaining occupancy levels.
A 2016 Workplace Innovation Survey, administered by architecture and planning firm Gensler, revealed that the most innovative workers are twice as likely to have a choice about where and when they work and are twice as likely to use amenities such as cafeterias, coffee shops, outdoor spaces, gyms, restaurants and childcare facilities, according to Gensler architect Maria Martinico. She notes that landlords are improving office building lobbies with soft seating, wine and coffee bars and trying to create environments that provide an experience.
L.A.’s La Kretz Innovation Campus in is a one-stop shop for cleantech development
The La Kretz Innovation Campus (LKIC), designed by John Friedman Alice Kimm Architects (JFAK), is a new business incubation center in Los Angeles developed by the Department of Water and Power (LADWP), the Community Redevelopment Agency of the City of Los Angeles, and Los Angeles Cleantech Incubator (LACI), a nonprofit tasked to transform the city into a green-collar hub.
The 61,000-square-foot “sustainability factory” is located in a collection of single-story, masonry-and-bow-truss warehouses from 1923 in L.A.’s Arts District. The neighborhood, home to the Southern California Institute of Architecture and a growing number of creative industries, is well-suited to benefit from a “Cleantech Corridor” specifically zoned to support the green economy-related development now running through it.
How Co-Working is Transforming Cities
In the last 10 years, we have experienced one of the biggest changes in the work market: the rise of co-working spaces. Between 2005 and today, it grew from just 1 in San Francisco to 7,800 co-working spaces across the globe. In a year from now, predictions forecast 37 000 co-working spaces worldwide gathering more than 2 million people.
If we do the calculation correctly, it means 29,200 co-working spaces will be created between 2017 and 2018. This means that 40 new co-working spaces will come to life every day until the end of 2018. The given numbers emphasize how popular this type of work environment has become, bringing a transformation to the work market which many people want to experience in every city.
A coworkation retreat is the new way to relax, collaborate, and get sh*t done
When Henry David Thoreau abandoned city life, he did so with a purpose. Writing in Walden, “I went to the woods because I wished to live deliberately, to front only the essential facts of life, and see if I could not learn what it had to teach, and not, when I came to die, discover that I had not lived…I wanted to live deep and suck out all the marrow of life, to live so sturdily and Spartan-like as to put to rout all that was not life, to cut a broad swath and shave close, to drive life into a corner, and reduce it to its lowest terms…”
And that was before the introduction of cell phones and e-mail accounts.
So, in the modern era, how does one find that Walden experience for ourselves? How do we combine a restorative approach to mind, body, and soul, while at the same time tempering the need for focusing on work, including the power that comes with like-minded souls who can provide a resource for collaborative thought?
WeWork Readies Expansion to South America
WeWork Cos., the world’s largest co-working startup, is preparing to enter Argentina and Brazil while scouting potential sites in nearby countries as part of an expansion in Latin America.
The New York-based shared-office startup, which was most recently valued at $16 billion, plans to open two locations in Sao Paulo in June, as well as at least one in Rio de Janeiro by the end of the year, according to Pato Fuks, the company’s regional general manager for Latin America.
WeWork was founded in 2010 and now has 143 locations in 35 cities across the world. The company typically rents office buildings, refurbishes them and then rents out desks or small offices to startups and other customers looking for a place to work with free coffee and beer kegs. It has pushed aggressively for international expansion in the past several years. The company raised $690 million last year for a drive into Asia.
The Coolest Coworking Spaces in Every State
Having a physical space for your business is no longer a necessity. Companies around the world are turning to remote workers to handle everything from content creation to sales, and the employees of the world love it. Working from home affords them the flexibility they want in a job, and it’s a lot more affordable for budding startups. But what do you do when you need to get out of the living room and stop spending money at expensive coffee shops? You go to coworking spaces, that’s what.
As the newest model for cooperative working, coworking spaces have become the new norm for smaller startups and individuals looking to work in a network friendly environment. In addition to providing affordable office space, most coworking spaces include a bevy of amenities that put most five-star hotels to shame. From free coffee to beer on tap, these buildings have become networking havens for a new class of entrepreneurs and employees alike.
