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. 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. Unlike WeWork, Regus allows users to rent office or coworking spaces by the day, as opposed to a flat monthly fee. 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 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 … Membership costs vary by location, and you choose a desk, coworking, or community plan at your nearest location. In fact, Knotel was one of the first companies to provide large, flexible spaces that cater to enterprises with 50 employees or more. 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. 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. 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. Office Evolution is another rapidly growing coworking company with several new locations either currently under development or just opened. 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 . Founded in 1989, Regus offers coworking spaces to entrepreneurs, startup companies, freelancers and even several larger entreprises. Blue Apron Competitors In 2021. Each location is a locally-owned franchise that focuses on small and entrepreneurial teams. We provide everything you need to make a life, not just a living. The flexible office space industry is growing by leaps and bounds, averaging 23% annual growth since 2010. Yifu is a content and digital marketing enthusiast, currently covering the latest trends and insights in the coworking industry. 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 Stock. Regus is a major office real estate and coworking company headquartered in Luxembourg. WeWork is headquartered in New York, NY and has 3 office locations across 3 countries. The building formerly known as the John Hancock Tower in Boston will soon be home to a new co-working space.. The company primarily focuses on enterprise rather than individual freelancers or remote workers. The company acquired Spaces in 2014 to be a direct competitor with WeWork, now operating 180 locations in 50 countries. 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. After looking a little deeper, you'll find the perfect space. … 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. It also provides amenities like full-time reception and other ancillary services that are especially appealing for smaller organizations and entrepreneurs. It does, however, feature east coast and midwest locations as well as other regions of the Western United States. The company acquired Spaces in 2014 to be a direct competitor with WeWork, now operating 180 locations in 50 countries. WeWork, on the other hand, operates in just 111 cities, and its S-1 reveals that the majority of its revenue comes from New York (where it is the largest office tenant in the city), San Francisco, Los Angeles, Seattle, Washington D.C., Boston, and London. Founded in 2010, it is headquartered in New York City. Exploring WeWork's Biggest Competitors. ISW has leased two spaces formerly used by WeWork in Hong Kong. WeWork Competitors Offer A Safer Business Model. Zipcar has a revenue of $278.9M, and 553 employees. What Is Coworking And What Are Coworking Spaces? “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's third-biggest market in the latest quarter was Boston, followed by Orange County, California, and Dallas/Ft. But like most industries, a small number of operators have separated from the field, distinguishing themselves in some way. The company focuses on one or two-person offices, mostly for professionals. The Largest Coworking Companies: WeWork & Top Competitors. 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. 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, however, uses the term Space-as-a-Service. Competitor IWG uses the term … 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. But WeWork is valued substantially higher than them not like a typical commercial real estate company but more like fast growing tech startup. 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. WeWork designs and builds physical and virtual shared spaces and office services for entrepreneurs and companies. WeWork Competitors. 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, … 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. By clicking “accept”, you agree to this use. The company boasts 235 locations, most clustered in large urban markets like Los Angeles, Boston, Chicago, New York City, and the like. WeWork’s business model is so unusual it has several names. With competitors on all sides, the market offers plenty of alternatives to WeWork, including Regus, Impact Hub and other local options. 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. Your email address will not be published. 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 … Boston-based Crayon, which offers businesses a market intelligence platform to track, analyze and act based on market movements from customers and competitors, raised $6 million in … The We Company is a platform for creators that transforms buildings into dynamic environments for creativity, focus, and collaboration. Founded in 2010, it is headquartered in New York City. ... San Francisco, London and Boston … 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. Its spaces feature a startup vibe and atmosphere, usually active, energized, and more youthful than some of the other companies. Reporters call the business co-working or space-sharing. Studio also offers both flexible, shorter-term agreements as well as traditional leases. 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. Impact Hub, founded in central London in early 2005, is a global network of coworking spaces with over 100 locations. WeWork … It was the original flexible space provider operating at a large, global scale. Regus. WeWork was founded in New York in 2010 and offers coworking spaces to entrepreneurs, startup companies, freelancers and larger enterprises. A REIT owns, manages, and leases real estate to tenants. 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. Naturally, these companies are only the largest names in the extremely dynamic flexible workplace industry. Venture X is a newer company in the industry but is expanding quickly. Hyperlocal options like TheHive44 and Alkaloid Networks offer single locations out of St. Louis and Atlanta, respectively. WeWork is revolutionizing the way people and companies work. Union Cowork operates multiple locations across San Diego with one membership. WeWork Business Model. Regus labels itself a legacy or heritage brand, and for good reason. What is WeWork? What is Regus? Some of its most notable client companies include AT&T, Google, and Toshiba. Founders: Mark Dixon. 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. Photograph: Mandel Ngan/AFP/Getty Images. Like Industrious, Convene emphasizes hospitality in their coworking spaces. WeWork serves enterprises particularly well, so many larger organizations favor WeWork over other coworking space providers. Headquarter: Saint Helier, Jersey. 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. Boston Properties is a real estate investment trust (REIT). 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 … The address is 1 Beacon St, Boston, MA 02108. With over 3,000 global locations, Regus is the largest flexible space provider in the world. The company is best known for offering private offices for one or two people. We use cookies to enhance your experience and measure audiences. 