Remove location city-london
article thumbnail

WeWork Shuts Down London Offices Despite Booking Boost

Allwork

WeWork is taking decisive steps to further reduce its office footprint in London. Despite WeWork’s previous reduction from 50 to 30 advertised locations in London, the company has observed a silver lining with a 33% increase in on-demand bookings in the city over the past year, according to a report published by the Evening Standard.

2022 199
article thumbnail

WeWork’s Collapse Will Cause Massive Losses In The U.K. And Australia, Too

Allwork

The City of London has the densest concentration of coworking locations anywhere in the world. In Australia, WeWork is reported to have leased 15 locations totaling 100,000 sq. cities , and on the possible knock-on effect on banks with large loans outstanding to the commercial real estate sector.

Finance 264
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

IWG Expands in Michigan with Eight New Flexible Workspaces

Allwork

IWG is on course to have expanded its offerings in Michigan with eight new flexible workspace centers by the end of 2024. According to a report published by the DBusiness , the company is pursuing an expansion strategy that will increase its presence in the state to 25 locations. Coupled with fast expansion in the U.S.,

2024 258
article thumbnail

IWG Capitalizes on the Demand for 15-minute Cities in London

Allwork

The move is part of the company’s broader strategy of establishing a series of “15-minute cities” across London, according to the Evening Standard. The post IWG Capitalizes on the Demand for 15-minute Cities in London appeared first on Allwork.Space. What’s going on: IWG is launching a 5,500 sq.

2023 220
article thumbnail

Amazon’s Office Downsizing Plan Threatens Already Struggling Commercial Real Estate Markets

Allwork

Many cities have been grappling with the effects of increased remote work, high interest, and overbuilding. By requiring employees to relocate to these central locations, the company hopes to improve collaboration and minimize operational expenses in non-hub sites.

2024 264
article thumbnail

Location, Location, Location: Why Your Next Coworking Space Should Be In A Residential Neighborhood

Allwork

Local coworking is a key part of complete community transformation in residential areas, and may contribute to the success of 15-minute cities. Since the pandemic, though, operators are seeing more benefits of locating workspaces in residential areas. This, subsequently, might contribute to the success of the 15-minute city.

Lifestyle 312
article thumbnail

Flexible Office Market Thriving Despite Shadow Of WeWork’s Fiasco

Allwork

The flexible office space industry is demonstrating resilience and growth in the face of changing work patterns and bankruptcy drama faced by WeWork. For example, Workspace, a leading provider of flexible office spaces in London, reported a notable increase in profits — with a trading profit up 6.1%