Coworking is the new networking for big business
From Singapore to San Francisco, big businesses are setting up in coworking spaces to mingle with nimble start-ups and early-stage entrepreneurs.
Professional services firm KPMG is one such corporation, with a number of desks leased at the Manhattan branch of WeWork, a rapidly evolving coworking giant in more than 30 cities across the globe. WeWork’s corporate clients include Merck, Dell, McKinsey & Co. and Salesforce.com, who lease desks for their employees so they can work alongside – and learn from – freelancers and small businesses.
“For corporations, coworking can offer a competitive edge, allowing them to tap into new products and ideas that wouldn’t have been possible inside their own offices,” says Karen Williamson, Director of EMEA Research, JLL.
On-demand workspace rental firm Breather lands $40M funding round
Breather, a workspace rental firm, recently closed on a fresh $40 million Series C funding round and is busy putting that money to good use. The company, which has now raised $73 million in venture funding since founding in 2012, offers a range of stylish workspaces in commercial buildings in cities across the U.S., Canada and the U.K.
The company operates in 10 markets at present, including London, New York, San Francisco and Toronto. New York City is actually its busiest, with about half of its rental listings based there. With the Series C capital, Breather intends to add newer workspaces in existing markets, expand into new markets, and hire more specialist staff. The round was led by Menlo Ventures with participation from Valar Ventures, RRE Ventures, Real Ventures, and Slow Ventures.
Breather is officially described as an on-demand short-term rental company. It rents out unused rooms in commercial spaces, furnished smartly via its in-house design team for a consistent experience. The spaces are generally rented out to those who only need a work area for a short period of time, in some cases as little as 30 minutes.
US telecoms giant Verizon is launching a coworking space in London
US telecoms giant Verizon has announced plans to open a coworking space for up to 200 startups in London. The space, based out of an existing Verizon office in Clerkenwell, is being developed in conjunction with workspace provider Work.Life and is set to open in April.
Battle lines drawn in the wifi wars – but is a truce possible?
It was the year in which the wifi war broke out: cafe owners finally called time on freeloading freelancers exploiting their internet connections while nursing a single coffee for hours on end. In the age of flexible and remote working, the sight of a lone worker at a laptop in a coffee shop has become a symbol of our times. Yet independent coffee houses say the work-focused energy freelancers bring – fluctuating between jargon-heavy Bluetooth conversations or stoic silence – can dampen the atmosphere for other customers and slow turnover. So is it time for peace talks? We asked independent coffee shops and freelancers their views.
Hacked Ikea furniture fills this colorful coworking space in Madrid
We’ve covered coworking spaces from the glitzy to the sleek and everything in between. But this is the first time we’ve seen hacked Ikea furniture embraced by a communal office.
Designed by Spanish firm Izaskun Chinchilla, this 100-desk coworking space in Madrid draws on playful elements of Japanese design (we see you, koi-shaped paper lanterns and ryokan-style conference rooms with sliding doors), as well as a loft-like open floor plan (hello NYC influence), and an impressive array of Ikea products.
Designboom notes that Ikea’s Svärta bunk and Fjellse beds—as well as drawers in the company’s Beddinge line—have been combined to form desks and areas to relax throughout the space.
COMMUTERS SAY ENOUGH’S ENOUGH AS MORE THAN HALF PLAN FOR FLEXIBLE WORKING INCREASE IN 2017
2016 has been widely reported as an annus horribillis for UK commuters, with strikes, faults, delays and rising prices combining to create a perfect storm of frustration and misery. Now it appears the tipping point has been reached, with more than half of all employees considering flexible working arrangements for 2017, according to new research from global workspace provider Regus.
The survey, conducted among 1700 UK professionals, shows that 58% of employees are looking to ‘work remotely in order to improve their travel schedule’.
Recent reports estimate that today’s average UK commute takes anywhere from 55 to 90 minutes, with more than 3 million workers regularly facing journeys of more than two hours to get to and from work. Earlier this week transport app Moovit revealed that UK workers have the longest commute in Europe.