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. The company rents its space to local businesses for one-off events as well. However, Studio is already a significant global coworking brand with locations in marquee markets like Beverly Hills, New York City, Chicago, and Washington, DC. But Neumann’s leadership and loose corporate culture wasn’t all surfing in the Maldives, … Work Bar recently added to its downtown portfolio with a 17,600-square-foot lease at 24 School Street in Downtown Crossing and It specializes in hospitality-based amenities for users, including perks like free food and beverages. 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. WeWork was founded in New York in 2010 and offers coworking spaces to entrepreneurs, startup companies, freelancers and larger enterprises. Although Venture X has locations across the country, most of its spaces are in Florida and Texas, with several additional sites currently in development. As of 2018, WeWork managed over 4 million square metres. Without a shadow of doubt, Regus is one of the biggest coworking chains, with about 2.5 million members worldwide. What is WeWork? The WeWork business model is not totally a new one. Looking beyond a national chain might be the option that suits you best. We transform buildings into beautiful, collaborative workspaces and provide infrastructure, se CommonGrounds is a newer addition to the industry and is expanding rapidly. Convene, which operates out of six U.S. cities, offers a high-gloss take on coworking spaces. Zipcar is headquartered in Boston, Massachusetts. Exploring WeWork's Biggest Competitors. 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 they don’t offer the true shared space with a collaborative atmosphere that is synonymous with coworking, their strengths are elsewhere. WeWork's top competitors include Real Time Acquisition, IWG, LiquidSpace, CBRE Group and OpenDoor.io. It partners with landlords in what is essentially a profit-sharing relationship rather than leasing the space on their own. Though comparatively smaller than WeWork and Regus, Impact Hub sets itself apart with a firm focus on community, both inside the office and beyond. 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. Some spaces are even industry-specific, including REth!nk's two locations that cater to real estate professionals. 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. The company transform buildings into beautiful, collaborative … WeWork (File# CC356192) is a business registered with City of Boston, City Clerk. Users can rent office or coworking space by the day or use the typical monthly membership fees. WeWork Competitors. But WeWork … Like Breather, Knotel offers private flex office space, not coworking or shared space. Berrent hasn’t attended a board meeting of … 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. Zipcar has raised a total of $201.3M in funding. The company is the largest private office tenant in New York, with nearly 9 million square feet and over 100 locations in Manhattan alone. Building your dream home is our constant endeavor. 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. For instance, amenities like a more secure IT infrastructure and frosted glass are common in a Serendipity Labs space. WeWork and Boston Properties compete for some of the same tenants. Primarily located in and around Los Angeles, the bulk of Premier Workspaces’ footprint is in Southern California. New Boston Mayor Martin J. Walsh chose the new WeWork as the location for one of his first public speeches after taking office. 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. 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. WeWork is an American commercial real estate company that provides flexible shared workspaces for technology startups and services for other enterprises. Top 10 Nike Competitors In 2021. Get flexible workspaces, agile services and leading technologies to move your business forward. While Studio doesn’t yet offer as many locations as others, its expansion is inevitable considering its ownership. 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, which is a competitor to The Wing, is exploring a sale of its minority stake, Bloomberg reported last month. The business certificate issue date is February 21, 2018. 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. 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,…. In the US, 1,000 additional coworking locations opened in 2018 alone, with another estimated 700 in 2019. Formerly known … Flexible workplace opportunities allow businesses to evolve and thrive. 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 … WeWork was founded in the year 2010 and in just 8 years of its presence it … Rudin also filled 110 Wall Street with WeWork and its co-living offering, WeLive. Save your community manager 41 hours each week—learn how The Yard did it with cloud-based access control. Back … Now, WeWork is the primary tenant in a redevelopment project worth $300 million, which is co-owned by Boston … Competitor IGW has taken over office space WeWork vacated in Hong Kong, The South China Morning Post reports. 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. Rudin Management and Boston Properties, for example, have anchored their Brooklyn project Dock 72 with WeWork. Although its locations are primarily in the Southwest, its growing footprint also includes Portland and Minneapolis with many other markets on the horizon. 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. 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. WeWork's competitors are not worried about its IPO, but say market consolidation is coming regardless of what happens to the coworking giant. "This is somewhat new to Boston… 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. WeWork … 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. 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 … WeWork just keeps expanding in Boston. 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. A WeWork co-working space in Washington DC. See the full list at Craft. Also, Novel offers affordable price points, so such benefits are available to a wide range of businesses. Some notable clients include companies like Google, Toshiba and AT&T. As an alternative to the more traditional business … 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 is revolutionising the way people and companies work. Zipcar has acquired 2 companies, with the most… Ikea Alternatives; Now Week Month. Spaces is owned by the same company as Regus – IWG. 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. Over 100 additional Serendipity Labs are currently in development across the United States. In the US, 1,000 additional coworking locations opened in 2018 alone, with another estimated 700 in 2019. Launched: 1989. Free access to our best guides, industry insights and more. 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. Industrious Office uses a different business model than most of the other large flexible space companies. WeWork has experienced a series of unfortunate events over the course of a few months, and some competitors can’t help but be excited. 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. WeWork designs and builds physical and virtual shared spaces and office services for entrepreneurs and companies. 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