The flexible office space business has grown by spring and is bound with an average 23 percent annual growth since 2010. However, a few operators have distinguished themselves in certain ways from the rest of the industry, as with most industries.
We will cover some of the business’s top brands besides offering advice on choosing the right coworking space. WeWork had once gained a new reputation as one of the fastest-growing and most valued startups globally.
WeWork invented the concept of amenities, and much of what they offer has become standard across the coworking industry. This includes high-speed internet, cleaning, supplies, coffee, designated conference space, private phone booths, and a rotating selection of craft beers on tap.
WeWork unquestionably has an advantage over the competition regarding the network. WeWork has an app that links members and enables them to network, interact with WeWork personnel, and book conference rooms, among other things.
Additionally, WeWork has sites worldwide, allowing you to utilize their facilities regardless of location. After inspection at its newly withdrawn IPO, the company saw its valuation plummet, showing that it lost an astonishing $1.9B in 2018.
It also revealed that Adam Neumann, his co-founder, and previous CEO, had practiced questionable methods as the firm was headed.
What is WeWork?
Miguel Mckelvey and Adam Neumann started WeWork in New York in 2010. The company provides Office, coworking, and meeting facilities for start-ups, entrepreneurs, and large companies. The advantage of adopting WeWork or other WeWork alternatives is the flexibility and inclusiveness of the membership concept.
WeWork has become one of the world’s biggest co-working providers, with over 580 sites in 100 cities and over 2000 workers, thanks to its convenience and price.
WeWork is a commercial immobilizer firm known to provide other companies with shared technological startup workspaces. WeWork was established in 2010 and had its headquarters in New York City.
Although the company has greatly impacted the workplace market and raised several communities, it has various competitors. WeWork is the best-known flexible office space company and holds Regus’ second-largest site.
With around 9 million square feet and over 40 locations in New York alone, the firm is the largest private office renter in New York. Its areas have a startup environment and are usually dynamic, energy-efficient, and younger than any other company.
WeWork is very good for businesses; many large companies pick WeWork over other coworking space providers.
Top WeWork Competitors & Alternatives
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Regus, formerly IWG plc, has assisted more than 2.5 million people and businesses since 1989. The company is at the forefront of the workspace revolution. Regus is WeWork’s largest and most established competitor. It was created in 1989 in Brussels, Belgium.
It was around 20 years before WeWork! The company is publicly traded on the London Stock Exchange and has relaunched as IWG plc, with 3,000 cities and 2.5 million users worldwide. They add value to enterprises of all sizes on a personal, strategic, and financial level.
Regus, like WeWork, offers customizable programs for businesses of all sizes. Membership fees vary according to location, private space, and other perks. Unlike WeWork, Regus is noted for its executive vibe rather than millennial/industrial chic.
Regus refers to itself as a legacy or heritage brand and with justification. It was the first flexible space provider on a huge, worldwide scale. The company is primarily recognized for its one- or two-person private offices.
Users can hire an office or coworking space daily or subscribe to a monthly membership. AT&T, Google, and Toshiba are just a few of the company’s noteworthy clients. Regus is the world’s largest flexible space provider, with over 3,000 sites worldwide.
2. Impact Hub
Impact Hub, founded in 2005, is a leader in developing entrepreneurial facilities and communities, startup programs, and networking events worldwide. Impact Hub operates on a highly unique model. They are a coworking organization that collaborates with prospective owners interested in establishing their impact hub. Around 2005, the company was started in London.
Their global network spans more than 100 locations and, compared to WeWork and Regus, has a considerably more community-oriented atmosphere. Their model is not a franchise, as each location is managed by a trio of founders with complementary skill sets.
It connects these early-stage founders with different Impact Hubs and walks them through setting up a new Impact Hub. Once a Hub is established, it CAN NOT be replaced by another location in the same city.
They have a broad range of activities exemplified by their presence on five continents, their events spanning more than 11,000, and the hundreds of programs they offer yearly.
Additionally, they have a thriving community of over 16,000 individuals from varied backgrounds, 67% of whom have launched their businesses. Between 2012 and 2016, they created almost 6,400 new enterprises.
Jamie Hodari and Justin Stewart started Industrious. Industrious uses landlord relationships to expand using a debt-free model. Industrious announced an 80 million Series D fundraising round to extend its brand beyond 80 outlets and 40 cities.