The Venetian Las Vegas debuts co-working space
The Venetian Las Vegas has launched its first co-working space in partnership with online clothing store Zappos.
Located on level two of The Palazzo Congress Centre, the 110 sqm pop-up contains a mix of meeting rooms, private corners and lounge space. These are divided by transparent walls in an effort to create an open-plan environment and draw delegates in.
Furnishings are by luxury décor company Restoration Hardware, which has filled the space with industrial design features such as raw wooden tables and stools and distressed leather armchairs. Inside, there are four private phone rooms, charging stations and a conference room that seats six.
Designing space for virtual collaboration in an increasingly untethered world
Working with colleagues across different geographies and time zones has become the norm since an increasing number of organisations now integrate and seek collaboration at a global level. Interestingly, according to Cisco, 62 percent of workers now regularly collaborate with people in other countries. These globally integrated enterprises (GIE) aim to draw in the best talent from across the world, delivering maximum innovation and efficiency. The rise of global and distributed teams has been further encouraged by the popularity of remote working, with 71 percent of office workers now choosing greater flexibility to work from various locations instead of travelling to the office everyday . And the trend only looks set to gain pace, with 56 percent of senior leaders in large global companies expecting global teams to increase in the next one to three years.
A workplace tale told in numbers: WeWork in 2016
WeWork is the weather vane for a new era in which property is increasingly consumed as a service. The company has issued a statement looking back over its achievements during the past year. It’s a tale told in numbers so makes interesting reading. The firm claims it has added 58 new spaces and now offers over 110 locations open around the world for its 80,000 members. It has opened spaces in 18 new cities including Berlin (Berlin), Beer Sheva, Seoul, Mexico City, Shanghai, Hong Kong, Montreal, Philadelphia, Atlanta, Denver and Sydney. Perhaps most tellingly, it has extended its client reach to include firms such as Microsoft, HSBC, Bacardi and Samsung. There’ll be lots of people offering up lists at this time of year detailing key workplace trends. Few will be as instructive as the numbers coming out of WeWork and the wider coworking movement.
Coworking, coworking, coworking: No. 6 #dctech trend of 2016
D.C.’s major coworking players remained essentially the same in 2016, but boy did they make noise.
Homegrown chain MakeOffices opened big new locations on K Street and out in Clarendon. The company also hired #dctech superstar Shana Glenzer this year, and expanded into Chicago and Philadelphia.
NYC’s coworking giant WeWork opened new locations on K Street, off 14th Street at Manhattan Laundry and next to the White House with Metropolitan Square. The latter space is unique in its size — and reflects some talk we’ve heard this year about coworking being what the future of the work place looks like.
5 Ways Co Working Is Changing Modern Workplaces
2016 has been the year of new ideas and innovation, new policies and changes in the overall economy of India. It has also been about the emergence of new business models in the start-up economy. One such new concept that has picked up steam in the Indian market is the idea of sharing workspaces. Companies over the world are asking what are the best ways to create an office that is not just to house all their employees but also to become a strategic tool that enhances productivity, collaboration and inspiration for the company and its employees.
Co-working is here to stay, and it’s not done growing, either
Co-working and collaborative office space still makes up a tiny slice of Denver’s overall office market, but 2016 marked a big year for its growth.
Global co-working giant WeWork entered the Denver market this year, opening two hip, modern outposts near downtown, and local players grew their footprint, too, with new and expanded locations.
By rough estimate, Denver added more than 155,000 square feet of co-working space in 2016, and that’s just counting WeWork’s two Denver leases, Shift Workspaces’ new Golden Triangle campus and Thrive Workplace’s expansion in Ballpark.
Co-Working Spaces Add a Perk for Parents: Child Care
Toddlers make terrible office mates, particularly if your office is in the living room of a railroad-style apartment. They are also not reliable companions at the neighborhood coffee shop, as Jacqui Smith, a publicist, discovered when her son had a meltdown while she tried to get some work done at Variety, a popular Brooklyn coffee roaster.
“He started screaming and I just kept working,” Ms. Smith recalled of the failed excursion last summer with her son, Louis Nash, now 15 months old. “Everyone was looking at me — it’s a very hipster place.”