A wave of consolidation has begun, with industry leaders such as WeWork, IWG, and Industrious buying up smaller competitors.
Tesco’s new coworking space in South London will be available to clients for a fee and will be managed by IWG.
Due to growing demand for the hybrid work model in a post-pandemic environment, the London-listed company will open 1,000 new spaces in 2022.
The Instant Group’s newly enhanced marketplace will serve over 250K businesses in 175 countries, operating 24/7 through an integrated platform.
Cho’s main goals for 2022 include reopening The Wing’s sixth location in Chicago and expanding into the European market for the first time.
In 2021, IWG doubled the number of franchise partners, with new franchise location commitments increasing from 67 in 2020 to 150 last year.
With the addition of IWG’s network, Coworker now encompasses listings for 18,500 workspaces in 172 countries, making it the largest global network of flexible offices.