The organization takes pride in its “grownup” coworking approach. Their floor plan reflects this, with luxury offices, central cafes, and an abundance of amenities.
From 2013 to the present, Industrial has offered shared workspace solutions and development services for teams of any size and stage. Expanding to 25 cities in the United States in 2017, it has grown income by 150 percent annually over the last three years, eclipsing other prominent coworking enterprises.
Industrious maintains offices in New York, Boston, Los Angeles, and other major cities. As with WeWork, Industrious provides custom office fit-outs for businesses of 20-10 employees. Lyft, Pandora, and Pier, among others, rely on Industrious for their workplace needs.
Diligent use of large and small businesses can help Innovative monetize more effectively. They raised a total of up to $142 million through 2018. They expanded to 85 outlets in more than 45 cities across the United States in 2019. The Industrious’ success speaks for itself.
4. Talent Garden(TAG)
Talent Garden is a global network of coworking and innovation campuses. We empower companies and individuals to grow their ideas through our coworking spaces, training programs, and international events.
Talent Garden was founded in 2010 by Davide Dattoli, Diego Piacentini, and Carlo Ratti. Today, we are the largest network of coworking and innovation campuses in Europe, with over 30 campuses in 21 countries.
Talent Garden offers various services to help companies and individuals grow their ideas. Their coworking spaces provide a flexible and collaborative work environment for companies of all sizes.
Talent Garden training programs offer a range of courses and workshops to help individuals develop their skills. And the international events bring together the brightest minds in the industry to share knowledge and collaborate.
Talent Garden is more than just a coworking space or a training program. They are a community of like-minded individuals passionate about making things happen. They believe that working together can achieve more than we could ever achieve alone.
TAG, an abbreviation for Talent Garden, is a well-designed coworking space that fosters creativity. It was founded in 2011 and served as an appropriate European lounge for those seeking a closed office or private desk.
They have campuses in eight countries and employ thousands of creative professionals, including freelancers, startups, businesses, and corporations.
Studio is a coworking brand by Tishman Speyer, one of the largest commercial landlords in the world. While Studio does not currently have the same number of locations as others, given its ownership, expansion is inevitable.
Meanwhile, Studio has already established itself as one of the leading global coworking brands with sites in high-profile locations like Beverly Hills, New York City, Chicago, and Washington, DC.
They are a very professional corporation specializing in flexible office space for businesses and offering various options, including private office suites and open seats. Additionally, Studio provides both flexible, shorter-term leases and standard leases.
Servcorp Ltd. is a global provider of comprehensive workplace solutions, including physical and virtual offices, conference halls, and coworking spaces. It has been providing the finest office space services since 1978.
Servcorp is a leading provider of professional office space and business services. With over 30 years of experience, Servcorp has the knowledge and expertise to help businesses of all sizes grow and succeed. Servcorp offers a wide range of services to its clients, including:
Servcorp is a multinational, Australia-based firm that markets itself as “co-working for grownups” and leases office space in some of the world’s most iconic buildings.
The company operates successfully in 23 countries across 54 cities and over 160 locations worldwide. The organization spreads the entrepreneurial mindset and passion throughout the community by delivering affordable packages.
Servcorp is committed to making its businesses look regal by encouraging proper attire and locating them in prestigious towers such as New York’s One World Trade Center and London’s Leadenhall Building.
As with the other companies on this list, it sells virtual operational services to customers — professional and technological services account for 40% of revenue. Additionally, Servcorp seeks to gain a competitive edge by promoting its internet networking capabilities and customer service strategy.
Spaces is a subsidiary of the same corporation that owns Regus – IWG. The company bought Spaces in 2014 to compete directly with WeWork and has since expanded to 180 sites in 50 countries.
Spaces specialize in the bigger, open shared spaces associated with the coworking industry as an alternative to the more traditional corporate environments seen in Regus locations.
Spaces are geared toward entrepreneurs, freelancers, and small companies seeking an innovative and efficient work environment. It is also a great fit for enterprises seeking similar characteristics in a workspace.
Spaces is a new way to work. It’s a better way to work. Spaces is the first and only co-working space designed specifically for women. Spaces provide a beautiful, inspiring, and collaborative environment for women to come together to work, network, and grow their businesses.
Spaces are more than just a workspace. It’s a community of like-minded women passionate about their businesses and committed to supporting each other.
