Flexible / Coworking Archives | Page 4 of 31 | CREtech

WeWork is at the point of recovery where it sees its dwindling quarterly losses as longer-term gains. The coworking giant reported on Friday that it lost $923M during the second quarter of 2021 on revenues of $593M. That figure is down considerably from the company’s loss...

After 24 months of rethinks and renegotiation, it is finally happening: Convene, the New York-based meetings-and-workplace venue provider, is to open its first UK operation in spring 2022.

After 24 months of rethinks and renegotiation, it is finally happening: Convene, the New York-based meetings-and-workplace venue provider, is to open its first UK operation in spring 2022.

With significantly less supply on the market than there was at the beginning of the coronavirus pandemic, the providers that survived the past 15 months are seeing soaring demand and deal signings, albeit at lower prices than before, especially in gateway cities.

The owner of Saks Fifth Avenue is converting parts of department stores into co-working spaces with WeWork, a strategy that marries the popularity of remote work with the struggles of bricks-and-mortar retail.

The Swiss-based conglomerate and WeWork rival has reached agreements to take up coworking space at 401 Park Avenue South and 14 Penn Plaza, Crain’s reported. The former will be under the Spaces brand and take up 63,000 square feet, while the latter will be under IWG’s Regus brand and occupy 28,000 square feet.

According to Marc Cenedella, CEO of Ladders, a job-search site for roles with annual salaries of at least six figures, companies are starting to leverage their flexible workplace policies to poach talent from other, less flexible companies.