8. Serendipity Labs
Serendipity Labs operates in over 35 markets (primarily secondary-suburban markets). Serendipity Labs, unlike the previously mentioned company-owned brands, is a franchise.
A franchise license is offered to prospective landlords in exchange for Officeentage of revenue from the branded sites. Serendipity Labs offers the option of working in a secure, professional setting through coworking, private offices, customizable team rooms, suites, and meeting and event spaces.
Serendipity Labs is a coworking space that offers its members a place to work, meet, and collaborate. The company was founded in 2007 by John Arenas, and today it has locations across the United States and Europe.
Serendipity Labs provides its members access to private offices, conference rooms, and event spaces. The company also offers a variety of membership plans that allow members to use the space on a flexible basis.
In addition to its coworking spaces, Serendipity Labs offers various services, such as virtual office services, mailboxes, and receptionist services.
9. Venture X
Venture X takes pride in operating professional coworking spaces without cutting shortcuts. The company collaborates with renowned architectural firms and furniture suppliers like Herman Miller and sells office packages, which helps explain why its settings (and fees) are more expensive.
Venture X is a membership-based workspace that offers individuals, and companies access to shared office space, meeting rooms, and business services.
Founded in 2012, Venture X has grown to over 30 locations across the United States and Canada. The company has been recognized as one of the fastest-growing coworking brands in the world.
Venture X members can access various amenities, including high-speed internet, printing and copying services, kitchen facilities, and more. Members also can book meeting rooms and event space at any Venture X location.
United Franchise Group, a family-owned business, owns several franchises, including Venture X. It has successfully operated Sign A Rama, Embroidme, and J.S. in addition to its coworking franchise, Venture X.
Venture X’s principal business plan is to offer franchise licenses to prospective landlords, business owners, and developers to grow its brand without incurring lease or commercial acquisition costs.
Venture X is an ideal solution for businesses looking for a flexible and affordable way to grow their operations. Venture X can provide the perfect environment to get off the ground for businesses that are just starting. Venture X can provide the ideal environment to facilitate growth for businesses that are looking to expand.
If you are interested in learning more about Venture X or looking for a co-working space for your business, contact us today. We would be happy to answer any of your questions and help you find the perfect solution for your business.
10. Pacific Workplace
A Pacific Workplace member offers private office rooms, meeting rooms, virtual office spaces, and coworking memberships. It was founded in 2004 by PBC Management LLC.
Pacific Workplace operates 18 locations throughout the San Francisco Bay Area. There are packages for every budget. It operates under the Pac brand in 20 locations, deploys under the local name, and has created a network of over 650 locations worldwide under the CloudVO brand.
Pacific Workplace is an online platform that helps businesses connect with remote workers. It offers a variety of tools to help businesses find and manage remote workers, including a job board, a community forum, and a freelancer directory.
Pacific Workplace is a great resource for businesses looking to connect with remote workers. It offers a variety of tools to help businesses find and manage remote workers, including a job board, a community forum, and a freelancer directory.
Pacific Workplace is a great resource for you if you’re a business looking to connect with remote workers. They offer a variety of tools to help businesses find and manage remote workers, including a job board, a community forum, and a freelancer directory.
You can also search our freelancer directory if you’re a freelancer looking for work. They have a variety of businesses looking for talented freelancers to help with various projects.
11. Intelligent Office
Intelligent Office is a major, franchise-owned flexible space provider similar to Regus and Premier Workspaces in that it caters to one- and two-person private offices. Additionally, it offers amenities such as full-time reception and other ancillary services that are particularly attractive to small businesses and entrepreneurs.
Intelligent Office provides ancillary services, including accounting, order processing, and business growth and scheduling, providing an attractive choice for small businesses that need flexible working conditions and operations support.
Intelligent Office is a brand of office products that includes various items such as furniture, stationery, and technology. It is known for its stylish and modern designs. The company offers a wide range of products to suit the needs of different customers. Intelligent Office products are available in different colors, sizes, and shapes.
The company has a team of experts who are always ready to help customers choose the right product for their office. Intelligent Office products are made from high-quality materials designed to last long. The products are also available at reasonable prices.
Intelligent Office provides a wide range of services to its customers. The company has a customer service team ready to help customers with their queries and problems. Intelligent Office also has a website that provides a lot of information about the products and services offered by the company.
Intelligent Office products are a great investment for any office. The products are durable and long-lasting. They are also available at reasonable prices.
Alley is a coworking space in the United States based in New York City and began operations eight years ago. It operates various offices under the Alley powered by the Verizon brand.
The company has now opened two stores under the Verizon brand, one in Boston and one in Washington, D.C. Alley presently has over 800 members and is the destination for over 110 new businesses.
Alley is a new coworking space that is shaking up the traditional office space. Alley provides a flexible, affordable, and convenient way to work for entrepreneurs, freelancers, and small businesses.
Alley is more than just a physical space. We are a community of doers, makers, and thinkers. We are here to support your business and help you grow. They offer various membership options so that you can find the perfect fit for your business. And their on-site team is always here to help with whatever you need.
Whether you’re looking for a place to meet clients, host events, or get some work done, Alley is the perfect place.
Carrworkplaces is a national coworking space provider in major cities across the United States. Carrworkplaces offer various membership options to fit your needs, whether you’re a freelancer, small business owner, or remote worker.
Carrworkplaces locations offer a variety of amenities, including high-speed internet, private offices, meeting rooms, and more. Carrworkplaces is the perfect solution for those who need a flexible, affordable, and professional workspace.
Carrworkplaces, which has provided office solutions for various budgets since 2003, aims to replicate the concierge services found in a luxury hotel in a shared working environment.
They have 26 locations throughout the United States, including Washington, D.C., Los Angeles, Chicago, Boston, New York, and San Francisco. According to its website, it is a national coworking space for creative workers.
Knotel is the world’s leading flexible workspace provider. We offer a range of workspace solutions to suit any business need, from private offices and coworking spaces to custom-built headquarters.
Knotel’s mission is to make it easy for companies to find and lease the perfect workspace. We work with companies of all sizes, from startups to global enterprises, and our team of workspace experts is on hand to help you find the right solution for your business.
Knotel has over 10,000 workspace options across more than 500 cities worldwide. We’re constantly expanding our network of workspaces, so you’re sure to find a Knotel near you.
Knotel is a company that provides workspace solutions for businesses. Their services include office space, meeting rooms, and event space. They also offer a variety of membership plans that allow businesses to use their facilities every month. Knotel has locations in major cities across the United States and in London and Berlin.
Knotel was founded in 2016 and has quickly established a strong name in the coworking business. Knotel is an office space platform that provides clients with free unique space, capital efficiency, and a simplified path to maximizing their potential.
The corporation expanded to 4 million square feet in 200 sites across three continents during this time. Knotel is redefining commercial real estate and propelling businesses forward.
Knotel just received $400 million, reducing the gap between its valuation and WeWork. According to Amol Sarva, the company’s CEO, “creating the workplace of the future.”
Knotel’s business approach was leasing buildings and furnishing them with easily removable modular furnishings.
Knotel eliminates the risk of not attracting tenants from the outset by selling the space before offering custom fit-outs. Knotel has locations in most major cities, including New York, Boston, Berlin, Tokyo, and Los Angeles.
Convene coworking spaces emphasize hospitality, just as Industrious does. Convene, which began as an event space provider, has expanded to include various unique facilities, including nearly professional-level kitchens in each location and executive chefs working with local farmers and food providers.
Every location is designed to have a luxurious feel and look. Furthermore, Convene’s Enterprise-level tenants get a choice of cutting-edge technology and 24/7 technical support.
Convene is a digital platform that allows users to book meeting rooms and event spaces. The company was founded in 2009 by Ryan Simonetti, T.J. Jones, and Chris Kelly.
Convene has raised over $107 million in funding, and its most recent valuation was $1 billion. Convene is headquartered in New York City, and its investors include WeWork, Brookfield Properties, and Tishman Speyer.
Convene has been described as a “full-service meeting and event space provider.” The company offers various services, including event planning, catering, audiovisual support, and on-site event management. Convene also offers a mobile app to book meeting rooms and event spaces.
Convene has been growing rapidly, and its revenue increased from $15 million in 2016 to $85 million in 2019. The company is on track to generate $200 million in revenue in 2020.
Convene has been profitable since 2017, and its CEO, Ryan Simonetti, has said that the company is “on a path to IPO.” Convene has been ranked as one of the “hottest startups” by Forbes, Crain’s, and Inc. magazine.